SHAH ALAM - Lembaga Kemajuan Tanah Persekutuan (Felda) digesa tampil memberikan penjelasan terperinci berhubung pelaburannya dalam LuLu Hypermarket yang kini telah menamatkan operasi runcitnya di Malaysia.

Gesaan itu susulan laporan media pada 11 Jun lalu yang mendedahkan semua cawangan runcit LuLu telah ditutup, dengan hanya operasi borong dikekalkan.


Ahli Lembaga Pemegang Amanah Majlis Tindakan Ekonomi Melayu (MTEM), Mohammad Syahnis Salleh berkata, penutupan itu menimbulkan persoalan besar terhadap jumlah pelaburan sebenar Felda dan nilai kerugian yang ditanggung.

Menurutnya, LuLu Group sebelum ini berhasrat melabur RM1.3 bilion dalam negara dengan janji membuka 10 cawangan dalam tempoh lima tahun, namun hasilnya kini menjadi tanda tanya.

“LuLu Group sebelum ini dilaporkan berhasrat melabur sebanyak RM1.3 bilion di Malaysia dengan janji membuka 10 cawangan dalam tempoh lima tahun. Namun, hasilnya kini menimbulkan tanda tanya.

"Sebagai agensi yang memikul amanah ekonomi bumiputera, MTEM menggesa Felda tampil menjelaskan secara telus berkenaan jumlah keseluruhan pelaburan dalam LuLu Hypermarket, pulangan yang telah diterima (jika ada), serta strategi pemulihan atau pelan tindakan selepas penutupan itu,” katanya dalam kenyataan pada Jumaat.

Sebelum ini, LuLu Group menamatkan operasi semua pasar raya hiper miliknya di Malaysia, namun mengekalkan bahagian borong di negara ini, menurut laporan The Edge yang memetik jurucakap syarikat berkenaan.

Syarikat dari Emiriah Arab Bersatu itu sebelum ini menjalankan beberapa promosi dan jualan lelong di cawangannya sebelum notis penutupan operasi dipaparkan di pintu masuk cawangan pertamanya di CapSquare, Kuala Lumpur yang berkuat kuasa 9 Jun lalu.

Dalam pada itu, Mohammad Syahnis berkata, pihaknya juga menegaskan bahawa agensi kerajaan dan syarikat berkaitan kerajaan (GLC) perlu lebih fokus menyokong rangkaian peruncitan bumiputera tempatan seperti Sabasun.

“Rangkaian peruncitan ini bukan sahaja mengekalkan kekuatan ekonomi domestik, tetapi juga menyumbang secara langsung kepada pembangunan ekonomi bumiputera dan kelangsungan peniaga kecil tempatan.

“MTEM bersedia untuk berbincang bersama kerajaan dan agensi berkaitan bagi mewujudkan dasar sokongan strategik kepada pemain tempatan agar tidak terus terpinggir dalam arus pembangunan ekonomi negara,” ujarnya.

https://www.sinarharian.com.my/ampArticle/733669

SEE THE NAME IN BOLD

WHY I AM NOT SURPRISED

https://www.mstar.com.my/niaga/2014/05/20/felda-lulu

Felda Sedia Hadapi Permintaan Besar Lulu Hypermarket
Selasa, 20 Mei 2014 2:31 PM



ABU DHABI: Lembaga Kemajuan Tanah Persekutuan atau Felda, yakin mampu menyalurkan bekalan yang mencukupi dalam menghadapi permintaan besar Lulu Hypermarket, kata Pengerusinya Tan Sri Mohd Isa Samad.

Melalui kerjasama dengan Lulu Group International, pemilik 20 Lulu Hypermarket di Emiriah Arab Bersatu (UAE), membolehkan Felda menjual produk jenama Felda Best di pasar raya tersebut.

Selain membekalkan produk kepada pasaran Lulu Hypermarket di UAE, Felda juga bakal membekalkan barangannya dalam negara untuk 10 Lulu Hypermarket, yang akan dibuka di Malaysia seawal 2016.

Isa berkata kini terdapat lebih 20,000 pengusaha Felda, yang terdiri daripada kalangan peneroka, terlibat dalam pelbagai aktiviti pengeluaran.

"Sebahagian usaha mereka ini akan digabungkan dan diletakkan di bawah satu bumbung bagi menghasilkan pengeluaran secara besar-besaran. Teknologi moden akan digunakan," katanya kepada media selepas majlis menandatangani perjanjian persefahaman dengan Lulu Group International, di sini pada Isnin.

