KUALA LUMPUR — Dec. 18, 2018: The Federal Land Development Authority or Felda, which is undergoing a transformation, has identified 31 initiatives to be implemented over three phases, with each phase taking eight months.
The first phase is to create momentum and early wins, the second on expanding and growing results, while the third is to deliver and build capabilities.
Every effort is being made to ensure that these phases can run concurrently to expedite the turnaround, Felda said in a statement today.
Among the initiatives being implemented include enhancing the loan management services of settlers to tackle issues raised by the settlers so that a better and more transparent system can be established. An initiative to address settlers’ land inheritance issue is also being implemented.
Thirty per cent of 112,635 settler families are facing inheritance issue while another 58 per cent will face similar issues soon, considering the rising age of settlers. In this respect, the agency believes that long-term solutions must be achieved to ensure smooth ownership transfer and the welfare of the settler community as a whole.
Other initiatives involved the reorganisation of Felda and identifying a long-term sustainability model for the group.
The 31 strategic are in line with the Strategic Intents approved by the board to meet the aspirations of becoming the nation’s leading plantation manager, ensuring financial sustainability, having talented leadership and attaining community well-being sustainably.
The board has also approved Felda’s budget for 2019, which sees a reduction of 23 per cent compared with 2018. — Bernama