logo
Felda committed to strengthening plantation sector transformation

Felda committed to strengthening plantation sector transformation

Bernama
KOTA TINGGI: The Federal Land Development Authority (Felda) is continuing to take proactive steps to strengthen the nation's plantation sector transformation agenda.
Its chairman Datuk Seri Ahmad Shabery Cheek said the effort includes the implementation of the 25:23 Project. This initiative aims to increase the yield to 25 tonnes per hectare per year and achieve an oil extraction rate (OER) of 23 per cent by 2027.
He said this initiative also promotes quality, discipline, and collaboration between Felda and FGV Holdings Berhad, a major seed producer, to achieve this goal.
"FGV is a reliable seed producer and constantly enhances the quality of its seeds to achieve better yields. Felda's plantation management and the efficient operations of FGV's mills are equally important to ensure high oil extraction rates," he told reporters at the 2024 Best 25:23 Project awards ceremony at Dewan Semai Bakti Felda Lok Heng here today.
Present were FGV Holdings Berhad chairman Tan Sri Rastam Mohd Isa and Felda Johor Bahru Regional director Mohd Helmi Fakhzan Abd Wahab.
Ahmad Shabery said the event was held to recognise outstanding Felda personnel and plantation managers who have improved the productivity and quality of fresh fruit bunches. Awards were presented to individuals and top-performing plantation complexes involved in the 25:23 Project. The initiative will be expanded to 15 additional complexes.
"This reflects Felda's continued commitment to improving operational efficiency and plantation yields. As a major contributor to the global oils and fats industry, Felda and its subsidiaries are crucial in promoting sustainability, competitiveness, and the empowerment of the bumiputera economy," he said.
He also said that Felda is expanding the PMS 'Damar Berkat' operational model to reduce losses in settlers' produce, improve transaction transparency, and ensure higher income for them.
"The PMS model, successfully implemented by the Koperasi Permodalan Felda (KPF) since April, is set to be expanded following a pilot project in Bukit Damar, Lanchang, Pahang. We will soon introduce it to 11 additional locations and ultimately to over 40 areas. I hope this will be a game changer in managing palm fruits before they are sent to the mills," he said.
He added that six new PMS locations have been identified: Ijok and Nenering in Perak; Layang-Layang, Chemplak, Chemplak Barat, and Sri Ledang in Johor; and Kampung New Zealand in Pahang.
"This implementation will be guided by a comprehensive system that includes procurement, quality control of fresh fruit bunches, logistics for delivery to mills, and more competitive pricing," he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ITMAX Strikes Profit Sharing Parking Deal With MPSJ
ITMAX Strikes Profit Sharing Parking Deal With MPSJ

BusinessToday

time4 hours ago

  • BusinessToday

ITMAX Strikes Profit Sharing Parking Deal With MPSJ

ITMAX System Bhd has secured another smart parking contract through its subsidiary Selmax Sdn Bhd to operate the Selangor Intelligent Parking (SIP) system for the Subang Jaya City Council (MBSJ). Under the 10-year agreement, Selmax will manage all gazetted parking spaces within MBSJ's jurisdiction. The deal includes a revenue-sharing model, with Selmax entitled to 50% of parking-related collections and an optional five-year extension. 'We are honoured to be appointed as the SIP operator for MBSJ, marking ITMAX's strategic entry into Selangor,' said William Tan Wei Lun, Managing Director and CEO of ITMAX. 'This aligns with Selangor's Smart City agenda and reflects our commitment to building connected, efficient and sustainable urban ecosystems.' Tan said the partnership aims to enhance urban mobility and public safety while improving the overall quality of life through advanced smart city technologies. Related

Felda MD2 pineapples reach global markets, boosting settler incomes
Felda MD2 pineapples reach global markets, boosting settler incomes

