Sunday, September 25, 2011

Felda is financially strong

KUALA LUMPUR: Felda is financially strong and has about RM8bil in shares and funds, said Prime Minister Datuk Seri Najib Tun Razak.
Najib, who sat in on Felda's management meeting yesterday, said he was pleased with the performance of the company.
“Its finances are getting stronger. Its performance is encouraging and almost all its activities have brought in profits.
“The value of its shares and Amanah Raya funds is about RM8bil in total,” he said at the Felda Hari Raya do here.
Najib said there were big plans for Felda and an announcement would be made soon.
Festive do: Najib, Isa and Deputy Minister in the Prime Minister’s Department Datuk Ahmad Maslan cutting ‘pulut kuning’ at the Felda Hari Raya do in Kuala Lumpur Tuesday. — Bernama
The focus will be on second generation Felda settlers, and housing schemes for them.
Silencing Felda critics, Najib said the scheme had come a long way and continued to thrive, adding that its community was moving towards middle-income, with those involved in palm oil and rubber earning about RM4,500 a month.
Najib also said the country was on the right development path, with the Government successfully implementing policies that gave confidence to the local and foreign community.
He cited the example of his meeting with 450 chief executive officers during the Forbes conference dinner.
Earlier, Najib witnessed the signing of a collaboration agreement between Felda's information technology arm Felda Prodata Systems Sdn Bhd and global firm Tata Consultancy Services (TCS) to develop and deliver strategic IT services and solutions for the Malaysian market.
TCS is part of the Tata Group, which is India's largest industrial conglomerate.
Both companies will jointly develop and market IT solutions and services to local, government-linked and global companies within the country.
Felda chairman Tan Sri Isa Abdul Samad said the strategic collaboration would benefit Felda as it strived to transform itself into a globally respected entity while accelerating Prodata's goal to become a national IT company.
TCS Asia-Pacific president Vish Iyer said they were excited at the power of combining the capabilities of both companies to create a full service portfolio leveraging a larger pool of local talents.

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