31 strategic initiatives by Felda to turn around

Felda is facing serious cash flow problems while LTH has gone into investments that face huge impairments. Both entities would need to divest assets and the easiest is to look at the listed companies,

PETALING JAYA: The Federal Land Development Authority (Felda) has identified 31 strategic initiatives for its transformation project aimed at turning around the government agency that is the single-largest shareholder in FGV Holdings Bhd.

Felda said in a statement yesterday that the initiatives would be implemented in three phases, which, at this juncture, would take eight months for each phase.