Examples of using Fic in English and their translations into Malay
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Colloquial
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Ecclesiastic
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Computer
FIC Properties Sdn Bhd.
Trade history FIC/BTC.
FIC is Felda's wholly-owned investment arm.
The project was founded by FIC.
Of the fic you have written, of which are you most proud?
The Foreign Investment Committee( FIC).
Of the fic you have written, which are you most proud of?
Congratulations to the Fundación Interamericana del Corazón México(FIC México) team!
In fact the FELDA, FIC and FGV chairman are all the same person.
The debt will be serviced by the cashflow generated by Felda Investment Corp's(FIC) assets,” said a source.
Isa, who was FIC non-executive director at the time, was arrested and remanded in August to assist investigations.
However, the company claimed that in or around January 2016, Felda and FIC merely delivered vacant possession of one parcel of the land to the company.
FIC is said to have purchased a hotel in Kensington, London for an inflated price of RM330mil, when the actual value is said to have been RM110mil.
The acquisition of the London property was the first for FIC and second for FELDA, bringing the total number of hotels and resorts owned by the government agency to 12.
FIC is said to have purchased a hotel in Kensington, London for an inflated price of RM330mil, when the actual value is said to have been RM110mil.
Some enlightenment- before 2017, FELDA had a number of directors who werealso part of the Felda Investment Corporation(FIC) and Felda Global Venture(FGV) board of directors.
FIC had allegedly bought the property in December 2014 for £60 million(RM330 million), a price allegedly far above the market rate.
PUTRAJAYA, July 30- A company director has been remanded for six days from today to facilitate the investigations into thepurchase of a hotel by Felda Investment Corporation(FIC) in Kuching, Sarawak, in 2014.
FIC will adopt a more liberal approach, which will bring positive changes and nurture a more investor-friendly environment to attract more investments, including FDIs.
Currently, companies seeking listing are required to satisfy the public spread requirement of 25% andmeet the 30% bumiputera equity condition based on FIC guidelines.
In 2004, the Foreign Investment Committee(FIC) had liberalised its policy on foreign equity participation to allow foreigners to hold up to 70% of the equity in a Malaysian company.
From a management point of view, it is quite confusing because the Felda Board of Directors does not know who made the decision, whether it was FIC or Felda because at the time, that same person sat in FIC and Felda.
FIC was required to deliver vacant possession of the land within 30 days of signing the agreement, and also ensure that the vacant possession is not revoked by Felda, prior to the completion of the project.
Ii Cheating the various statutory bodies like Bank Negara Malaysia,SC, FIC and ROC by using these Malaysian nominees' shareholders to circumvent foreign ownership declarations and Approvals required.
However, at the micro level, FIC will continue to formulate policy guidelines focusing only in sectors of national interest, such as ports and airports, property, defence, public transportation and telecommunications.
According to the source, all decisions pertaining to the appointment of the companywere believed to have been made by FIC, but this was only informed to the Felda Board of Directors three months later, on September 2, 2014, for retrospective approval.
Felda, via its special purpose vehicle FIC Properties Sdn Bhd had acquired 37% of the shares of Eagle High for approximately USD500 million, paying approximately IDR580 per share, at an extremely high premium of 95% to its closing share price at the point of acquisition.
Among these were calling for the resignation of all Felda Investment Corporation(FIC) board members in January and the sale of assets, including luxury cars and the Grand Plaza Serviced Apartments in London.