KUANTAN, Oct 29 (Bernama) -- Felda Global Ventures Holdings Bhd (FGV) is willing to invest in Mindanao, Philippines if the political situation in the region is really stable.
Felda chairman Tan Sri Mohd Isa Samad said FGV would send experts over there to make a study on the suitability of the soil and crops for cultivation.
"We have to wait as the situation there is not really stable. FGV will invest if the situation permits.
"It is among our plans to strengthen the FGV brand at global level," he told reporters after opening Felda Bukit Goh Community Transformation Roadshow here today.
Prime Minister Datuk Seri Najib Razak proposed that FGV invest in Mindanao to help the region's development after the signing of a peace framework agreement between the Philippine government and the Moro Islamic Liberation Front (MILF) on October 15.
Apart from offering training and education, Najib hopes the establishment of the Joint Committee for the Advancement of Socio-Economic Aid to Filipino Muslims (JCASAMF) can develop segments like oil palm and rubber plantation, halal industry and infrastructure.
-- BERNAMA
Good news good for investor. This will creat Malaysian economy getting stronger.
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