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Niaga SPOTLIGHT: Reforming FELDA

Niaga SPOTLIGHT: Reforming FELDA

Felda is facing dire financial strains, recording RM1 billion in losses in 2022, nearly double the RM 545 million in losses recorded the year before, according to the recently released auditor-general’s 2022 report.

Felda has been advised to chart a clear direction towards operating without further financial assistance from Putrajaya, having received RM200 million in grants in 2022 and RM342 million in 2021.

This Niaga Spotlight discussion looks at viable strategies for reforming FELDA and ensuring independent operation in the near future.

Fri Apr 05 2024
AG's report: Gov't could potentially lose RM24.45 mln due to weaknesses in Railway Asset Corporation's collection

AG's report: Gov't could potentially lose RM24.45 mln due to weaknesses in Railway Asset Corporation's collection

The loss included rental amounts of RM12.67 mln and RM170,474 which were not collected according to agreements and rental offer letters.
Tue Oct 10 2023
RM37 million in social obligation funds not received by MAFI - Audit

RM37 million in social obligation funds not received by MAFI - Audit

According to the report, this happened as a result of the weaknesses of MAFI's monitoring of the concession agreement's terms.
Thu Feb 16 2023
Audit: KKDW top management instructed to take immediate action - Ahmad Zahid

Audit: KKDW top management instructed to take immediate action - Ahmad Zahid

The top management of KKDW has been instructed to take immediate action on the recent findings of the Auditor General's Report 2021.
Thu Jan 19 2023
PM wants Cabinet ministers to look into issues raised in Auditor-General's Report 2021

PM wants Cabinet ministers to look into issues raised in Auditor-General's Report 2021

Anwar said the Audit Department will announce the report at the time they deemed fit and will table it in the next Parliament session.
Wed Jan 18 2023
There is basis for sharp increase in govt debt - Auditor-General

There is basis for sharp increase in govt debt - Auditor-General

The federal government debt in 2021 stood at RM979.81 billion, an increase of RM100 billion in 2020, giving a ratio to GDP of 63.4 pct.
Thu Oct 06 2022
Federal govt's financial statements for 2021 satisfactory - Auditor-General

Federal govt's financial statements for 2021 satisfactory - Auditor-General

Nik Azman said the gross loan receipts amounting to RM217.20 bln have resulted an increase in the federal debt to 63.4 pct to GDP in 2021.
Thu Oct 06 2022
Auditor-General's Report 2021 tabled in Parliament today

Auditor-General's Report 2021 tabled in Parliament today

The Auditor-General's Report (LKAN) on the financial statements of the federal government, state governments and state agencies for the year 2021 was tabled in the Dewan Rakyat today.
Thu Oct 06 2022
Court: Ex-Auditor General 'shocked' on orders to amend, destroy original copy of 1MDB report

Court: Ex-Auditor General 'shocked' on orders to amend, destroy original copy of 1MDB report

Former auditor-general Dr Madinah Mohamad told the High Court that she was 'shocked' upon learning that the original copy of the 1MDB Audit Report was ordered to be amended and destroyed.
Wed Mar 30 2022
Audit: Sabah railway upgrade not implemented efficiently

Audit: Sabah railway upgrade not implemented efficiently

The railway upgrading project in Sabah has not been implemented efficiently and effectively resulting in its late completion, according to the Auditor General's Report (LKAN) 2020 Series 1.
Tue Mar 22 2022
PAC to hold special meeting on cases of wastage reported in LKAN 2020 Series 1

PAC to hold special meeting on cases of wastage reported in LKAN 2020 Series 1

The parliamentary Public Accounts Committee (PAC) will hold a special meeting to study several cases of wastage reported in the Auditor-General's Report (LKAN) 2020 Series 1 which was released today.
Tue Mar 22 2022
A-G Report: LTAT did not return RM695 mln in govt contribution to Consolidated Fund

A-G Report: LTAT did not return RM695 mln in govt contribution to Consolidated Fund

LTAT has not returned government contributions amounting to RM695.05 million to the Consolidated Fund as stated in paragraph 9(3)(C) Act 101.
Tue Mar 22 2022
Federal Court allows portion of Auditor-General's report to be used in Taman Rimba Kiara appeal

Federal Court allows portion of Auditor-General's report to be used in Taman Rimba Kiara appeal

