Malaysia’s long-praised Federal Land Development Authority, or Felda, founded in 1956 to resettle the country’s rural poor into newly reclaimed jungle areas to enable them to grow crops such as palm oil and rubber, has lost RMB1.5 billion (US$382 million) in a political deal to prop up a friend of Prime Minister Najib Razak, according to an internet news portal covering the international palm oil industry.

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