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Is Felda Global Really Trying to Get Better? -- Market Talk

8 Jun 2017 5:51 am
 

0551 GMT - The suspension of senior executives at Malaysian palm-oil producer Felda Global (5222.KU), followed by a government appointment to look into the matter, has analysts skeptical about whether the world's third-largest palm-plantation operator is tackling its issues or just staging a show to appease its landowners ahead of an upcoming general election. Felda Global's landowners, commonly known as settlers in Malaysia, are majority voters and command at least 25% of parliament's seats. Some of the settlers have been complaining about the firm's poor performance and delayed payments from its parent, state-owned Felda. Settler unhappiness may hurt the ruling government's chance to hold on to power, analysts have said. The election is due on or before mid-2018. (yantoultra.ngui@wsj.com ;@yantoultra)
 
 

(END) Dow Jones Newswires

June 08, 2017 01:51 ET (05:51 GMT)

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