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FGV lauds new govt's non-interference stance in GLCs

Bernama  |  Published:  |  Modified:

Felda Global Ventures Holdings Bhd (FGV) supports the government’s non-interference stance with regards to government-linked companies (GLCs), said its chief executive officer (CEO), Zakaria Arshad.

“We have been assured by the Council of Eminent Persons (CEP) that there will not be any more interference from politicians, moving forward,” he told reporters after giving a briefing to the CEP on the company’s overall operations and administration in Kuala Lumpur, today.

The council was also briefed by the National Felda Settlers' Children Association chairperson Mazlan Aliman, Felda’s former director-general Hanapi Suhada, Felda Investment Corporation Sdn Bhd chairperson Syed Mohamed Syed Ibrahim and Felcra Bhd CEO, Zulkarnain Md Eusope.

Commenting on his meeting with the CEP, Zakaria said they had discussed several issues, including agriculture, crude palm oil and the organisation’s operations.

“The council had asked for detailed information on what had happened, and I had explained to them the reasons for the purchase of the assets and other background information,” said Zakaria, adding that they had also discussed Felda’s purchase of shares in Indonesia’s PT Eagle High Plantations Tbk.

He said the meeting had resulted in several positive recommendations from the CEP to improve the company’s performance, including its administration and returns.

“Their recommendations were really good, but I will have to inform the board (before making any decision),” Zakaria said, adding that there was a possibility of FGV being summoned by the council again if necessary.

-- Bernama

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