CIMB to support Felda 2.0 initiative

KUALA LUMPUR: CIMB Group is ready to support the Felda 2.0 initiative by contributing to the cause through the bank's entrepreneurial development and reforestation support, chairman Datuk Seri Nazir Razak said.

“Felda (Federal Land Development Authority), in fulfilling its noble role of ensuring inclusivity and equity in Malaysia's economic development, has been an international icon for eradicating poverty and nation-building.

“As Felda 2.0 looks set to revitalise existing settlements, CIMB is delighted to step up and contribute to this cause through our entrepreneurial development and reforestation support to Felda Lurah Bilut,” he said following the launch of the Digital Valley in Felda Lurah Bilut, Bentong by Prime Minister Datuk Seri Najib Tun Razak yesterday. The initiative aims to bring a technological surge to the Felda community.

The initiative will see the upgrading of 4G and WiFi infrastructure at its land schemes.

About 6,000 settlers at Felda Lurah Bilut is expected to benefit from the transformation.

For this year, five Felda land schemes will be chosen for transformation through this initiative and another 10 next year.

Felda allocated RM10mil for the transformation of each land scheme selected, which also attracted the participation of various other agencies including the private sector. — Bernama