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RM2 million loss in FGV daily revenue, due to manpower shortage

New Straits Times logoNew Straits Times 17/7/2017 AMIR HISYAM RASID
(File pix) Acting chairman Tan Sri Sulaiman Mahbob said the manpower shortage is eating into its cash flow and the loss could reach up to RM1 billion. (pix by ASYRAF HAMZAH) © Provided by Media Prima (File pix) Acting chairman Tan Sri Sulaiman Mahbob said the manpower shortage is eating into its cash flow and the loss could reach up to RM1 billion. (pix by ASYRAF HAMZAH)

KUALA LUMPUR: Felda Global Ventures Bhd (FGV) loses about RM2 million in revenue daily, brought about by shortage of foreign labour.

Acting chairman Tan Sri Sulaiman Mahbob said the manpower shortage is eating into its cash flow and the loss could reach up to RM1 billion.

“We are looking to address this issue as soon as possible and this has been given a top priority. As of now, Bangladesh is one of the countries that we are looking at to get the foreign workers,” he said at FGV’s Hari Raya open house here today.

Meanwhile, Sulaiman said FGV will start its domestic enquiry on group president and chief executive officer Datuk Zakaria Arshad, chief financial officer Ahmad Tifli Mohd Talha and other two intermediate staffs on July 24/.

He expects the inquiry to be concluded by August 14.

Zakaria and Tifli were given leave of absence pending a probe of a deal under Delima Oil Products Sdn Bhd, a subsidiary of FGV.

© New Straits Times Press (M) Bhd

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