The Star·3 min read·medium
Anwar: Felda planned to sell hotel at RM330mil loss
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Bernama
✦AI Summary
Malaysian Prime Minister Anwar Ibrahim blocked a proposed sale of a UK-based hotel by the Federal Land Development Authority (Felda) that would have resulted in a RM330 million loss. Anwar criticized the management's decision to sell assets below their purchase price while settlers face financial hardship.
MELAKA: The Federal Land Development Authority (Felda) had planned to sell a hotel it owned for £100mil, although the hotel had been bought for £160mil.
politicsbusinesseconomy
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