This issue is not going to stand down.
I have to repeat this question. FGVH has not even been listed, a supervision of a day skeleton to give a total of RM 15,000 to each FELDA household. The cocktail gets 5k first, afterwards a mom as good as finally, junior. Where did a supervision appropriate a money? Advances from a underwriting banks? From FELDA itself?
If a income is from FELDA coffers, afterwards a FELDA folks contingency afterwards be pang from a peculiar mental illness, a name of that I do not know. But it entails, a chairman feeling jubilant receivinghis own moneybut since by an additional person.
If a income is not from a inventory exercise, it contingency come from somewhere. So for what purpose was a income given? I have pronounced it most times- Najib's a one preferred approach is to compensate his approach through. The FELDA settlers have been no exception. Moreover there have been 52 parliamentary seats to be won in FELDA areas. Sabah as good as Sarawak have been almost positively gone. FELDA is right away a a one preferred domestic bound deposit. Najib is pre-paying a seductiveness amounts.
And Najib during least knows a Malay mentality- anything since giveaway will be wiped clean. He told this once to me when I complained that FELCRA settlers longed for shares for every part of of a family when only per domicile was meant to be given. So now, he has improved upon his delivery system- RM 15k to be divided between pop, mom as good as junior. That's representing every part of of a family.
Clearly, this is a financial inducement to FELDA settlers to persuad! e them t o confirm in a particular way. Its corruption. If settlers have been since RM 15k, what about a ordinary normal villagers? FELDA settlers have been improved off than most of them. This supervision is being resourceful again. So, intelligent sons as good as daughters of discriminated villagers go back as good as discuss it your parents not to opinion for a supervision that is personification favorites.
The strange thought to list FGV came from CIMB Investment Bhd. It was also aided by Ethos Consulting as corner global coordinator. Probably now, most others have been roped in to turn corner coordinators. It'sDon Corleoneassembling a gathering of a families from New York, Nevada, Vegas to join in to share wetting their beaks.
This substantially was a source of a thought when Najib voiced someday in October 2011, that he longed for to list FGVH as good as a associated companies.
If he has complicated FELDA, he would have not agreed to a thought in a initial place. If a thought has always been a welfare of a settlers as good as FELDA employees as he claimed, a improved thought was to allow KPF to buy out FGV utterly as good as afterwards go for listing. KPF can hire a tip supervision team to run a business. FGVH is you do a same too, so managing improved is not something exclusive that can be finished only by FGVH. Moreover, if KPF has been authorised to buy out FGVH as good as gains 100% carry out of FH, a explain thatwe have been looking out for a welfare of settlers as good as FELDA employees first, would have been more credible.
The commercial operation outfit creation income for FELDA is FELDA holdings that is owned by KPF as good as FELDA (through FGV). FGV is a not as large partner of FH as good as in theory; a bigger partner offers to buy out a smaller.
FELDA a managem! ent made a visualisation as good as biased call- it adored FGV to buy KPF out instead of a alternative approach round. Now, greatfully discuss it us, formed upon that decision, that side does FELDA support? The settlers as good as employees or a corporate marauders?
The owners of FGV upon taking of a purchase total will afterwards do whatever they wish in a downstream side of a commercial operation or whatever. They can even buy shares in a FELDA Holdings. If that has happened, afterwards FELDA settlers as good as FELDA employees would have turn 100% owner of FH as good as all resources therein. Moreover, FGVH has no station to swallow up FELDA Holdings because as a commercial operation it hasn't finished well. The final dual years profits were substantially not sufficient to cover all a prior losses it incurred.
It has to plunge in to one whinging question. After a listing, where would FELDA) a primogenitor company) get income to run a business? It has to compensate employees, conduct a welfare of a settlements as good as carry out a amicable as good as domestic responsibilities. It needs about RM 3 billion a year to finance a operations. When a inventory takes place, it will be left with RM 400m a year that is not sufficient to see it through. It can of march operate from a gain it gets from offered a 49% in FH to FGVH. How most will it get? It will have to make use of a apportionment from a listings to compensate off EPF debt for example. It borrowed RM 6b from EPF a final time.And do not dont think about , it has to allot a large amount to a ministry in charge of FELDA to allow a minister in charge to play Santa Claus all over.
Probably realizing that, FELDA says it will set aside 20% of a gain from a inventory in a new car named Amanah Saham FELDA.I suspect Aamanah Saham FELDA will turn a repository of moneys deposited there (either from gain of ! a 20% sh are in FGV or from approach supervision transfers) to take care of a common income that FELDA has right away lost. From RM3b to RM400m a year. So when Isa says a Amanah Saham FELDA will make use of a dividends as good as gain it gets to distribute dividends to settlers, that explain is dubious.
We do not know either Amanah Saham FELDA will get 20% from FELDA's apportionment of a profits upfront or 20% in a form of shares in FGVH entitling it to get dividends each year later. Will that 20% equity entail getting RM 3 billion a year, we do not know. Suppose it doesn't get 3 billion, where will a shortfall come from? It will have to come from a government.If during a finish of a day, a supervision ends up carrying to contribute income in to FELDA that previously doesn't need assistance from it, doesn't this show a myopia of a government? We can even call it stupidity.
Posted by sakmongkol AK47
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