The Sun

time7 hours ago

  • The Sun

Felda MD2 pineapples reach global markets, boosting settler incomes

KUALA LUMPUR: The Felda Settlers Development Programme (PPP) for MD2 pineapple cultivation has marked a significant achievement by entering international markets, directly benefiting 3,730 settlers across nine Felda schemes. Malaysia External Trade Development Corporation (MATRADE) chairman Datuk Seri Reezal Merican Naina Merican highlighted Felda's expanding role beyond oil palm, stating, 'Felda has demonstrated a strong commitment to uplifting rural communities through various high-impact projects like this, which are not solely focused on primary crops but also alternative ones that provide direct benefits to settlers and local communities.' The flag-off ceremony for the export of Felda's PPP produce was held at the Malaysia International Trade and Exhibition Centre (MITEC), with MATRADE senior board member Datuk Hazimah Zainuddin representing Reezal Merican. The PPP, a collaboration with Agrobank since 2021, covers 222 hectares in Felda schemes like Besout, Keratong, and Lembah Klau, with 10 million pineapples planted. Harvests are sold domestically at Village Grocer, Giant, and AEON Jusco, while exports reach the Middle East, Japan, and China. Trade value from MD2 pineapples and suckers has hit RM4.9 million in three years, with projections of RM18.5 million in five years. Aqina Fruits, the project operator, has engaged 40 descendants of settlers as staff, integrating modern farming techniques like IoT-based automation and drone technology. Aqina Fruits executive director Wesley Tan Seah Ging noted, 'This platform not only empowers settlers socioeconomically but also includes education, technical skills, and entrepreneurship.' - Bernama

Exclusive-Three Intel senior executives to retire amid manufacturing shake up
Exclusive-Three Intel senior executives to retire amid manufacturing shake up

The Star

time12 hours ago

  • The Star

Exclusive-Three Intel senior executives to retire amid manufacturing shake up

Intel Motherboard can be seen on display at Computex in Taipei, Taiwan June 5, 2024. REUTERS/Ann Wang/File Photo SAN FRANCISCO (Reuters) -Three senior executives in Intel's manufacturing operations are set to retire, Intel told Reuters on Thursday, as new CEO Lip-Bu Tan implements sweeping change to resuscitate the struggling U.S. chipmaker. Intel told staff on Tuesday that corporate vice presidents in the technology development group, Kaizad Mistry and Ryan Russell, would retire, as would Gary Patton, corporate vice president at its Design Technology Platform organization and a former IBM executive. Intel also discussed changes to the technology development group, which is responsible for creating manufacturing processes, said two people briefed on the matter. The chipmaker plans to reduce its manufacturing capacity planning team and cut a portion of its engineering team, the people said. Intel declined to comment on the changes. Manufacturing operations are led by former Micron Technology executive Naga Chandrasekaran, who was hired about a year ago by then-CEO Pat Gelsinger. Chandrasekaran's responsibility expanded in March as he took over technology development and manufacturing. He has since reorganized staff under him, including layoffs as part of global cutbacks. When Intel announced its quarterly financial results last week, CEO Tan, who assumed the role in March, set a goal of slashing the chipmaker's workforce to 75,000 people by year-end, a reduction of around 22%. Intel also vowed to take a more disciplined approach to manufacturing investment. Intel said its next-generation 14A manufacturing process depends on securing a new, significant customer, otherwise it could suspend or terminate development. "We're developing Intel 14A ... from the ground up in close partnership with large external customers," Tan said in a memo released with the financial results. "Going forward, our investment in Intel 14A will be based on confirmed customer commitments." Tan also told investors that Intel's 18A process could only generate a reasonable return if it is used for in-house products. Tan has debated whether to stop offering 18A technology to external customers to focus on 14A, Reuters reported in July. Intel plans to ramp to high-volume manufacturing its Panther Lake PC chips this year using its 18A manufacturing process. (Reporting by Max A. Cherney in San Francisco; Editing by Christopher Cushing)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store