Commodities

Malaysia to partially write off $2 bln in Felda farmers' loans - report

Malaysia has agreed in principle to partially write off 8.3 billion ringgit ($2 billion) in loans to farmers linked to state palm oil company Federal Land Development Authority (Felda), state news agency Bernama reported on Wednesday, citing Prime Minister Muhyiddin Yassin. ($1 = 4.1560 ringgit) (Reporting by Rozanna Latiff Editing by Ed Davies) ((rozanna.latiff@thomsonreuters.com; +61 3 9492 9423 ; Reuters Messaging: @rozlatiff on Twitter)) nK7N2JI02D

KUALA LUMPUR, July 7 (Reuters) - Malaysia has agreed in principle to partially write off 8.3 billion ringgit ($2 billion) in loans to farmers linked to state palm oil company Federal Land Development Authority (Felda), state news agency Bernama reported on Wednesday, citing Prime Minister Muhyiddin Yassin.

($1 = 4.1560 ringgit)

(Reporting by Rozanna Latiff Editing by Ed Davies)

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

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