Will Felda and Felcra merge under new government plans?

Question

Accepted Answer

A White Paper on Felda's future, potentially including a merger with Felcra, is to be tabled in Parliament.

A White Paper addressing the financial management and governance issues of the Federal Land Development Authority (Felda) is scheduled to be presented to Parliament in December. This document may include proposals for a merger between Felda and the Federal Land Consolidation and Rehabilitation Authority (Felcra). Felda has accumulated over RM8 billion in debt due to past financial mismanagement and irresponsible practices.
Government to Present White Paper on Felda

The Ministry of Economic Affairs is preparing to table a White Paper concerning Felda in Parliament. This strategic document is intended to outline proposals aimed at restoring proper financial management and governance within the agency.
Potential Merger with Felcra Included

One of the key proposals expected to be detailed within the White Paper is the potential merger of Felda with Felcra. This consideration arises in the context of addressing Felda's significant financial challenges.
Felda's Substantial Debt Burden

Felda is currently facing a substantial debt burden exceeding RM8 billion. This financial strain is attributed to past instances of wrongful and irresponsible management, as stated by the Economic Affairs Minister.
Timeline for White Paper Tabling

The White Paper on Felda is slated for tabling in Parliament during the month of December. This timeline indicates the government's intent to address the agency's issues promptly.

Reading history

Hide →

This history is cleared when the page is closed.

Will Felda and Felcra merge under new government plans?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends