The Business Times
business-time-50
SUBSCRIBERS

Mounting criticism for Felda's plan to strike 'expensive' Indonesian palm deal

google-preferred-sourceAdd BT as a preferred source
Published Tue, Dec 27, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Kuala Lumpur

MALAYSIA'S Federal Land Development Authority (Felda) came under mounting criticism on Tuesday for its plan to purchase a stake in Indonesian palm oil firm PT Eagle High Plantations Tbk in what critics have called an overpriced deal.

The state-owned Felda, which operates some of the world's biggest palm oil plantations, said on Friday it plans to buy a 37 per cent stake in Eagle High for US$505.4 million.

Palm oil

Share with us your feedback on BT's products and services

Feedback

TRENDING NOW

BT

I tracked my dad’s expenses to find out how much retirement costs

The price tag for the Nassim Road GCB works out to nearly S$4,550 per square foot.

Nassim Road bungalow changing hands for S$64.9m 

Loyang Valley sits on a 840,648 sq ft plot of land, which now houses 362 apartments.

Loyang Valley sold for S$880 million to SingHaiyi-led consortium

Capital City Mall is expected to benefit from increased visitor traffic once the Johor Bahru-Singapore Rapid Transit System commences operations at the end of 2026.

Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More