Acara itu disaksikan oleh Perdana Menteri Datuk Seri Najib Tun Razak.

Semalam, Najib yang juga Menteri Kewangan, berkata Lulu Group akan mengimport barangan dari Malaysia bernilai kira-kira US$34 juta tahun ini dan US$50 juta tahun depan.

Menurut Isa, Felda sudah membuat persediaan teratur bagi memastikan bekalan barangan mencukupi.

Katanya nilai jualan usahawan Felda meningkat setiap tahun, dan kini mencecah angka lebih RM1 juta setahun.

Isa berkata pada peringkat awal tujuh produk makanan sejuk beku jenama Felda Best sudah pun mula dijual di Lulu Hypermarket mulai bulan ini.

Name a more iconic duo...

Felda and LTH...

only moron would continue to think money fall from the skies ..

cash strapped as a result of zeorising loans and debts for the felda settlers. thought they have brain but don't know how to think

To be fair Felda arrangement back during Najib days is for their product to be placed on Lulu Hypermarket

Why they need to be responsible if Lulu gone bankrupt?

Felda involved.... Patutlah lingkup

Janji ogang kito syndrome

but wait...

https://www.coralcoastpr.com/lulu-hypermark...-abu-dhabi-uae/

FELDA confirmed its position as the land developer for the construction of the hypermarket building for the purpose of establishment of Lulu Hypermarket in Malaysia based in an agreement where Lulu will lease the hypermarket developed and constructed by FELDA on a long-term basis.

The proposed locations for the establishment of Lulu Hypermarket in Malaysia are Kota Bharu Kelantan, Bukit Katil Malacca, Ipoh Perak, Nilai Icon City Negeri Sembilan, Shah Alam Selangor and other locations are currently being surveyed. FELDA is also interested to develop other potentially strategic areas such as the Klang Valley, Johor Bharu and Penang.

"Lulu has also proposed that FELDA venture into organic farming, products of which are in high demand overseas, and this is one area FELDA will go into," Najib said.

The start-up investment for every Lulu hypermarket is around US$30 million to US$40 million (RM96 million to RM128 million), with total investment for the initial stage estimated at around US$200 million (RM640 million). The development will capitalise on FELDA's strategic land banks nationwide, with the Klang Valley as the premier entry point of the Lulu hypermarkets in Malaysia.

This post has been edited by JimbeamofNRT: Jun 14 2025, 08:29 PM

wait MACC to investigate?

is felda invested in lulu?

If you read again Lulu just leased hypermarket sites built by Felda

Again

Why Felda need to be responsible for Lulu hypermarket failure?
If you open grocery store by leasing a shop, your store failed and bankrupt, you also need to blame the building owner?

read my replies above

dunno which sohai go advice lulu to open at shamelin and ecohill semenyih

By the way Lulu Hypermarket also leased building from SP Setia in Semenyih EcoHill mall

So need to blame SP Setia also?

always nice to play with someone else's money, without a care in the world

name is important

Which lagi sohai your previous accusation

Lulu also leased lot of building from other companies like SP Setia, Cap Square and Shamelin .. not only from Felda

Still need to blame the other companies for Lulu failures also?

How about we blame any companies that leased building to Carrefour and Makro that both failed in Malaysia last time

Sohai

they actually blame the lessors who keep increasing the rental then said kenot cover the operation already

basically blame others except themselves

Amerin Balakong ?

wah... u got share in any of these business or what? oldies likeu also so easily get agitated over this kind of thing that doesnt concern you?

go eat first lah kawan. high blood pressure is real u know

Scums

at this point I also dunno lah who makan who

or actually they sama sama makan on someone's punya expenses. if rugi also no need to be accountable what

Balakong there right? who lah gave them idea on this area? no arab stay there also what

ayam tink he delulu plotek org kito felda lulu

Your last stmt korek, worst bail out and the money u know from who. Only bodo unaware, and care about brethren in the middle east, while these scums quietly songlap, and blame on you know who. Repeat. Our atok now croc tears out. Same scripts.

I think he belum dinner yet no problem lah, we all TKSS

When LGE in power ingat boleh tangkap all this corupsi people.

But PH coorperate pulak dengan all this korupsi puak to become gomen.

In the end, we rakyat kena game lol.

