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The Felda Model was introduced to improve livelihoods on the earnings from palm oil. Today, many Malaysians in rural areas are enjoying the fruits of their labour.
IN the run-up to the 14th General Election (GE), it is the bread-and-butter issues that will determine how the Felda settlers, who form the majority in 54 parliament seats, vote.
Felda chairman says at least two years needed to turn Felda around
BACK in 2012, the Federal Land Development Authority (Felda) gained a whopping RM5bil in gross proceeds from the listing of its then unit, Felda Global Ventures Holdings Bhd (which has since been renamed FGV Holdings Bhd) on Bursa Malaysia.
PETALING JAYA: Apart from a forensic audit, the Federal Land Development Authority (Felda) is undertaking a review of its role as the guardian of the settlers, following cashflow problems faced by the agency. It is learnt that Felda has to go to the government to get financial resources to undertake programmes such as providing the settlers with short-term loans and infrastructure in its schemes.
A series of acquisitions by different Felda units has thrust the group into the limelight.
Felda's director-general says good human resource management and financial systems are the ingredients that make the model one to emulate.
PETALING JAYA: The Federal Land Development Authority (Felda), the authority that is saddled with debts of RM8.05bil, is expected to see its cash balance drop to about RM100mil by year-end, hampering efforts for external funding, according to sources
PETALING JAYA: A high-stakes battle in the 14th General Election will be fought in the Malay heartland for 52 parliamentary seats, which have Felda settlements.
BENTONG: A total of 10,338 settlers have made a return to the scheme, six months after the Federal Land Development Authority (Felda) offered them a second chance, said Datuk Seri Najib Tun Razak.