Politics · Malaysia Bureau
Anwar seeks Prabowo's help over Felda's RM2.5bn PT Eagle High loss
Prime Minister Anwar Ibrahim has formally appealed to Indonesian President Prabowo Subianto to assist in addressing massive losses incurred by Malaysia's Felda in its investment with PT Eagle High.
LSN Malaysia ·
BANGI — Prime Minister Datuk Seri Anwar Ibrahim has initiated formal diplomatic channels with Indonesian President Prabowo Subianto regarding Felda's substantial financial losses tied to its investment in PT Eagle High, sources confirmed on Wednesday.
The move reflects efforts to resolve a dispute that has resulted in losses exceeding RM2.5 billion for the Federal Land Development Authority. The appeal represents an escalation in addressing the matter through high-level bilateral engagement between the two neighbouring nations.
Felda's involvement with PT Eagle High has been a source of concern for Malaysian stakeholders, with the investment having underperformed significantly. By engaging Indonesia's leadership directly, Malaysia appears to be seeking intervention at the presidential level to explore potential remedies.
The diplomatic approach underscores the complexity of cross-border investment disputes and the importance both nations place on resolving commercial matters through official channels. Further details regarding specific outcomes or timelines for the intervention remain unclear at this stage.
Both governments maintain strong economic ties, with numerous Malaysian investments operating across Indonesia. The resolution of this matter could set precedent for handling similar cross-border investment disputes in the region.