This post has been edited by saiga: Jun 14 2025, 08:50 PM

honestly, accountability is such a strange word here in Malaysia

taichi all out, blame others except themselves

kita semua kawan, jangan lawan

Imagine u sitting on tons of someone else money ready at your disposal ? means u have money in your hands but is not yours

the best thing to do is gip the money to your waifu to invest in birkin bags.

Nama pun LuLu.. memang LuLu la.. kena scam

Means u can use small business like beauty product timbang kati and also big international hypermarket business to do the cleaning for you

bisnis kepala sawit pon susah nak untong, apo lg ngan kadai runcit

This post has been edited by anakkk: Jun 14 2025, 09:05 PM

banyak shiok that isa pendek spent money last time like no tomorrow

recap

https://www.nst.com.my/news/2015/09/felda-a...iversify-assets

Felda arm buys London hotel to diversify assets
By Zaharah Othman - December 16, 2014 @ 12:08am

LONDON: The Federal Land Development Authority (Felda) has bought a second hotel in the British capital for £60 million (RM329.54 million) in a bid to diversify its investment assets.

The four-star Grand Plaza Kensington Hotel, bought through subsidiary Felda Investment Corp (FIC), is located at Lexham Gardens in the exclusive district of Kensington, a hot spot for tourists.

“The value of properties in the United Kingdom is always on the increase and you will never lose when you invest in properties,” said Felda chairman Tan Sri Mohd Isa Abdul Samad after the launch of the hotel yesterday.

--------

https://www.malaysiakini.com/news/471716

The 8 dodgy deals that put Felda in dire straits

1. Grand Plaza Kensington: FIC paid RM75m, got RM20,500 worth in return

Park City Grand Plaza Kensington is a hotel located in central London, which FIC claimed it purchased for 60 million pounds (RM321 million) in 2014.

In reality, the hotel was purchased for 46 million pounds (RM246 million) and the remaining 14 million pounds (RM75 million) was for the benefit of certain individuals through a structure designed to make it appear as though FIC paid 60 million pounds for the hotel.
ADS

For starters, no agreement existed between the seller of Park City Grand Plaza Kensington and FIC.

Instead, a Malaysian-owned British Virgin Islands (BVI) company, referred to as "Company I" in the White Paper, purchased the hotel for 46 million pounds on Sept 12, 2014.

Subsequently, this unnamed Malaysian then transferred the shares of Company I worth US$5,000 (RM20,500) to two FIC directors at the time for 14 million pounds on Oct 13, 2014.

The ownership of the Park City Grand Plaza Kensington (purchased for 46 million pounds) and Company I shares worth US$5,000 (purchased for 14 million pounds) was only transferred to FIC in 2015, after its name was changed to FIC London Hotel (Private Limited).

This was despite FIC claiming in its financial statement that those assets were already in its possession since 2014.

"FIC suffered 14 million pounds losses from buying Company I shares which were in the name of two former (then) FIC directors without the FIC board's approval for 14 million pounds, even though it was only worth US$5,000.

"Following the questionable purchase, FIC has lodged a report with the MACC for further investigation," it said.

Furthermore, a 2015 valuation found that the value of the Park City Grand Plaza Kensington had slid to 26 million pounds (RM139 million).

This post has been edited by JimbeamofNRT: Jun 14 2025, 09:12 PM

what if....hear ayam out, what if ...we put kelapa sawit in a birkin bag and sell at a high price?
hotdayum
andyng36

It's not so much the location. I been inside Lulu in capsquare, look worst than Giant. Sell all the product like for Arabs only and so messy. Look like 99 speedmart at bigger scale but price not cheap. 1st and last time there.

They think bangla can have Arab spending power

Not even seri kembangan there those Iraqi Iranian terrorist having such purchasing power la

[quote=Stigonboard,Jun 14 2025, 08:33 PM]
If you read again Lulu just leased hypermarket sites built by Felda

Again

Why Felda need to be responsible for Lulu hypermarket failure?
If you open grocery store by leasing a shop, your store failed and bankrupt, you also need to blame the building owner?

Felda built in anticipation of long term lease. Now linkup already who wants to lease those venues? Indirectly thy would lose .money unless they can find new tenants. With a glut of shopping center good luck. Jaguh kampong style of business kek.

Precisely accountability is not in their vocabulary because jaguh kampong never ever get fired for losing billions.

What blame card to use this time
Ah blame it on kk!

Isa Samad lmfao

Once of the most trusted names in the business world


Hahahahhahahahahahhahahahahha

I found that they are the only place in KL that sells Hummus.

