Smart partnership: A man walks past a welcome signboard outside a Felda plantation in Hulu Selangor. Felda cannot develop its own land because building and construction is not the group’s core business. So, it has to hand the land-development responsibility to Encorp. — Reuters
Annual payments to its parent Felda for Bukit Katil township project in Malacca seem burdensome
FROM left pocket to right pocket – that’s how Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad describes Encorp Bhd
’s buying of a piece of land in Bukit Katil, Malacca, from its parent company for property development.
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