Felda settlers entitled to RM50k not RM15k: And why 3 instalments - what if BN loses GE-13?

Firstly, let me say which we am glad which a FELDA settlers have been during least getting something from a Felda Global Venture Holdings (FGVH) IPO. we have been visiting many FELDA communities in Bentong as well as any item in these difficult economic times benefiting good farming folks, should be distinguished as well as welcomed.

However, before a settlers go out as well as suffer themselves, a item remuneration as announced by Prime Minister Najib, must be since correct scrutiny.

The settlers need to ask dual critical questions:

1. Is a item amount of RM15,000 a satisfactory offer?; and

2. Is a item payout conditional?

Only 30% - who pockets a rest?

As partial of a IPO of FGVH, FELDA will be disposing 1.21 billion of its stream FGVH shares during RM4.65 each. From this ordering FELDA stands to have a benefit of RM5.62 billion. It is from a proceeds of a share sale which a supervision intends to have a RM15,000 item payout.

The claim by Najib which a item remuneration will come from "FELDA's own strength" is somewhat stretching a truth; it doesn't take a lot of strength to dispose shares. The total item payout to a 112,635 settlers amounts to RM1.69 billion. This proposed item payout represents a small 30% of a RM5.62 billion share sale gain.

The primary item in a IPO of FGVH is a 343,521 ha of lands owned by Felda Plantations, right! away le ased to FGVH for 99 years. Felda Plantations is owned 100% by FELDA, a settlers do not have any shares in a company.

However, FELDA was set up for a primary role of helping as well as benefiting a settlers. Therefore while settlers do not have any legal right to a lands, they have a legitimate as well as dignified entitlement to a benefits deriving from a lands. Now which these lands have been leased to FGVH, a settlers have been entitled to be compensated. The supervision acknowledges this, hence a item proposal.

RM50k as well as not RM15k, please

The supervision believes RM15,000 per household to be fair; we during PKR, beg to differ. We have been of a perspective which after factoring

(a) a franchise let as well as profit share receivable by FELDA from a lease,

(b) a FELDA post IPO 40% equity in FGVH, and

(c) satisfactory market value of a lands,

settlers should be compensated to a balance of RM50,000 each. Therefore, a settlers should be since a RM5.62 billion gained by FELDA from a share sale in totality.

By charity RM15,000, a supervision is short-changing a settlers. The touted item is thus insincere as well as exploits a settlers' miss of entrance to reliable IPO report as well as correct monetary advisory.

Worse still, a payments have been conditional

To rub salt into a wound, Najib's offer is to have three payments; meaning a payments have been conditional. The subject is redeeming upon what? Is it redeeming upon a result of GE13?

Perhaps we can benefit a little idea upon this emanate of conditionality by reminding ourselves upon how Najib operates politically. Najib is infamous for being a firm practi! tioner o f a dark domestic philosophy of "you help me, we help you".

He claims to be a transformational personality though in truth he is a ultimate transactional leader. Unfortunately, in this make a difference of a settlers' windfall, his transactional skills work to a wreckage of a settlers.

Wong Chen, PKR - Investment as well as Trade Bureau PKR

Read More @ Source

More Barisan Nasional (BN) | Pakatan Rakyat (PR) | Sociopolitics Plus |

Courtesy of Bonology.com Politically Incorrect Buzz & Buzz