Felda Global Ventures

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FGV Clarifies on Wall Street Journal Allegations of Abuses of Malaysian Plantations

FGV notes with disappointment the misleading report by Syed Zain Al-Mahmood “Palm Oil Migrant Workers Tell Of Abuses on Malaysian Plantations” dated 27 July 2015.

We state for the record that we had provided full responses to WSJ’s requests for information between June 3 and 17 2015, prior to the publication of the report. Subsequently, we issued a statement on the same day seeking WSJ’s cooperation in an investigation against these serious allegations. However, we did not receive any response from WSJ until today. (more…)

FGV Reports Revenue of RM7 Billion for Six Months Ended 30 June 2015

The Group records improved quarter-on-quarter performance in 2Q FY2015 compared to 1Q FY2015, but challenging second half of the year expected with bearish CPO outlook

 

KUALA LUMPUR – Felda Global Ventures Holdings Berhad (FGV) has recorded revenues of RM4.2 billion for the second quarter ended 30 June 2015 (2Q FY2015) and net profit of RM103 million. This is a turnaround from the first quarter with revenues increasing from RM2.7 billion in 1Q FY2014 by 55% to RM4.2 billion, while net profit more than tripled from RM30 million to RM103 million.

(more…)

FGV-APL conducts field day to increase awareness on best agriculture practices amongst smallholders in Sarawak

Miri, Sarawak.

Asian Plantation Limited (APL), a subsidiary of Felda Global Ventures Holdings Berhad (FGV), held a field day for smallholders surrounding its plantation and mill here to increase awareness on best agriculture practices in their respective estates. (more…)

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