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 good 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 good as ululating Najib's virtues. I am afraid, that's premature as good as undeserving.
The premium a settler gets during a shutting upon a inventory day was 75 sen. That gives him a RM607 profit. Deduct RM200 being a loan estimate fee as good as which gives him a net distinction of RM400. Add which few amount to a advanced cheat of RM15, 000, he gets RM15, 400.
Now compare which to a comparison bumiputeras who get anything from 1 million to 5 million units of share. These people have been getting 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 skullduggery is carried out by a party which has right away turn a salesman of pornographic VCDs as good 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 angry as they right away know which a FGV inventory is nonetheless another section in a pillaging as good as sacking of a country. Worse, FELDA settlers have been used as pawns in a con-porate chess game. We goal some-more will understand of a treacherous devise to pillage a country's mercantile resources. Our economy is being manipulated by politicians as good as their crony commercial operation friends profiteering from a batch market.
Its time people turn aware, they cannot certitude this supervision any longer. It all stems from a duplicity of ! UMNO 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 revealed which he interfered in a tendering of a LRT Project servicing Ampang. He has lengthened his hand to helping his golfing partner, a owners of George Kent. This office worker is also a chairman brokering a double tracking deal which saw a stipulate snatched from China Railways to be since to China Harbors.
It's also rumored which a sure commercial operation comprador concerned in which deal, represented himself to a CCP as a chairman authorized to collect USD500 million upon behalf of a master he served.
Yet, this is a really chairman who piously speaks about transforming a country. Unfortunately he has proven to be prolonged in form as good as really 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 good as indeed a transforming resource when you have been reluctant to cut yourself free from a umbilical cords of regressive forces? You wish to usher in a new sourroundings though you put in place persons compared with a ancient regime?
Example: The man who should be pensioned off is instead finished a Chairman of PETRONAS. An UMNO retirement has been finished chairman of Bank Rakyat. The new Chief Secretary- you shall remember to cancel his employment as soon as Pakatan takes over displayed his unflinching faithfulness as good as thankfulness to people who finished him a highest supervision servant. Is his PhD legitimate or what as he does not appear equates to to act professionally to commend which he owes allegiance to a King as good as country not to UMNO.
He competence as good tender his resignation as good as join UMNO to reinstate Nor Mohd Yaakob so which a quota for this unidentifiable ethnic organisation can be maintain! ed. Is w hich a Malay, half Malay or non-Malay? No, it's superMamak.
Right from a beginning I have been writing which this FGV inventory isn't right. If a `true north' of a government's design has regularly been a welfare of a settlers, afterwards why concede a revenue generating equates to by diluting a ownership of a means? Why wasn't a alternative way turn done? Allow FELDA Holdings to buy out FGV. Because as you were to find out later, a earth shattering idea to create added value turns out to be the severe as good as aggressive 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 artistic land areas in places such as Africa as good as Indonesia. So you ask, what's so enchanting 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 government accrues wholly to a FELDA family. Better government as good as improved quality people can't be accomplished 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 practice yields them 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 stays unlisted? The same things cited can be practical equally in effect if FELDA Holdings as good as FGV remain in isolation provided they have been carried out rigorously.
The answer is if inventory is not carried out, afterwards a rentier category cannot divert a cow.
So you ask why a sett! ler gets RM600 sum when those not during all associated to FELDA have been equates to to get thousands as good 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 facilities were lengthened to FELDA settlers, they have been also equates to 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 sum distinction of RM35k. FGV's payout to them would only amount 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 cheated a settlers by creation it out which they have been seeking out for settlers' interest. The interests which it fights for have been a interests of a rentier class. These have been a people gathering 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 young kids 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 getting RM750, 000 to RM1, 000,000 upon a FGV batch they paid for regulating a same bank loans.
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