AreaMalaysia
Commodity GroupOilseeds, oils and meals
CommodityPalm oil
Date01/04/2019
Policy CategoryProduction
Policy InstrumentProduction support
DescriptionProvided 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.
NotesMedia 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.
