KUALA LUMPUR: The beleaguered Federal Land Development Authority (Felda), which has been hit by massive losses in billions and liquidation of several subsidiary companies, is confident of returning to the black by the financial year 2022 through the implementation of a new business model.
Chairman Datuk Seri Idris Jusoh said following the presentation of a white paper on Felda in Parliament on April 10,2019, a task force led by Tan Sri Abdul Wahid Omar was formed to look into ways to enhance its (the white paper) inadequacy to address various issues besetting the agency.