Don't worry after jul got a lot of tax to cover

Dont say like that. Our justice system say he no salah. Out of jail already.

So much Moral Hazard where got enough cash to cover line.

Ah of course. Our reputable justice system that allows all crooks to go NFA or DNAA.

Of course. The absolute cream of the crop.

that's why

u mean freshly made hummus or in can hummus?

if in can hummus those small arab shops got sell

if fresh hummus u need to approach those shawarma sellers, see if they got sell or not

---

like me if I wanna buy the fresh one , Glenmarie got one arab restaurant sell em in small batch, fresh hummus



can make em by your own too actually

Tidak hairan result biz yg ada kaitan dgn Felda.

but the grassroot loves him, that's why he still here

IRL he portrayed himself as a humble fella, always belanja people around him

This post has been edited by JimbeamofNRT: Jun 15 2025, 09:48 AM

songlap?

harga brg jual lagi mahai gila mahal then grocer. lagi power the staff lebih banyak dari customer.

fella, mala mostly manage by incompetency

Sambung cari sampai dapat cina dan DAP

u see which business from their hand not end up bankrupt one

give tongkat also can lose money

genius puak
stick with ur nasi lemak ramly burger business better la, no need apply halal cert summore

Its not canned. They make it every day. It is packed in a to go plastic food container. The expiry is not even a day.

tak pe lah, nanti ado apa hal.. kito minta gomen bail je, kan senang?

This type just not made to do big biz, cb every time lose money have to be bailed out by govt, songlap?

How they have any faith in a business named Lulu…

Lulu like Carrefour previously did not understand local hypermarket scene

Lulu Hypermarket is huge in middleast

But they dont understand Malaysian market well .. even Carrefour and Tesco failed here

Even Giant also phailed

What makes them think Lulu can do better

fresh one? I know I saw aeon cold section got pre pack humus too

both also run by GLC kan :X

Where to find so 7 big bag to fit setandan kelapa sawit?

Got shares?

lulu supermarket = messy.

sometimes everything just chuck together, you need to dig inside to find it.
plus the cashier is not systematic.. no express counter.

its is a no brainer that they wont last.
my place lulu will be replaced by nsk.

but lulu supermarket in saudi is bustling with business. every weekend the lulu there is even busier than a normal market.
so many go there to buy car loads of grocery and fresh produce....

This post has been edited by kons: Jun 15 2025, 02:45 PM

To me all these big hypermarkets have one big flaw in common, they don’t sell many items which I need unlike local supermarket which I frequented.

Carrefour ( 1994-2012 in MY ) at one point used to be okay, then dunno go opened stores at weird place just like lulu.

I remembered that they opened a store at usj 19 city mall which basically a doomed mall. then kena take over by AEON BIG, after that closed the branch for good.

This post has been edited by JimbeamofNRT: Jun 15 2025, 03:36 PM

Giant at my place , their vege selection is like, really kasihan one. really pity I tell you.

one of the reason ppl come pun pasal Uncle Jack

Tesco and Carrefour is not run by glc

Like Tesco they partner with Sime Darby to lease their buildings
Sime Darby have zero say how Tesco manage their markets

Tesco also lease lot of buildings from chinese property companies also like IOI

Same like Lulu … they partner with Felda to lease their buildings and in return Lulu will park Felda products on their shelf

Felda have zero input on how this middle eastern company works

This

They only have shares in JV companies that managed the building lease

Felda have zero say how Lulu should run their hypermarket

Same like how Tesco and Carrefor bungkus last time. Giant also failed.

Anything in urban fresh is fresher than lulu, you say leh
Even the atmosphere, proper ventilated air in lulu fresh section I tak bole tahan like in wet market. Went there once, my shirt stinks never walk in the 2nd time

Lulu lol

This post has been edited by jojolicia: Jun 16 2025, 09:30 PM

“Rangkaian peruncitan ini bukan sahaja mengekalkan kekuatan ekonomi domestik, tetapi juga menyumbang secara langsung kepada pembangunan ekonomi bumiputera dan kelangsungan peniaga kecil tempatan."

FELDA is a federal govt agency, but invest money for this 1 group oni. 🤦‍♂️

Berapa felda labur jangan risau rakyat Malaysia yang type C akan tanggung kerugian dengan bayaran cukai

owh ic

nama pun lulu...there is a saying in chinese "u take me as lulu?"