Ismail: Felcra set to achieve RM2bil revenue


Ismail: ‘Felcra’s core focus is still on the plantation and agriculture sectors.’

KUALA LUMPUR: Federal Land Consolidation and Rehabilitation Authority (Felcra) Bhd is confident of achieving RM2bil in revenue this year, said Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob.

He said Felcra also expected an increase in dividend payments to its participants due to the organisation's good management skills and better palm oil prices.

“Felcra's core focus is still on the plantation and agriculture sectors, and last year, Prime Minister Datuk Seri Najib Tun Razak announced that Felcra has been tasked with establishing food security in the country, focusing on the farming industry such as meat and poultry farming,” he said during Felcra's Hari Raya open house at Wisma Felcra here yesterday.

Felcra chairman Datuk Seri Bung Moktar Radin said they had started outlining the food security blueprint, adding that the Sarawak government had also asked for the food security plan to be implemented in the state.

He said the rewards for implementation of the food security would be quite lucrative.

“We still do not have any figures as yet but we will need a total of 80,000ha throughout Malaysia to implement the food security plan,” he said, adding that food imports in Malaysia have been increasing every year, with a record of RM45.6 billion last year.

“We expect it to increase to RM47bil this year and we want to reduce 5% of this figure in a year,” he added. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , Felcra , revenue ,

   

Did you find this article insightful?

Yes
No

Next In Business News

Depressed US dollar plumbs lowest levels in nearly 3 months, FOMC minutes awaited
UMW Q3 net profit slips to RM101mil
GDex to expand warehouses, distribution centres and fleet
MPI registers 50% jump in Q1 net profit�
Top Glove sees demand doubling when vaccines ready by year-end
MMC Corp posts lower earnings in Q3�
Higher retail margin lifts AEON earnings in Q3
Prestar’s 3Q net profit jumps 132% to RM5.2mil
Builder IJM sees encouraging outlook after improved Q2 results�
KLCI bounces back, Public Bank, Telekom advance

Stories You'll Enjoy