Felda lost RM1bil in 2022


In the news: Felda in reply to the AG’s Report released yesterday, said they are working with the government as part of their recovery plan. — FAIHAN GHANI/ The Star

Reports by MARTIN CARVALHO, WANI MUTHIAH, TEH ATHIRA YUSOF, SYAZWANI HASNIZAM and HO JIA WEN

PETALING JAYA: The Federal Land Development Authority (Felda) incurred a nett loss of RM1.005bil in 2022, up 84.4% versus a RM545mil loss in 2021, revealed the Auditor-General’s 2022 report.

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