FPDSBForest Plantation Development Sdn Bhd (Kuala Lumpur, Malaysia)
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FPDSB, which is fully owned by Malaysian Timber Industry Board, has distributed funds to three companies for the purpose of nurseries development programmes, namely Company 24, 25 and 27.
However, the auditor report stated that the objective of FPDSB establishment has been achieved.
'FPDSB's financial position is stable as it obtains management grants and development loans from the Ministry of Finance and Primary Industry Ministry for the period of 2015 to 2017 to cover its operating expenses and to finance the forest farming development programme,' the report read.