Felda seeks RM6 billion government bailout, says report

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Felda seeks RM6 billion government bailout, says report
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The request will be included in a white paper to be introduced in Parliament tomorrow. felda

The PH government has promised to look into Felda’s financial troubles and alleged graft.

The Pakatan Harapan government which came to power last year had vowed to look into Felda’s financial troubles and alleged graft. Felda was set up to help palm oil farmers, who work for the agency, and also has a one-third stake in FGV Holdings Bhd, the world’s largest crude palm oil producer.

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