THE final report on how the listing of the Federal Land Development Authority (Felda) can enhance the interest of its settlers will be ready for the Cabinet in two weeks’ time.
Agriculture Minister Datuk Seri Mohd Effendi Norwawi said 4 ministries – Agriculture, Land and Cooperative Development, Finance and Rural Development – had formed a committee to prepare the report.
“We are now heading a committee with our officials to work out how best to structure Felda for the listing. The initial public offering (IPO) will allow us to generate more funds to carry out programmes.
“This might then help enhance the interest of our settlers by encouraging industries in Felda estates. We want to see the IPO because this means new programmes can be carried out more effectively,” he said after meeting Second Finance Minister Datuk Dr Jamaluddin Jarjis at the Finance Ministry yesterday.
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