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22 May 2024

Saturday, March 31, 2012

PM Najib to announce windfall for Felda settlers in May

Najib Razak said he will announce what can be described as a 'windfall' in May for Felda settlers in conjunction with the listing of Felda Global Ventures Holdings (FGVH).

najib putrajaya 280212The prime minister said he described the announcement as something that would make the settlers dumbfounded.

"How much? I will not announce it today. Just wait, we will make the announcement later," he said when addressing the people at the gathering of the ‘Leader With The Gugusan Bera Settlers’ at Felda Triang 3, near Bera today.

Also present at the event attended by more than 10,000 settlers were Pahang Menteri Besar Adnan Yaakob, Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob and Deputy Minister in the Prime Minister's Department Ahmad Maslan.

The prime minister said the announcement would be made at a mammoth gathering with the settlers in Pahang in May.
A multiple leap for Felda settlers

On the listing of FGVH in June, Najib said the government decided to list the company's shares on Bursa Malaysia to generate wealth that would eventually give direct benefits to the settlers.

"The government decided that FGVH should be listed because we want the Felda assets to generate multiplying wealth which would then be returned to the settlers," he said.

The prime minister said the listing was a multiple leap for the new millennium for Felda.

"The settlers will also receive a windfall, (but the settlers) will never imagine the quantum of the windfall," he said.

NONEIn a related development, Najib said Felda also provided an allocation of more than RM1 billion for the programme to expand the homes of Felda settlers nationwide.

"As of this year, Felda has approved RM813.8 million in loans to 25,455 Felda settlers without imposing any interest.

“In addition, Felda had increased the loan by another RM200 million to enable more settlers to get the loan to expand their houses," Najib said.

- Bernama

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