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KUALA LUMPUR: The government has pushed the “reset button” for the Federal Land Development Authority (Felda) after it agreed to waive a portion of its settlers’ debt worth RM8.3bil under a conditional loan adjustment initiative. In his inaugural Felda Day speech, Prime Minister Tan Sri Muhyiddin Yassin said the government has identified debt as one of the issues that has hindered Felda’s progress. “This debt issue must be corrected first to facilitate the process to revitalise and restart Felda. “With that, I would like to announce that in principle, the government has agreed with Felda’s proposal to dispose part of the settlers loan worth RM8.3bil via a conditional loan adjustment initiative, especially for the pioneer generation that have sacrificed their sweat and tears to enable the success of the land development programme,” he said.

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