Felda has RM5.88b in outstanding government-guaranteed loans
KUALA LUMPUR: The Federal Land Development Authority's outstanding government-guaranteed loans stood at RM5.88 billion as of Sept 30, following principal repayments totalling RM3.04 billion, the Dewan Rakyat was told.
The Federal Land Development Authority (Felda) had RM5.88 billion in outstanding government-guaranteed loans as of September 30, after repaying RM3.04 billion in principal, as reported in the Dewan Rakyat. The Finance Ministry disclosed that the government had approved guarantees totaling RM9.9 billion for Felda to facilitate financing through local financial institutions and the capital market for projects, investments, and the Felda Recovery Plan.
Out of these guarantees, Felda secured RM8.92 billion in government-backed financing, with RM980 million worth of government-guaranteed sukuk yet to be issued. The ministry clarified this response to a query from Azli Yusof (PH-Shah Alam) concerning alleged misuse of public funds and updates on initiatives to recover state assets tied to financial scandals.
The ministry further explained that the government agreed to provide an annual grant of RM990 million for a decade to cover the annual principal repayments on the sukuk.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
