Felda committed to strengthening plantation sector transformation
KOTA TINGGI: The Federal Land Development Authority (Felda) is continuing to take proactive steps to strengthen the nation's plantation sector transformation agenda.
Its chairman Datuk Seri Ahmad Shabery Cheek said the effort includes the implementation of the 25:23 Project. This initiative aims to increase the yield to 25 tonnes per hectare per year and achieve an oil extraction rate (OER) of 23 per cent by 2027.
He said this initiative also promotes quality, discipline, and collaboration between Felda and FGV Holdings Berhad, a major seed producer, to achieve this goal.
"FGV is a reliable seed producer and constantly enhances the quality of its seeds to achieve better yields. Felda's plantation management and the efficient operations of FGV's mills are equally important to ensure high oil extraction rates," he told reporters at the 2024 Best 25:23 Project awards ceremony at Dewan Semai Bakti Felda Lok Heng here today.
Present were FGV Holdings Berhad chairman Tan Sri Rastam Mohd Isa and Felda Johor Bahru Regional director Mohd Helmi Fakhzan Abd Wahab.
Ahmad Shabery said the event was held to recognise outstanding Felda personnel and plantation managers who have improved the productivity and quality of fresh fruit bunches. Awards were presented to individuals and top-performing plantation complexes involved in the 25:23 Project. The initiative will be expanded to 15 additional complexes.
"This reflects Felda's continued commitment to improving operational efficiency and plantation yields. As a major contributor to the global oils and fats industry, Felda and its subsidiaries are crucial in promoting sustainability, competitiveness, and the empowerment of the bumiputera economy," he said.
He also said that Felda is expanding the PMS 'Damar Berkat' operational model to reduce losses in settlers' produce, improve transaction transparency, and ensure higher income for them.
"The PMS model, successfully implemented by the Koperasi Permodalan Felda (KPF) since April, is set to be expanded following a pilot project in Bukit Damar, Lanchang, Pahang. We will soon introduce it to 11 additional locations and ultimately to over 40 areas. I hope this will be a game changer in managing palm fruits before they are sent to the mills," he said.
He added that six new PMS locations have been identified: Ijok and Nenering in Perak; Layang-Layang, Chemplak, Chemplak Barat, and Sri Ledang in Johor; and Kampung New Zealand in Pahang.
"This implementation will be guided by a comprehensive system that includes procurement, quality control of fresh fruit bunches, logistics for delivery to mills, and more competitive pricing," he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
17 hours ago
- The Star
Putrajaya mass running event charts 33,000 sign-ups
One of Malaysia's largest mass-participation running events will see 33,000 participants taking to the streets of Putrajaya on July 13. The race has drawn runners, aiming to cross the finish lines in the 5km, 10km, 21km and 42km courses, from more than 48 countries. 'Since our modest beginnings in 2014 with just 3,674 runners, Score Marathon has seen steady but exponential growth over the years,' said Score Sports Management chief executive officer Patricia Tan. 'Last year, over 24,253 runners participated and this year, registrations surged to 33,000, setting a new milestone,' Tan said. AIA Vitality, the health programme by AIA Malaysia, returns as presenting sponsor for the fourth straight year. 'At AIA, we are proud to support a movement that unites runners from all walks of life,' said AIA Malaysia chief marketing officer Chee Foong Wai. 'We're inspired by the spirit of this event and remain committed to supporting and championing initiatives that empower Malaysians to live healthier, longer, better lives,' Wai added. Last year, Score Marathon recycled 1,150kg of plastic, equivalent to 46,320 plastic bottles – setting a benchmark for environmentally responsible sporting events in the region. It also partnered with Pressio, a sportswear brand using bio-based yarns, as official apparel partner, while medals are crafted from recycled materials in collaboration with Natureloop. Score Marathon is supported by the Youth and Sports Ministry and certified a World Athletics Label Road Race. This recognises the full marathon as a qualifying race for the Abbott World Marathon Majors while making its affiliation with the Association of International Marathons and Distance Races official, inducting it into an elite group of globally recognised events.
