29-04-2025
Felda submits strategic plan, 2025-2030 roadmap to Prime Minister
Published on: Tuesday, April 29, 2025
Published on: Tue, Apr 29, 2025
By: FMT Reporters Text Size: On March 26, Prime Minister Anwar Ibrahim was reported to have given Felda a month to submit a new strategic plan and roadmap to ensure a better future for Felda settlers. PETALING JAYA: The Federal Land Development Authority (Felda) has submitted its group strategic plan and 2025-2030 roadmap to Prime Minister Anwar Ibrahim, aimed at strengthening its position as a catalyst of the national economy, especially in rural areas. Its strategic communications department said the plan had been drafted in detail through six rounds of engagement with stakeholders, with a focus on strategic initiatives in various fields, Bernama reported. 'The Felda Group management is committed to ensuring that this plan is implemented with full dedication to form an ecosystem beneficial to all stakeholders. 'This duty requires continued effort and full support from all parties to ensure the development and prosperity of Felda Group,' the authority said in a statement on Monday. The Felda Group management also expressed its commitment to implementing every strategy outlined to ensure the success of a competitive Felda. On March 26, Anwar was reported to have given Felda a month to submit a new strategic plan and roadmap to ensure a better future for Felda settlers. He said the government had been injecting nearly RM1 billion annually into Felda, which needed a 'major transformation'. Stressing that Felda's success was directly tied to Malaysia's economic prosperity, Anwar said this made it all the more crucial for the statutory body to receive 'immediate and strategic' intervention. According to the auditor-general's 2022 report, released in March last year, Felda recorded RM1 billion in losses in 2022, nearly double the RM545 million in losses recorded the year before. The auditor-general said Felda also owed RM8.66 billion to external institutions as of 2022, a slight decrease from the RM8.8 billion owed the year before. It advised Felda to chart a clear direction towards operating without further financial assistance from Putrajaya. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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