Malaysia set to bail out Felda, another debt-laden agency

Some RM1 billion is being bandied about as an immediate injection into Felda, which is short of RM2.8 billion to meet cashflow needs.
Some RM1 billion is being bandied about as an immediate injection into Felda, which is short of RM2.8 billion to meet cashflow needs.PHOTO: BERNAMA

Billion-dollar plan will help rural Malay families with mainly oil palm plantations

Malaysia looks set to bail out yet another beleaguered government agency.

It is mulling over a RM3 billion (S$1 billion) rescue package to ease cash flow for the Federal Land Development Authority, or Felda, and the 112,635 Malay families and their descendants whose livelihoods depend on the land development scheme.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on March 29, 2019, with the headline 'Malaysia set to bail out Felda, another debt-laden agency'. Print Edition | Subscribe