Felda’s FGV urges Putrajaya to relook land lease deal | The Malaysian Insight

FGV Holdings Bhd has urged the government to prioritise discussions into the terms of its land lease agreement with Felda, saying the issue has been repeatedly raised in the past several years. – The Malaysian Insight pic, April 12, 2019.

FELDA subsidiary FGV Holdings Bhd has welcomed Putrajaya’s plans to revive the agency, but urged the government to prioritise discussions into the terms of its land lease agreement with Felda. Under current LLA terms, FGV has to pay a fixed lease payment of about RM250 million per year for 99 years starting from 2012, regardless of current crude palm oil prices.

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