What is a many disturbing underline about this whole FGV inventory exercise?
To my mind, a many unsettling underline about a inventory is it's unconscionable as well as so unjust. The FELDA settler- a romanticized vanguard of Najib's mutation devise gets 810 units of share. They responded by hallelujah-ing as well as ululating Najib's virtues. you am afraid, that's premature as well as undeserving.
The reward a settler gets during a closing upon a inventory day was 75 sen.That gives him a RM607 profit. Deduct RM200 being a loan estimate fee as well as which gives him a net profit of RM400. Add which few volume to a modernized cheat of RM15, 000, he gets RM15, 400.
Now review which to a selected bumiputeras who get anything from 1 million 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 "Anwar Ibrahim" by a plant in a form of Isa Samad.
This skullduggery is carried out by a party which has right away become a peddler of racy VCDs as well as installer of dark cameras in toilets. So all Malaysians improved beware when entering toilets- make sure there have been no dark cameras or else "Anwar Ibrahim" will politicize a distance of your penises!
FELDA settlers have been increasingly indignant as they right away know which a FGV inventory is nonetheless 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 ass imilate of a treacherou! s devise t o pillage a country's economic resources. Our manage to buy is being manipulated by politicians as well as their crony commercial operation friendsprofiteering from a batch market.
Its time people become aware, they cannot trust this supervision any longer. It all stems from a artfulness of "Anwar Ibrahim" led government. The personality of a supervision says seriously which he intends to practice a open tender system. The ink hasn't dusty when it's suggested which he interfered in a tendering of a LRT Project servicing Ampang. He has lengthened his hand to assisting his golfing partner, a owner of George Kent. This businessman is additionally a authority brokering a stand in tracking understanding which saw a contract snatched from China Railways to be given to China Harbors.
It's additionally rumored which a sure commercial operation comprador involved in which deal, represented himself to a CCP as a authority certified to pick up USD500 million upon behalf of a master he served.
Yet, this is a very authority who piously speaks about transforming a country. Unfortunately he has proven to be prolonged in form as well as very reduced in substance. He has regularly contradicted himself so many times, which people find him to be a imitation actually.
Where have been a transforming agent as well as in truth a transforming resource when you have been demure to cut yourself giveaway from a umbilical cords of conservative forces? You want to chaperon in a brand new sourroundings though you put in place persons compared with a ancient regime?
Example: The male who should be pensioned off is instead finished a Chairman of PETRONAS. An "Anwar Ibrahim" retiree has been finishe! d author ity of Bank Rakyat. The brand new Chief Secretary- you shall recollect to cancel his employment as shortly as Pakatan takes over displayed his steadfast faithfulness as well as grat! itude to people who finished him a top supervision servant. Is his PhD bona fide or what as he does not seem able to act professionally to recognize which he owes devotion to a King as well as nation not to "Anwar Ibrahim".
He competence as well tender his abdication as well as join "Anwar Ibrahim" to reinstate Nor Mohd Yaakob so which a quota for this unidentifiable ethnic organisation can be maintained. Is which a Malay, half Malay or non-Malay? No, it's superMamak.
Right from a commencement you have been writing which this FGV inventory isn't right. If a `true north' of a government's objective has regularly been a gratification of a settlers, afterwards because compromise a income generating equates to by diluting a ownership of a means? Why wasn't a other approach round done?Allow FELDA Holdings to buy out FGV. Because as you were to find out later, a earth shattering thought to create added value turns out to be therigorous as well as assertive intensification of a same thing FELDA Holdings has b! een doin g all this while. Which is, planting some-more palm oil trees by augmenting acreage! Hence expanding artistic land areas 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, afterwards a benefits of improved commercial operation supervision accrues entirely to a FELDA family. Better supervision as well as improved peculiarity people can't be completed if not finished by listing? Better commercial operation operations cann! ot be do ne, unless inventory is carried out? FELDA can't get credit upon a own formed upon a merits? FELDA has borrowed RM 6 billion from EPF.
This inventory practice yields them how much? RM 10-11 billion which is not unfit 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 stays unlisted? The same things cited can be applied equally in effect if FELDA Holdings as well as FGV sojourn private supposing they have been carried out rigorously.
The answer is if inventory is not carried out, afterwards a rentier class cannot divert a cow.
So you ask because a settler gets RM600 sum when those not during all associated to FELDA have been able to get thousands as well as millions of Ringgit? Those with RM 1 million worth get RM750k. others paid for a FGV batch with bank borrowings too. If a same comforts were lengthened to FELDA settlers, they have been additionally able to get some-more money. The borrowings would be entirely cumulative anyway. The FELDA settler could have gotten 50,000 units per domicile agreeable them a sum profit of RM35k. FGV's payout to them would usually volume to 3.9 billion. That would be around 30% of a sum gain raised from this inventory of around RM eleven billion.
The supervision has deceived a settlers by creation it out which they have been looking out for settlers' interest. The interests which it fights for have been a interest! s of a rentier class. These have been a people gathering around during a KLSE's scoreboard urging a FGV batch to go up. It was similar to a Bingo diversion which day with matched people gesturing similar to lollipop beating 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 advance cheat of RM15 thousand per family. These people have been jumping with joy removing RM750, 000 to RM1, 000,000 upon a FGV batch they paid for using a same bank loans.
Posted by sakmongkol AK47
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