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

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

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
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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.

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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. Subscribe