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Thursday, August 6, 2015

PM Najib coaxes Felda settlers into okaying EHP purchase

Najib Razak says it is a good investment marred by certain parties who are trying to influence them into rejecting it
najib,-fgv
PUTRAJAYA: Felda Global Venture’s (FGV) intended purchase of Indonesia’s plantation giant PT Eagle High Plantations (EHP) is a move in the right direction as investment returns could be very favourable, said Prime Minister Najib Razak when speaking to 1,000 farmers today.
Persuading them to ignore certain parties who were out to influence them into believing the reverse, the PM was quoted by Malay Mail Online as saying, “Don’t let some parties influence you, make you believe what is right as wrong, what is false as truth because if we make the wrong decision (and don’t invest), it would be a missed opportunity and difficult to get back”.
Acknowledging the controversies surrounding the proposal, the PM said that nevertheless if the “right formula” was struck, there was much to profit from.
“Now we are considering Eagle High, and if we get the formula right, FGV and Felda stand to profit greatly.
“Of course we have to look into it in detail but if the price is right, then we should uphold it,” the PM said.
He also said the intended purchase of EHP was part of the government’s effort to make the agency a regional plantation powerhouse.

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