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In the News Snippets & Links 

 

Apr 10, 2019 

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 14:54

RM2.7b of Felda money used by BN for GE14

Some RM2.7 billion of Federal Land Development Authority (Felda) money meant to upgrade its plantations was used to buy political support before the last general-election, Economic Affairs Minister Datuk Seri Azmin Ali  told the Dewan Rakyat today. |Read more >|SunDaily

 

New Malaysia | Overhaul: FELDA Apr 10, 2019 @ 14:46

IGP: CCID investigating power abuse allegations in Felda-EHP deal

Investigations into Felda’s investment in Indonesia’s PT Eagle High Plantations Tbk (EHP) have been initiated. |Read more >|NST

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 14:30

Azmin: Felda cash reserves critical, down to RM35m from healthy RM2.5b

Emergency funds for the Federal Land Development Authority (Felda) have taken a critical hit, the economic affairs minister told Parliament today as he highlighted its cash reserves had dwindled to just RM35 million last year. |Read more >|Malaymail

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 13:58

Anwar: How did Isa find RM140m Felda money to spend, including on family trips?

Datuk Seri Anwar Ibrahim wants an explanation on how RM140mil was spent by former Felda chairman Tan Sri Mohd Isa Samad, including on overseas trips with his family members.|Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 10, 2019 @ 13:48

White Paper spells out RM6.23 billion financial aid boost for FELDA

A RM6.23-billion financial aid boost for FELDA. That’s what the Pakatan Harapan (PH) government has worked out to ensure the sustainability of the Federal Land Development Authority.  |Read more >|NST

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New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 12:51

New business model by Felda

Felda will formulate a new business model where the government will manage the settlers land through a long-term rental arrangement. New cash crops would be planted, all aimed at generating higher incomes for Felda settlers, said the White Paper.|Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 12:30

Isa Samad’s role in Felda, 20 units caused conflicts, says White Paper

Former Felda chairman Tan Sri Isa Samad created conflicts of interest by also holding positions in 20 other related subsidiaries, the White Paper on the federal agency concluded. |Read more >|Malaymail

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 12:28

Govt to ensure Felda scheme sustainable

The Government will inject RM6.23bil and introduce a short, medium and long-term initiative to ensure that the Felda scheme continues to be sustainable in the future. |Read more >|TheStar

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 11:49

Forensic studies on Felda's investments

The Ministry of Economic Affairs has released the white paper containing the forensic studies conducted by Erst & Young on eight of FELDA’s investments. |Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 11:31

Felda White Paper highlights: Finances worsened after 2012 FGV listing

Datuk Seri Anwar Ibrahim wants an explanation on how RM140mil was spent by former Felda chairman Tan Sri Mohd Isa Samad, including on overseas trips with his family members.|Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 11:16

Govt to provide RM6bil aid to Felda

Felda is to receive slightly more than RM6bil in stages from the Government as it restructures its operations and strengthens its governance in order to improve the fortunes of the agency and its settlers.|Read more >|TheStar

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 08:42

Najib: Purchase of Eagle High done in an 'objective manner'

Former prime minister Datuk Seri Najib Razak is unfazed and doubts that the police reports made by Federal Land Development Authority (Felda) against him will have an impact on the Rantau by-election. |Read more >|TheStar

 

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