Felda Global Ventures

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Media Statement: New levy for foreign workers

GROUP PRESIDENT / CHIEF EXECUTIVE OFFICER

Date:   3 February 2016

Subject: New levy for foreign workers

 

Felda Global Ventures Holdings Berhad (FGV) appeals for the Government to reconsider its decision to increase the levy for foreign workers in the plantation sector effective 1 February 2016. The new levy imposed for workers in the plantation sector is a significant jump of 154% from RM590 to RM1, 500, an increase of RM910.

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MEDIA RELEASE: FGV TO EXPLORE BIODEGRADABLE PLASTICS PRODUCTION FROM PALM OIL BIOMASS WASTE WITH NEWLIGHT TECHNOLOGIES AND INNOGAS TECHNOLOGIES

The sustainable biomass project is also aimed at creating revenue enhancement

Kuala Lumpur, 15 December 2015: Felda Global Ventures Holdings Berhad (FGV) today signed a Memorandum of Understanding (MOU) with Newlight Technologies LLC (Newlight Technologies) and Innogas Technologies Sdn Bhd (Innogas Technologies) for a project to produce biodegradable plastics from palm oil biomass waste in Malaysia.

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Media Release: FGV and Rajawali Mutually Agree to Discuss a Different Mode of Investment in Eagle High

KUALA LUMPUR, – Felda Global Ventures Holdings Berhad (FGV) is currently in discussion with PT Rajawali Corpora for a possible different mode of investment in Eagle High. Current market conditions and developments in the palm oil sector have made it necessary to mutually review the existing mode of investment in order to maximise the benefits for all parties involved.

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