Weak management team caused Felda’s downfall


  • Business
  • Thursday, 11 Apr 2019

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said the Cabinet had agreed the tabling of the White Paper, which was scheduled to be tabled to Parliament on Monday, had to be postponed to the first meeting of the second session of the 14th Parliament (2019).

PETALING JAYA: The downfall of Felda, which is currently saddled with huge debts and in a critical financial situation, is attributable to its former weak management team and its non-profitable investments.

Felda is also faced with both integrity and accountability issues, said the White Paper.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Maybank GWM financial assets hit RM565bil on Islamic wealth strong momentum
Trump tariffs in focus ahead of key US court decision
Asian stocks rise; FX lack direction on steady dollar, Fed rate-cut bets
China's 2025 copper imports lowest since 2020 amid major price rally
Trilateral links will boost growth
Strong growth for Malaysia's Islamic banking sector - S&P Global Ratings
Oil prices pause gains as Venezuela shipments resume but Iran concerns loom
Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
Asian stocks inch higher, fragile yen spurs intervention worries�
FBM KLCI struggles to extend gains amid profit-taking pressure

Others Also Read