The Felda Global Venture issue as well as democracy underneath Umno have many similarities, says the former Umno Pahang assemblyman.
COMMENT
What has the Felda Global Venture (FGV) issue got to do with the state of democracy in the nation underneath Umno? The FGV inventory simply illustrates which special seductiveness groups in this nation determine the democracy instead of the wishes of the majority.
The inventory of FGV has more to do with the bulletin of the moneyed category than the bulletin of the no-money settler class.
Settlers as well as employees got 200.6 million of the 2188.9 million shares to be sold.
The people representing the infancy as well as overriding seductiveness have been the settlers as well as the employees. There have been 112,635 settlers as well as 3835 employees.
They represent directly the seductiveness of Felda people. They have been the infancy upon whose backs as well as upon whose name, this inventory was ostensible to be done for as well as benefits meant.
My questions to the Felda people is this: Why get usually 200.6 million out of the 2.188 billion shares offered? Why own the same from the 3.6482 billion of the lengthened share capital?
That's usually 5.5% of the seductiveness in Felda.
What Prime Minister Najib Tun Razak as well as the supervision have been you do to you is usually cosmetics.
Because you have been 116,470 strong, you have been bribed with RM15,000, RM380 duit raya, 810 shares worth RM3685 at inventory as well as your sons' as well as daughters' PTPTN have been being paid by the supervision usin! g money which belongs to YOU.
Najib will do anything to keep you corralled as well as dependant to the heroin of handouts.
Who have been the "people"?
The same is happening to the state of democracy underneath Umno.
The same is happening to the state of democracy underneath Umno.
This country's destiny is being determined by special seductiveness groups who have been self-selected as well as flower upon the singular selected issue.
When the FGV shares rose up to nearby RM6 per unit, everyone said which was the covenant of the certainty people have with FGV.
But who have been these "people" exactly?
The "people" the nebulous as well as misty term which could be infused with whatever definition the single wishes refers to the various state governments which were asked to buy the shares as well as the various government-linked companies (GLCs) which Najib destined to buy FGV's stocks.
More important, these "people" have been really the moneyed as well as special seductiveness groups.
And of course, Najib alone represents the "people" as well as naturally he wasn't bashful to pat his own back. He must now be an achieved contortionist.
Now which the share cost has gone down tremendously, everyone who previously jumped up as well as down, have been observant which it is the normal march in share trading.
Going down is partial of the normal course, though starting up is taken to mean much more?
Our take is this starting by the logic of the infancy of us with usually diseased propagandize certificates the rebate in price, must be covenant to miss of confidence.
FGV's bad record
If the trending is more downwards than upwards, afterwards miss of certainty is the stronger force.
If the trending is more downwards than upwards, afterwards miss of certainty is the stronger force. We have been not assured FGV will take settlers brand brand new heights nor have been you assured Najib, Umno as well as BN can take the nation to brand brand new heights.
Najib's usually plan in economics is to give out money, here, there as well as everywhere.
Right from the beginning, the inventory of FGVH as well as the choice of the vehicle for inventory of Felda's commercial operation seductiveness was questionable.
For the start, there weren't any settlers' representative upon the board.
FGV does commercial operation often overseas. Its commercial operation record was far from great or amply great sufficient to inspire certainty which it can bring Felda to brand brand new heights.
It incurred successive waste in the commercial operation most of the time as well as usually made fantastic rebound upon the increase impending the inventory date.
Most of the increase came from the portion it owns in Felda Holdings which is anchored in the section as well as trebuchet business- planting of palm oil trees as well as selling CPO to the world.
It wasn't you do anything bordering upon rocket science which seems to be elite by FGV.
The writer is the former Umno state representative though has now joined DAP. He is the FMT columnist.
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