Three months into his appointment as Felda chairman, Tan Sri Shahrir Abdul Samad (pic) said that the next two years would be crucial for the government entity and its 112,000 settlers. He felt that the returns from the assets held by Felda must be improved significantly compared with what it was yielding. Towards this end, he wanted the management of public-listed Felda Global Ventures Bhd (FGV) and the Felda Investment Corp (FIC) to improve returns to their shareholders. He pointed out that Koperasi Permodalan Felda (KPF), the co-orperative owned by members and management of Felda, returns about 10% annually to its members on a fund size of RM2.5bil. Shahrir replaced Tan Sri Mohd Isa Abdul Samad as Felda chairman in January.

Source: The Star April 16, 2017 23:03 UTC