Anwar: Felda’s RM2.5b Eagle High Investment could shrink to RM200m
PRIME MINISTER Datuk Seri Anwar Ibrahim has singled out Felda’s troubled investment in Indonesian plantation company PT Eagle High Plantation Tbk as a major concern, warning that an investment of about RM2.5 billion could ultimately yield only around...
Prime Minister Anwar Ibrahim has raised concerns over one of Felda's investments, the RM2.5 billion deal in Indonesian plantation company PT Eagle High Plantation Tbk. Anwar says that if unresolved issues are not addressed, this investment could potentially shrink to RM200 million. Anwar had written to Indonesian President Prabowo Subianto to draw his attention to the issues surrounding this investment, which is currently being reviewed in Indonesia's Supreme Court.
He stressed that the core issue is not with Felda's managers or settlers but with the management and decisions made at the highest levels. Anwar has directed Felda to accelerate repairs and construction of new homes for its staff and has allocated RM450 million for this purpose.
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