(FMT) JULY 2 What is a many disturbing feature about this whole FGV inventory exercise? To my mind, a many unsettling feature about a inventory is it's unconscionable as well as so unjust.
The Felda settler, a romanticized vanguard of Najib's mutation plan, gets 810 units of share. They responded by singing Najib's praises. I am fearful that's premature as well as undeserving.
The reward a settler gets during a tighten of a inventory day was 75 sen. That gives him a RM607 profit. Deduct RM200 for a loan estimate fee as well as which gives him a net distinction of RM400. Add which few volume to a modernized bribe of RM15, 000, he gets RM15, 400.
Now compare which to a selected Bumiputeras who get anything from a single to 5 million units of share. These people have been removing anything from RM 750,000 to RM3.75 million.
What can u call this kind of disparity? It's usurious. And it's finished during a insistence of Umno by a plant in a form of Isa Samad.
This skulduggery is carried out by a celebration which has right away turn a peddler of racy VCDs as well as installer of dark cameras in toilets. So all Malaysians improved beware when entering toilets have sure there have been no dark cameras or else Umno will politicize a size of your penises!
Felda settlers have been increasingly indignant as they right away know which a FGV inventory is yet another section in a pillaging as well as sacking of a country. Worse, Felda settlers have been used as pawns in a "con-porate" chess game.
We hope some-more will assimilate of a treacherous devise to pillage a country's economic resources. Our manage to buy is being manipulated by politicians as well as their associate commercial operation friends profiteering from a batch market.
Its time people turn aware, they cannot trust this supervision any longer. It all stems ! from a d uplicity of Umno led government. The personality of a supervision says pompously which he intends to implement a open proposal system.
The ink hasn't dusty when he was accused of interfering in a tendering of a LRT Project servicing Ampang.
Yet, this is a really person who piously speaks about transforming a country. Unfortunately he has proven to be long in form as well as really short in substance. He has repeatedly contradicted himself so many times, which people find him to be a imitation actually.
Where have been a agents of transforming and, indeed, a transforming resource when you have been reluctant to cut yourself giveaway from a umbilical cords of regressive forces? You want to usher in a brand brand new environment though you put in place persons associated with a very old regime?
For example, a man who should be pensioned off is instead finished a chairman of Petronas.
An Umno retirement has been finished chairman of Bank Rakyat.
The brand brand new Chief Secretary, you shall remember to terminate his practice as shortly as Pakatan takes over, displayed his unflinching faithfulness as well as thankfulness to people who finished him a top supervision servant.
He does not appear means to act professionally to recognize which he owes allegiance to a King as well as country, not to Umno.
Right from a commencement I have been essay which this FGV inventory isn't right. If a `true north' of a government's design has always been a welfare of a settlers, then because compromise a income generating equates to by diluting a ownership of a means?
Why wasn't a alternative way round done? Allow Felda Holdings to buy out FGV. Because as you were to find out later, a earth-shattering idea to create combined value turns out to be a severe as well as assertive intensification of a same thing Felda Holdings has been you do all this while.
Which is, planting some-more palm oil trees by augmenting acreage! Hence expanding cultivated ! land are as in places such as Africa as well as Indonesia. So. you ask, what's so magical about you do something that's already finished improved by Felda Holdings than FGV? FGV is replicating what has been finished improved by Felda upon a own.
If you were to do that, then a benefits of improved commercial operation supervision accrues wholly to a Felda family. Better supervision as well as improved quality people can't be completed if not finished by listing? Better commercial operation operations cannot be done, unless inventory is carried out? Felda can't get credit upon a own based upon a merits? Felda has borrowed RM 6 billion from EPF.
This inventory exercise yielded how much? RM 10-11 billion which is not impossible to achieve by normal borrowing. Productivity can't be completed unless inventory is carried out?
Why can't a things cited by a sponsors of this inventory be completed even if Felda remains unlisted? The same things cited can be applied similarly effective if Felda Holdings as well as FGV sojourn in isolation provided they have been carried out rigorously.
The answer is, if inventory is not carried out, then a rentier category cannot divert a cow.
So you ask because a settler gets RM600 gross when those not during all associated to Felda have been means to get thousands as well as millions of ringgit? Those with RM 1 million worth get RM750,000. Others paid for a FGV batch with bank borrowings too.
If a same facilities were extended to Felda settlers, they have been additionally means to get some-more money. The borrowings would be wholly cumulative anyway.
The Felda settler could have gotten 50,000 units per household agreeable them a gross distinction of RM35,000. FGV's payout to them would only volume to 3.9 billion. That would be around thirty per cent of a total earnings lifted from this inventory of around RM eleven billion.
The supervision has cheated a settlers by creation it out which they have been seeking out for settler! s' inter est. The interests which it fights for have been a interests of a rentier class.
These have been a people entertainment around during a KLSE's scoreboard propelling a FGV batch to go up. It was similar to a Bingo game which day with suited people gesturing similar to lollipop licking children upon something they were happy about.
Indeed they were a lot happier lot compared to a Felda folks who exclaimed excitedly when they received a allege bribe of RM15,000 per family.
These people have been jumping with joy removing RM750, 000 to RM1, 000,000 upon a FGV batch they paid for regulating a same bank loans. sakmongkol.blogspot.com
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