News: FMYC: Waiver of 80pct loan helps Felda to gain financial flexibility

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2 comment(s). Last comment by DickyMe 2023-07-09 21:32

DickyMe

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Posted by DickyMe > 2023-07-06 12:25 | Report Abuse

80% of tax payer's money goes into smoke.

DickyMe

14,694 posts

Posted by DickyMe > 2023-07-09 21:32 | Report Abuse

Felda has been in commission for more than 40 years.
Why financial distress was not identified earlier? Why wait for it to balloon to billions?
What kind of management is that?
What financial flexibility you talking about when simple check and balances are missing for decades? It's like trusting the wolf to take care of chickens.

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