Felda's cash flow ‘almost empty’


Megat (second from left on the stage) at the press conference yesterday.

KUALA LUMPUR: At his first press conference as the chairman of the Federal Land Development Authority (Felda), Tan Sri Megat Zaharuddin Megat Mohd Nor said the plantation group would first need to improve its cash flow and pare down some of its borrowings.

The former chairman of the largest banking group in Malaysia, Malayan Banking Bhd (Maybank), described Felda’s current cash flow as “almost empty”.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

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 , Megat , cash , empty , settlers , borrowings ,

   

Next In Business News

Closing the gap in information delivery
Microlink wins RM84mil ministry job
Fast-lane initiative successfully speeds up foreign projects in Johor
Mixed fortunes likely from Trump presidency
Mah Sing to buy land for RM113mil
T7 Global gets drilling jack-up rig
Pentamaster quarterly earnings at RM12mil
EcoWorld Malaysia to buy land for RM742mil
WE Communications announces expansion into M’sia
Positive outlook for growth on higher exports, wages

Others Also Read