LATELY the nation has been consumed by news of the mismanagement of government-owned entities. The sad part is that such government companies were created to support the poor. The two prominent ones which have made headlines recently are Felda and Tabung Haji (TH).
Felda, which gained world recognition as a viable poverty alleviation scheme, one that many poor countries wanted to emulate, was suddenly hit with problems. The irony is that when Felda was managed by true professionals, the agency was the envy of the world.