Barnama
a day ago
- Barnama
Sarawak Showcases Global Clean Energy Leadership At IEW 2025
BUSINESS KUCHING, July 16 (Bernama) -- Sarawak inaugurated the sixth International Energy Week (IEW) 2025 at the Borneo Convention Centre Kuching (BCCK), reaffirming its pivotal role as a global leader in clean energy innovation amidst the worldwide shift towards sustainable energy. Held under the theme 'From Sarawak to the World: Journey to Clean Energy Leadership', IEW 2025 showcased the state's ambitious drive to spearhead the energy transition across the Asia-Pacific region and beyond. In a statement today, Informa Markets Malaysia stated that the prestigious event was officially opened by the Premier of Sarawak, Tan Sri Abang Johari Tun Openg, yesterday. Among the distinguished guests joining him were Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Datuk Seri Fadillah Yusof, and Sarawak Deputy Minister for Energy and Environmental Sustainability, Datuk Dr Hazland Abang Hipni, who is also the IEW 2025 organising chairman. In his keynote address, Abang Johari reaffirmed Sarawak's unwavering commitment to clean energy. 'By harnessing our abundant natural resources and embracing innovation, we aim to reduce carbon emissions and build a sustainable future. Our goal is to meet energy demands without compromising the environment for future generations,' he said. The premier also emphasised the critical importance of human capital development in propelling the clean energy transition. 'We need a skilled workforce in this space. This is the platform to produce technologists -- not just for energy, but also for emerging industries like aerospace,' he said, noting the broader economic impact of investing in skilled talent. IEW 2025 attracted over 400 companies and brands from 25 countries, showcasing cutting-edge technologies in renewables, hydrogen, smart grids, energy efficiency, carbon capture, utilisation, and storage (CCUS) and green infrastructure.
The Sun
2 days ago
- The Sun
Paragon Globe eyes strong growth from industrial, residential segments
PETALING JAYA: Johor-based property developer Paragon Globe Bhd is positioning itself for sustained growth in the industrial and residential sectors, supported by strategic projects and the state's buoyant economic prospects, following a record-breaking financial performance in its recently concluded financial year. For the financial year ended March 31, 2025, Paragon Globe achieved a net profit of RM105.6 million, reversing the previous year's net loss of RM1.2 million. Revenue surged to RM306.3 million from RM51 million the year before, primarily driven by strategic land disposals and robust industrial property sales. Paragon Globe executive chairman Datuk Seri Edwin Tan Pei Seng said the strong performance was largely attributable to a RM337.3 million disposal of 67.6 acres of industrial land at Desa Cemerlang to Bridge Data Centres. 'Apart from strategic land sales, we experienced high demand for industrial developments at Pekan Nenas, significantly contributing to our earnings,' he added. 'Looking ahead, our growth will be underpinned by residential launches such as Calia Residences and The Iconic at Stulang Laut, along with continued industrial projects.' Paragon Globe recently opened its flagship RM10 million PGB Experience Gallery in Johor Bahru, aimed at enhancing customer engagement and centralising sales activities across its diverse project portfolio. Tan highlighted the strategic advantage of Paragon Globe's industrial projects – Desa 27 and Desa 100 – which are ideally located to leverage the Johor-Singapore Special Economic Zone (JS-SEZ). These projects have attracted prominent multinational tenants, including Hunter Amenities International and Meiban Technologies. Despite global economic uncertainties, Tan expressed optimism about Johor's property sector, buoyed by initiatives such as the JS-SEZ and the Johor-Singapore Rapid Transit System Link. 'PGB remains committed to resilience, diversification, and sustainability, positioning ourselves to adapt swiftly and effectively to market changes,' Tan said. On shareholder returns, he said the company was actively reviewing its capital allocation strategy, including the possible introduction of a structured dividend policy, balancing prudent reinvestments with shareholder rewards. 'Despite global economic uncertainties, we remain optimistic about Johor's property market outlook, driven by sustained regional growth initiatives. PGB remains committed to resilience, diversification, and sustainability, positioning ourselves to adapt swiftly and effectively to market changes,' concluded Tan.
