Govt waiver on settlers’ loans has severely impacted Felda’s cash flow FMTNews
PETALING JAYA: The RM8.3 billion in waiver of a portion of settlers’ loans has had a major impact on Felda’s cash flow.Felda had in 2021 waived a significant portion of its settlers’ loans, amounting to RM8.3 billion, from a total of RM12.1 billion.
Idris was responding to law and institutional reform minister Azalina Othman Said’s written reply in Parliament that the government is putting a halt to the initiative, which was started by former prime minister Muhyiddin Yassin’s administration. Such collections from the settlers are expected to make up 10.8% of Felda’s total revenue for 2023, she said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Govt halts Muhyiddin administration's waiver of RM8.3bil in Felda settlers’ loansPETALING JAYA: The government is putting a halt to an initiative started by former prime minister Muhyiddin Yassin’s administration in abolishing a portion of Felda settler’s loans amounting to RM8.3 billion.
Read more »
Waiver of settlers' loans impacted Felda's cash flow - Idris'Repayment to continue to ensure Felda's survival.'
Read more »
Waiver of settlers' loans impacted Felda's cash flow, says IdrisKUALA LUMPUR: The waiver of Felda settlers’ loans worth some RM8.3bil completed in 2021 has had a major impact on Felda's cash flow.
Read more »
Pelupusan hutang beri impak besar kepada aliran tunai Felda - IdrisPelupusan yang dilaksanakan pada tahun 2021 telah memberi impak yang besar kepada aliran tunai Felda - Idris
Read more »
Felda perlu ambil tanggungjawab hutang peneroka RM10.375 bilion“Apabila peneroka menandatangani perjanjian enam muka surat persetujuan pelupusan hutang, maka peneroka secara tidak langsung mengakui jumlah hutang yang dinyatakan oleh kerajaan.'
Read more »