Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/04/2019
Policy Category
Production
Policy Instrument
Production support
Description
Provided financial aid to the state-owned oil-palm agency Federal Land Development Authority (FELDA), including funds to write off debt interests for FELDAs small settlers, adding that the agency had been advised to restructure and delay part of its debt.
Notes
Media sources reported that the Government is set to provide MYR 6.23 billion (USD 1.5 billion) of financial aid to state-owned oil palm agency FELDA (Federal Land Development Authority). At the same time, the agency is expected to restructure and delay some of its debt. Reportedly, the Government also set aside MYR 2 billion (USD 0.48 billion) to write off debt interests for FELDAs small settlers.
