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New Malaysia | Building A New Malaysia |

In the News Snippets & Links 

 

Apr 11, 2019 

 

 

New Malaysia | Overhaul: FELDA Apr 11, 2019  @ 13:30

Former Felda chief Isa Samad’s graft, CBT trial set for October

Tan Sri Isa Samad’s trial for one criminal breach of trust (CBT) and nine corruption charges over the inflated purchase price of a Kuching hotel while he was chairman of Federal Land Development Authority (Felda) will commence in October. |Read more >|Malaymail

New Malaysia | Overhaul: FELDA Apr 11, 2019  @ 09:29

Najib faces three-month parliamentary suspension for breaking Felda embargo

A motion will be moved in Parliament today (April 11) to suspend former Prime Minister Datuk Seri Najib Razak for three months.|Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 11, 2019  @ 07:00

Taking Felda forward the smart way

Felda will formulate a new business model whereby the government manages the settlers’ land through a long-term rental arrangement. And cash crops would be planted, all aimed at generating higher incomes for the settlers. |Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 11, 2019  @ 07:00

69% of settlers are aged 61 to 79 years

Most of Felda’s 317 land schemes are now facing the problem of a significant change in demography with 69% of the settlers aged 61 to 79 years.The white paper on Felda tabled in Parliament by Economic Affairs Minister Datuk Seri Azmin Ali highlights this challenge, with most elderly settlers still dependent on Felda for a living.|Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 11, 2019  @ 07:00

Planting seeds to a new Felda

The scale of malfeasance was staggering. The White Paper on the goings-on in Felda and its subsidiaries read like a litany of wrongdoings that breached proper governance standards that most companies have to prescribe to.|Read more >|TheStar

 

 

New Malaysia | Building A New Malaysia |

In the News Snippets & Links 

 

Apr 10, 2019

New Malaysia | Overhaul: FELDA Apr 10, 2019 @ 21:40

Govt to allocate RM1b, over four years, for new land rental model

The government has agreed to allocate RM1 billion for Federal Land Development Authority's (Felda) 317 land schemes to adopt a new model where settlers' rent land for a reasonable period. |Read more >|NST

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New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 20:01

Rajawali Capital can’t afford to buy back EHP: Azmin

PT Rajawali Capital International has no financial capability to repurchase PT Eagle High Plantations (EHP) even though the Federal Land Development Authority (Felda) has activated the put option to sell its stake in the Indonesian plantation company. |Read more >|SunDaily

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 19:46

Governance reform for Felda

The Felda White Paper which was tabled in Parliament today also listed several improvement steps to improve its governance to boost accountability, integrity and professionalism in Felda, subsidiaries and associate companies including FGV and FIC. |Read more > |SunDaily

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 17:40

Azmin submits motion against Najib for breaching embargo on Felda White Paper

A motion has been filed against former prime minister Datuk Seri Najib Razak (pic) for breaking a Parliament embargo on the Federal Land Development Authority (Felda) White Paper. |Read more >|TheStar

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 16:17

Azmin: Expect more police reports lodged over alleged Felda mismanagement

More police reports will be lodged by the Federal Land Development Authority (Felda) over alleged mismanagement, says Datuk Seri Mohamed Azmin Ali.|Read more >|TheStar

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 16:00

Azmin: Culprits who cost Felda billions will be brought to book

Datuk Seri Azmin Ali said police involvement will be sought shortly over the alleged mismanagement of the Federal Land Development Authority’s (Felda) that wiped billions from its coffers. |Read more > |Malaymail

 

New Malaysia | Overhaul: FELDA Apr 10, 2019  @ 15:26

Dr Mahathir questions whereabouts of FGV profits

Prime Minister Tun Dr Mahathir Mohamad today questioned where the funds of FGV Holdings Bhd, which was claimed to have recorded considerable profits, have gone to. |Read more >|SunDaily

 

New Malaysia | Building A New Malaysia |

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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