Felda's cash flow ‘almost empty’

Megat (second from left on the stage) at the press conference yesterday.

KUALA LUMPUR: At his first press conference as the chairman of the Federal Land Development Authority (Felda), Tan Sri Megat Zaharuddin Megat Mohd Nor said the plantation group would first need to improve its cash flow and pare down some of its borrowings.

The former chairman of the largest banking group in Malaysia, Malayan Banking Bhd (Maybank), described Felda’s current cash flow as “almost empty”.