Berita Desk delivers breaking news, politics, business, sports and lifestyle coverage from Malaysia and Southeast Asia — trusted, timely and independent.
The Selangor State Development Corporation has rejected claims of substantial losses and accumulated debt, stating such allegations misrepresent its true financial condition and citing strong credit ratings.
Prime Minister Datuk Seri Anwar Ibrahim says the federal government is now carrying Felda's nearly RM1 billion annual debt obligation, stemming from administrative shortcomings over previous years.