Felda seeking RM6bil government rescue, says source


  • Business
  • Wednesday, 10 Apr 2019

A newspaper reported that the government would table a White Paper on Felda in parliament which would likely contain proposals to restore proper financial management and governance at Felda. One of these proposals is a possible merger with Felcra.

KUALA LUMPUR: Felda, a state agency overseeing farmers, will ask for about RM6bil from the government to help turn itself around, according to a source.

The agency will include the request in its long-awaited white paper when it is tabled in parliament today, said the person, who asked not to be named as the bill hasn’t been publicly presented.

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