KUALA LUMPUR, Oct 12 (Bernama) -- The Ministry of Entrepreneur and Cooperatives Development (MECD) is implementing three strategic measures under the recovery plan for Koperasi Permodalan FELDA Malaysia Bhd (KPF) to improve the cooperative’s liquidity and resolve outstanding payments for members’ share redemptions.
Business : MECD Implements Measures To Help KPF Resolve Members' Share Redemption Issue
Parliament, Dewan Rakyat, KPF, MECD, FELDA, shares
BE Bernama 
Key points
- Deputy Minister Datuk Mohamad Alamin said the measures were being implemented through a Task Force Committee (JTF), comprising representatives from the Federal Land Development Authority (FELDA), the Malaysia Co-operative Societies Commission (SKM) and KPF, to coordinate KPF’s way forward and recovery.
- “Several monitoring and intervention measures have been implemented, including through the JTF,” he said during the question-and-answer session in the Dewan Rakyat today.
- On outstanding member share-redemption claims, he said the MECD, through SKM, closely monitored KPF’s cash flow and prioritised payments for critical and urgent cases, including those involving healthcare, education, religious affairs and court proceedings.
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