Trust not discussed: A truck carrying oil palm fruits passing through Felda Sahabat plantation in Lahad Datu. FGV said in an announcement to Bursa Malaysia that there was no discussion on the creation of a plantation trust at the FGV and Felda boards. – Reuters
FIGURING out what to do with the plantation business under Felda Global Ventures Bhd (FGV) has been a lingering headache for the Federal Land Development Authority (Felda).
In the last three years, Felda has seen the income it receives from FGV whittled down. It has come to a point where it feels something needs to be done to ensure that Felda, by its own estimation, can receive the up to RM3bil a year needed to run the government agency and its programmes for settlers as smoothly as possible.
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