'Felda's losses could have built homes for settlers'
The losses sustained by the Federal Land Development Authority (Felda) could have been used to build homes for second generation settlers, said PKR's Sikamat assemblyperson Aminuddin Harun.
Deputy Minister in the Prime Minister's Department Razali Ibrahim yesterday told Parliament there was unrealised losses of RM1.21 billion from Felda's 33.8 percent stake in Felda Global Ventures Bhd (FGV), but this is recorded as investment because FGV is an associate company.
"If not for these losses, perhaps the second generation settlers' homes could already be enjoyed in Felda, especially in Negri Sembilan where settlers can only see sign boards staked in the lead up to elections," Aminuddin said in a statement...
Keep Malaysiakini independent!
Malaysiakini will be 18 this year. That we’ve survived this long is because of you.
Your support matters. A lot. Especially those who pay RM150 annually, RM288 biennially or RM388 triennially to keep Malaysiakini independent from government influence and corporate interests. Advertising alone will not keep Malaysiakini afloat.
Together, we’ve gone far. We’ve covered three prime ministers, four general elections, five Bersih rallies, and countless scandals. But the journey continues.
Help us deliver news and views that matter to Malaysians. Help us make a difference for Malaysia.