Felda has to seek govt assistance as it is facing cashflow problem

Asset disposal: Workers unload oil palm fruits from a lorry at a Felda factory in Trolak, Perak. Strengthening the agency’s cashflow position will likely include the disposal of non-strategic assets such as properties, both locally and abroad, as well as other non-performing businesses.

PETALING JAYA: Apart from a forensic audit, the Federal Land Development Authority (Felda) is undertaking a review of its role as the guardian of the settlers, following cashflow problems faced by the agency.

It is learnt that Felda has to go to the government to get financial resources to undertake programmes such as providing the settlers with short-term loans and infrastructure in its schemes.