Anwar raises concerns with Prabowo over Felda's RM2 billion Eagle High stake

Prime Minister Anwar Ibrahim has initiated diplomatic correspondence with Indonesian President Prabowo Subianto concerning Felda's exposure to the Eagle High venture, signalling growing concern over the federal agency's investment portfolio. The move underscores the gravity of financial implications at stake for Malaysia's largest palm oil producer. According to Anwar's assessment, without proper management and resolution of the outstanding issues, Felda stands to lose more than RM2 billion from the venture, with recovery limited to approximately RM200 million. The prime minister's intervention suggests that negotiations at administrative level may require high-level political engagement to protect Malaysian interests. Felda's involvement in the Eagle High project represents a significant financial commitment, and the potential losses would materially impact the agency's financial position and shareholder returns. The direct communication between the two national leaders indicates both governments recognise the importance of resolving the matter expeditiously. Details regarding the specific nature of the issues affecting the venture and the precise timeline for resolution remain under discussion between the Malaysian and Indonesian administrations.