Residents of Taman Tun Dr Ismail are allowed to refer to the second series of the auditor-general's report 2019 and the addendum of the Kuala Lumpur City Plan in the appeals brought by DBKL.
Wed Jan 19 2022
I did not destroy the original copy of 1MDB report, says former Auditor-General

I did not destroy the original copy of 1MDB report, says former Auditor-General

Madinah decided not to destroy the report after being informed that there were two versions of the report.
Wed Dec 22 2021
A-G report: Eight borrowers with outstanding RM522 mln debt received write-off approval in 2020

A-G report: Eight borrowers with outstanding RM522 mln debt received write-off approval in 2020

Eight borrowers with outstanding loans totalling RM522.37 million got approval for a write-off in 2020.
Thu Oct 28 2021
KL City dalam kumpulan maut Kejuaraan Kelab Asia Tenggara

KL City dalam kumpulan maut Kejuaraan Kelab Asia Tenggara

Kuala Lumpur City FC berada dalam 'kumpulan maut' apabila diundi dalam Kumpulan B bersama juara Liga Thailand 2022/2023, Buriram United FC, pada Kejuaraan Kelab Asia Tenggara 2024/2025.
Thu May 09 2024
Thailand ambil langkah lebih tegas terhadap penggunaan kanabis

Thailand ambil langkah lebih tegas terhadap penggunaan kanabis

Srettha Thavisin berkata bahawa masalah dadah adalah agenda nasional yang memerlukan kerjasama semua agensi untuk membanterasnya.
Thu May 09 2024
Malaysia tidak sokong kegiatan, pembiayaan kumpulan pengganas

Malaysia tidak sokong kegiatan, pembiayaan kumpulan pengganas

KDN memahami kebimbangan disuarakan AS berhubung dakwaan wujudnya aktiviti penyaluran dana kepada kumpulan pengganas di negara ini.
Thu May 09 2024
Kaji semula had minimum dasar tukaran asing pengeksport bagi kukuhkan ringgit - DPMM

Kaji semula had minimum dasar tukaran asing pengeksport bagi kukuhkan ringgit - DPMM

Nilai eksport negara yang melebihi RM100 bilion setiap bulan adalah satu jumlah besar yang sepatutnya memberi kelebihan kepada permintaan ringgit.
Thu May 09 2024
'Jawatan TPM dari Sabah, kita tunggu PRU16 nanti' - Ahmad Zahid

'Jawatan TPM dari Sabah, kita tunggu PRU16 nanti' - Ahmad Zahid

Jawatan Timbalan Perdana Menteri yang diberikan kepada Datuk Seri Fadillah Yusof bukan sahaja mewakili Sarawak tetapi portfolio itu adalah untuk mengkordinasikan semua program di Sabah.
Thu May 09 2024
Tiga ahli Geng Bacin direman tujuh hari bantu siasatan samun tiga kedai

Tiga ahli Geng Bacin direman tujuh hari bantu siasatan samun tiga kedai

Tiga anggota Geng Bacin direman tujuh hari bermula hari ini bagi membantu siasatan berkaitan tiga kes rompakan sekitar Melaka Tengah pada Isnin dan Selasa lepas.
Thu May 09 2024
AWANI Ringkas: MFL umum Piala Sumbangsih dibatalkan

AWANI Ringkas: MFL umum Piala Sumbangsih dibatalkan

Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
Thu May 09 2024
Kementerian Komunikasi kerjasama dengan Meta bangunkan WhatsApp Chatbot, perangi berita palsu

Kementerian Komunikasi kerjasama dengan Meta bangunkan WhatsApp Chatbot, perangi berita palsu

Kemudahan itu berperanan sebagai platform bagi semakan kesahihan fakta dan maklumat oleh pengguna terhadap sebarang mesej yang disebarkan.
Thu May 09 2024
Pemerkasaan bahasa Melayu, Inggeris perlu seiring - Fadhlina

Pemerkasaan bahasa Melayu, Inggeris perlu seiring - Fadhlina

Pemerkasaan Bahasa Melayu harus seiring dengan pengukuhan Bahasa Inggeris sebagai bahasa kedua agar kedua-duanya tidak dipinggirkan.
Thu May 09 2024
Prasarana diarah buat kajian kawasan jajaran rel berisiko pokok tumbang

Prasarana diarah buat kajian kawasan jajaran rel berisiko pokok tumbang

MOT mengarahkan Prasarana supaya menjalankan kajian mendalam kawasan berisiko berlakunya insiden pokok tumbang di sepanjang laluan rel.
Thu May 09 2024