Felda's financial restructuring a great relief, say settlers

The government’s move to restructure Felda’s loans will be able to improve the agency’s cash flow, thereby greatly benefiting the welfare and wellbeing of the settlers, said a settlers’ group.

Sulong Jamil Mohamed Shariff, the head of Peneroka Kebangsaan, said efforts made through the agreement involving the government’s guarantee, which involved the reduction in the principal of Felda’s debt by RM7.9 billion, also injected enthusiasm into the new generation of Felda settlers.

This is because, he said...