Business, markets and economy news from Malaysia.
Prime Minister Anwar Ibrahim has called for the Federal Land Development Authority to remain a robust institution supporting settlers' welfare and economic sustainability, backing new chairman Tan Sri Ahmad Badri Mohd Zahir's leadership agenda.
The Malaysian government is moving to amend Act 530 to permit multiple residential structures on individual FELDA settler plots. Prime Minister Anwar Ibrahim has directed the Federal Land Development Authority to prepare draft amendments within two months.
A Federal Court review panel is set to deliver its decision today on an application by the former Felda chairman, whose conviction was restored after claims he was denied the opportunity to mount a proper defence.
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Malaysia's General Operations Force has arrested nine individuals linked to an illegal bauxite mining operation valued at RM3.75 million operating within a Felda plantation in Kuantan.
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The Federal Court has rejected former Felda chairman Tan Sri Isa Samad's final legal challenge to overturn his RM3 million graft conviction. The dismissal closes all remaining avenues for appeal in the high-profile case.
The Federal Court has rejected Datuk Seri Mohd Isa Abdul Samad's application to review its decision upholding his corruption conviction. The former Felda chairman faces imprisonment over misconduct involving RM3.09 million related to a hotel acquisition.
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Deputy Prime Minister Ahmad Zahid Hamidi has firmly rejected claims that he issued directives limiting the Johor Menteri Besar's involvement with Felda, addressing speculation over internal government authority.
The Johor state government has resolved 99.99 per cent of Federal Land Development Authority land title applications, settling 27,639 cases and presenting documents to 210 settlers across three districts.
Former Felda chairman Mohd Isa Abdul Samad's conviction review and proceedings involving ex-army chief Muhammad Hafizuddeain Jantan are among major cases before Malaysian courts this week.