Govt to pump in RM6bil in stages to fix Felda

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 is to receive slightly more than RM6bil in stages from the government as it restructures its operations and strengthens governance in order to improve the fortunes of the agency and settlers.

It is understood that in the White Paper, Felda will get that sum of money from the government in the form of grants, loans and guarantees in order to resolve the immediate needs of the agency and establish a viable direction for the company and settlers.