09 May 2012
Felda has approved RM813.8 million in loans to 25,455 Felda settlers without imposing any interest as of this year and the loans are increased by another RM 200 million to enable more settlers to get the loan to expand their houses - Prime Minister Datuk Seri Najib Tun Razak
On 1 April 2012, Datuk Seri Najib Tun 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).
The Prime Minister said he described the announcement as something that would make the settler 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 here yesterday.
Also present at the event attended by more than 10,000 settlers were Pahang Menteri Besar Datuk Seri Adnan Yaakob, Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob and Deputy Minister in the Prime Minister’s Department Datuk Ahmad Maslan.
The Prime Minister said the announcement would be made at a mammoth gathering with the settlers in Pahang in May.
On the listing of FGVH in June, Najib said the government decided to list the company’s shares on Bursa Malaysia to generate multiplying 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.
In 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
Source: www.theborneopost.com posted on 1 April 2012