What is the current financial burden on the administration due to Felda?

Question

Accepted Answer

Felda is now imposing nearly RM10 billion in losses and debt on the administration.

Felda is currently saddled with debts of almost RM10 billion, and that has forced the administration to shoulder a heavy financial burden each year. Prime Minister Datuk Seri Anwar Ibrahim said the losses stem from mismanagement and excessive political interference, describing the situation as a sharp decline from a time when Felda earned billions annually.
The burden is tied to nearly RM10 billion in debt

Anwar said reports he received after returning to government showed Felda was carrying debts of almost RM10 billion. He said this has become a heavy annual burden for the administration.
The losses were linked to management failures

He attributed the decline to mismanagement and excessive political interference. In his remarks, he said decisions changed eight years ago and that what once earned RM10 billion is now in deficit.
Felda was once a highly profitable plantation group

Anwar said Felda had once been the world’s largest plantation company and was earning billions every year. He also pointed to earlier leadership under Raja Alias Raja Muhammad Ali and the late Tan Sri Taib Andak as a period when the agency was managed efficiently.
Settlers were not blamed for the decline

Anwar said the problem was not that settlers failed to work hard. He said the issue lay with those entrusted to manage the agency, whom he accused of betraying that trust.

Reading history

Hide →

This history is cleared when the page is closed.

What is the current financial burden on the administration due to Felda?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends