Malaysia election

Felda chief says it has recovered from troubles

Malaysian anti-corruption officials at Felda Global Ventures' HQ last June. Felda is working to move past a series of scandals that might shake the loyalty of its Malay farmers and their families, who form a huge vote bank for the ruling coalition in
Malaysian anti-corruption officials at Felda Global Ventures' HQ last June. Felda is working to move past a series of scandals that might shake the loyalty of its Malay farmers and their families, who form a huge vote bank for the ruling coalition in rural Malaysia.PHOTO: FOTOBERNAMA
Former Felda chairman Isa Samad was remanded for probes but not charged over any wrongdoing last year. Felda had a whopping RM12 billion in liabilities when he was replaced.
Former Felda chairman Isa Samad was remanded for probes but not charged over any wrongdoing last year. Felda had a whopping RM12 billion in liabilities when he was replaced.PHOTO: NEW STRAITS TIMES PRESS

But land agency will need more years before accounts show surplus, he says one year after taking the helm

Malaysia's Federal Land Development Authority (Felda) has recovered from its woes, according to its chairman Shahrir Samad after helming it for a year, saying he has seen the return of confidence of both settlers and the marketplace.

Felda is working hard to move past a series of scandals that has shocked the nation and might shake the loyalty of the government agency's Malay farmers and their families, who form a huge vote bank for the ruling coalition in rural Malaysia.

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A version of this article appeared in the print edition of The Straits Times on March 20, 2018, with the headline 'Felda chief says it has recovered from troubles'. Print Edition | Subscribe