The sugar producer says it has invested billions in the domestic market and is producing 2.25 million tonnes of sugar annually when domestic demand is only 1.6 million tonnes per annum.
The company recorded a profit before interest and tax of RM78 million in the first quarter of the year, a 19% decline compared with the previous corresponding period.
FGV has offered severance packages to a total of 135 employees from the two companies.
This is part of FGV's strategy to make productive use of unplanted areas that are unsuitable for oil palm and to explore additional revenue streams.
CEO Haris Fadzilah Hassan says FGV only plans to reduce 10% of the manpower cost per year.
Perdana menteri mencelah ucapan Ahli Parlimen Pontian, yang mendakwa Felda meraih keuntungan sehingga RM1.5 bilion.
The request will be included in a white paper to be introduced in Parliament tomorrow.
It says it is likely to be tabled just before the month-long sitting of Parliament, which begins on Monday and ends on April 11.
This follows the government's stand that it is considering a Felda proposal to take back more than 350,000ha of its land leased to FGV.
Penasihat ANAK, Mazlan Aliman menyarankan Felda mengambil alih pajakan tanah 320,000 hektar serta 68 kilang daripada FGV bagi mengatasi masalah aliran tunai agensi itu.
Sumber SPRM berkata, suspek itu direman bagi membantu siasatan berhubung dakwaan meminta suapan RM10,000.
The 50-year-old suspect was nabbed at a restaurant in Kajang yesterday.
The money was allegedly for the suspect to recommend extension of contract for a company carrying out international certification auditing of palm oil refineries under FGV.
Sumber berkata, suspek dipercayai menerima bayaran sebagai dorongan mengesyorkan lanjutan kontrak sebuah syarikat perkhidmatan kerja pengauditan persijilan antarabangsa untuk kilang sawit di bawah kelolaan FGV.
The plantation company had recorded a net profit of RM131 million in 2017.
He replaces Zakaria Arshad who resigned in September last year.
FGV is seeking RM7.69 mil compensation from the duo over the purchase of the luxury unit as well as abuse of company vehicle.
This follows a management shake-up that saw the departure of key executives last year.
FGV Holdings last month filed a suit against Isa Samad and 13 other former directors and senior staff to reclaim RM514 million in losses from the acquisition of a plantation.
MoU signed to explore feasibility of a joint venture to establish paper pulp production facilities using 3.47 million tonnes of EFB produced every year from FGV mills.
Lawyer Francis Pereira says the reduction in quantum from RM2 million follows the Court of Appeal's approval of a consent order.
Company claims units were bought at prices significantly above market value.
This follows findings by the Complaints Panel of the Roundtable on Sustainable Palm Oil (RSPO) that showed FGV needs to improve its employment processes.
The country's largest palm oil producer says revenue fell to RM3.19 billion.