Anwar says preliminary Felda management report due next week, cites RM980 million annual subsidy
Prime Minister Datuk Seri Anwar Ibrahim announced that a preliminary report on Felda's management will be released next week and noted the government spends RM980 million each year to cover its losses.
At a Perintis Reformis Reunion Hi-Tea in Shah Alam, Anwar Ibrahim, who also holds the finance portfolio, said the upcoming preliminary report on the Federal Land Development Authority's management is expected next week. He reiterated that the state allocates RM980 million annually to offset Felda's deficits. The minister framed the report as a step toward addressing the agency's financial challenges, but gave no further details on its contents.
Why it matters
The report could shape future government support for Felda, a major state-backed agency receiving nearly a billion ringgit annually.
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