Anwar: Govt forced to pay RM980 mil yearly to cover Felda losses
Photo: New Straits Times
NILAI: The government is paying RM980 million a year to compensate the Federal Land Development Authority for losses incurred under its previous management, Prime Minister Datuk Seri Anwar Ibrahim said.
From the original report
He said Felda was once a source of national pride, generating up to RM1 billion in annual profits and managing the world's largest plantation estate before suffering losses of about RM10 billion.
"The government has to pay RM980 million every year to compensate Felda. During the time of Taib Andak and Raja Alias, Felda made up to RM1 billion in profit.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at New Straits Times
New Straits Times
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About this story
- Source
- New Straits Times
- Originally published
- Jul 30, 2026
- Updated here
- Aug 15, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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