A-G’s Report: Felda says will continue to improve operational efficiency, governance

KUALA LUMPUR, — The Federal Land Development Authority (Felda) will continue to improve operational efficiency and transparent governance and optimise productivity efficiency so that the agency will remain relevant.


Referring to the Auditor General’s Report (LKAN) on the financial statements of federal agencies for 2022 tabled in the Dewan Rakyat yesterday (March 6) which showed that the agency suffered a net loss of RM1.005 billion, Felda stressed that the loss did not refer to misuse, corrupt practices and weaknesses in management governance.

Felda, in a statement today, said that the loss was due to the impact of derecognition and remeasurement of settler loans with a value of RM339.01 million to alleviate their burden.

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