Malaysia partially writes off $ 2 billion in loans to Felda farmers – report

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KUALA LUMPUR, July 7. (Reuters)Malaysia has agreed in principle to write off a partial write-off of MYR 8.3 billion ($ 2 billion) in loans to farmers linked to the Federal Land Development Authority (Felda) state-owned palm oil company, the state news agency Bernama said Wednesday, citing Prime Minister Muhiddin Yassin. …

(1 dollar = 4.1560 ringgit)

(Reporting by Rosanna Latiff, editing by Ed Davis)

((rozanna.latiff@thomsonreuters.com; +61 3 9492 9423; Reuters Messaging: @rozlatiff on Twitter))

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