KUALA LUMPUR, July 14 – Prime Minister Datuk Seri Anwar Ibrahim has announced an additional allocation of RM100 million to the Federal Land Development Authority (Felda) to offset increased operating costs resulting from the implementation of the targeted diesel subsidy.
Anwar, who is also the Finance Minister, said that the allocation was agreed upon following discussions with Felda chairman Datuk Seri Ahmad Shabery Cheek regarding challenges faced by Felda under the new subsidy scheme.
“Is the implementation of the targeted diesel subsidy 100 per cent perfect? Ahmad Shabery raised concerns regarding Felda’s equipment reliant on diesel, after a Cabinet meeting. Therefore, I have approved an additional RM100 million allocation,” he said when officiating the Felda Settlers’ Day 2024 celebration on Sunday.
