Fixing FGV


Trust not discussed: A truck carrying oil palm fruits passing through Felda Sahabat plantation in Lahad Datu. FGV said in an announcement to Bursa Malaysia that there was no discussion on the creation of a plantation trust at the FGV and Felda boards. – Reuters

FIGURING out what to do with the plantation business under Felda Global Ventures Bhd (FGV) has been a lingering headache for the Federal Land Development Authority (Felda).

In the last three years, Felda has seen the income it receives from FGV whittled down. It has come to a point where it feels something needs to be done to ensure that Felda, by its own estimation, can receive the up to RM3bil a year needed to run the government agency and its programmes for settlers as smoothly as possible.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , felda , FGV , plantations , trust

   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America
Hap Seng bottom line in four-fold rise
Mixed views on PetChem on higher interest expense
No new impetus seen for JETP under Trump

Others Also Read