It's to boost Felda's investment, business: PM
Published on: Friday, January 20, 2017
Kuala Lumpur: Felda Investment Corporation Sdn Bhd's (FIC) restructuring plan is part of the government's efforts to strengthen the business and investment arm of Felda, said Datuk Seri Najib Tun Razak. "Felda Chairman Tan Sri Shahrir Abdul Samad's move to revamp the FIC Board of Directors is in line with that goal. "I believe that other efforts will be made to ensure that Felda's business continues to grow and record profit in order to provide more benefits to the settlers," the prime minister said in a post on his official blog NajibRazak.com Thursday.
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FIC, a subsidiary of Felda (the Federal Land Development Authority), is principally involved in the areas of property development, hospitality and strategic investments. The company focuses on strategic businesses via acquisitions or collaborations. Stay up-to-date by following Daily Express’s Telegram channel.
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