Heard from a reliable source during the UMNO general assembly: The Prime Minister has agreed to extend Isa Samad's contract as chairman of Felda and FGV for another three years starting Jan 1, 2014. The former Negri Sembilan Menteri Besar was put there by Najib Razak on Jan 1, 2011 to handle the political opposition towards the 29/6/12 listing of FGV, which was the second largest IPO in the world (after Facebook) last year. Its share price closed slightly below the IPO's RM4.55 today.
Isa, 64, failed in his bid for one of the three Umno vice president posts at the recent party elections.-rocky's bru
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