Prime Minister Anwar Ibrahim announced that the government will channel up to RM1 billion a year, for the next 10 years, to Felda as part of the agency's debt restructuring efforts.

Addressing thousands of settlers gathered for the annual Felda Settlers Day celebration, Anwar said the allocation will be used to continue repayment of Felda’s sukuk debt that had been previously deferred.

"Today, with support from the cabinet, I announce that I have approved...