Author Topic: FGV Tranformations Plan.  (Read 37365 times)

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  • Earl
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Re: FGV Tranformations Plan.
« Reply #50 on: February 21, 2019, 03:38:54 PM »
How ? To sell or to invest?🤣
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Re: FGV Tranformations Plan.
« Reply #51 on: February 21, 2019, 04:33:23 PM »
I surreder 1.37 cannot tahan anymore.
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Re: FGV Tranformations Plan.
« Reply #52 on: February 21, 2019, 04:54:56 PM »
Me out and no more in..
Topic closed .However got news will highlight.
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Offline john_c12

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Re: FGV Tranformations Plan.
« Reply #53 on: February 27, 2019, 11:33:02 AM »
Government handouts made many settlers too dependent on Federal Land Development Authority (Felda) loans, causing its debt to stack up and disrupt cash flow, New Straits Times reported today.

Settlers’ loans, mostly for replanting or housing, take up majority of Felda’s RM8 billion debt. The agency’s new director-general, Datuk Othman Omar, was quoted as saying that Felda turned into a “mini-bank” for settlers when palm oil or rubber income dipped.

 
Because they have no alternative revenue source, settlers took up so much debt from the loans.

“We want to restructure these debts,” he said in an interview with the English daily.

“What Felda settlers need is a hand up from the government, not constant handouts in the form of loans that shackles them into being indebted for generations.”

Felda is now relying on government assistance to fund its operations and help settlers.

Othman said restructuring of the debts is necessary and stressed that settlers need a mechanism which will see them relying less on government handouts.

Last year, Felda paid RM1.2 billion in loan interest and installment and it is expected to increase to RM1.9 billion for 2019.

To date, the amount of debt that is mutually agreed between Felda and settlers stands at RM5.5 billion, with an additional RM2 billion that has yet to be finalised, Othman said.

Othman said towards the end of 2018, Felda received approval for a RM577 million soft loan from Finance Ministry.

For the months of November and December 2018, RM77 million in loan were extended to the settlers’ as cost of living allowance.

“We are now waiting for the remaining RM500 million loan from Finance Ministry, for 2019,” he added.

Offline kenny_987

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Re: FGV Tranformations Plan.
« Reply #54 on: February 27, 2019, 12:00:54 PM »
Former prime minister Najib Abdul Razak has accused Dr Mahathir Mohamad of contributing to FGV Holding Bhd's current problems by cutting Felda funding back in 1996.

Najib said Mahathir, at the time the fourth prime minister, had forced Felda to find its own funds instead of relying on the federal government. This, Najib claimed, prevented Felda from planting new oil palm trees.

"Eventually, oil palm trees became old. When I was prime minister, the yield per hectare reduced for the first time in history. Even the welfare of Felda settlers was ignored.

"They urged me to take proactive measures, which were to borrow funds and list FGV on the stock market to finance large-scale replanting costs, and to help the welfare of settlers.

"Had I not done so, the plants would have aged and yield would have dropped, leading to Felda's possible disappearance in one or two decades," Najib wrote on Facebook.

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Re: FGV Tranformations Plan.
« Reply #55 on: March 01, 2019, 01:01:47 AM »
Former prime minister Najib Abdul Razak has accused Dr Mahathir Mohamad of contributing to FGV Holding Bhd's current problems by cutting Felda funding back in 1996.

Najib said Mahathir, at the time the fourth prime minister, had forced Felda to find its own funds instead of relying on the federal government. This, Najib claimed, prevented Felda from planting new oil palm trees.

"Eventually, oil palm trees became old. When I was prime minister, the yield per hectare reduced for the first time in history. Even the welfare of Felda settlers was ignored.

"They urged me to take proactive measures, which were to borrow funds and list FGV on the stock market to finance large-scale replanting costs, and to help the welfare of settlers.

"Had I not done so, the plants would have aged and yield would have dropped, leading to Felda's possible disappearance in one or two decades," Najib wrote on Facebook.

* too much stories.It was 1996 ??
Najis talking nonsence grandma stories to new generations.
He think everybody are ****** and does not know about Oil Palms
history and now blaming low CPO px due to the new govt.
Tell this boloh,Indonesia n other producers are not governed
by Malaysia govt but CPO px down too.

Bangsat!
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Re: FGV Tranformations Plan.
« Reply #56 on: March 01, 2019, 10:06:42 AM »
Government handouts made many settlers too dependent on Federal Land Development Authority (Felda) loans, causing its debt to stack up and disrupt cash flow, New Straits Times reported today.

Settlers’ loans, mostly for replanting or housing, take up majority of Felda’s RM8 billion debt. The agency’s new director-general, Datuk Othman Omar, was quoted as saying that Felda turned into a “mini-bank” for settlers when palm oil or rubber income dipped.

 
Because they have no alternative revenue source, settlers took up so much debt from the loans.

“We want to restructure these debts,” he said in an interview with the English daily.

“What Felda settlers need is a hand up from the government, not constant handouts in the form of loans that shackles them into being indebted for generations.”

Felda is now relying on government assistance to fund its operations and help settlers.

Othman said restructuring of the debts is necessary and stressed that settlers need a mechanism which will see them relying less on government handouts.

Last year, Felda paid RM1.2 billion in loan interest and installment and it is expected to increase to RM1.9 billion for 2019.

To date, the amount of debt that is mutually agreed between Felda and settlers stands at RM5.5 billion, with an additional RM2 billion that has yet to be finalised, Othman said.

Othman said towards the end of 2018, Felda received approval for a RM577 million soft loan from Finance Ministry.

For the months of November and December 2018, RM77 million in loan were extended to the settlers’ as cost of living allowance.

“We are now waiting for the remaining RM500 million loan from Finance Ministry, for 2019,” he added.

Gali lubang tutup lubang.
2020 will be ok.$$$
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Re: FGV Tranformations Plan.
« Reply #57 on: March 04, 2019, 10:07:58 PM »
walahhhh.

CHINA SIGN DEAL US 891 MILLION. :phew: :clap: :thumbsup: :cash:
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Re: FGV Tranformations Plan.
« Reply #58 on: March 06, 2019, 11:53:51 AM »
Looks like CEO know what 's going to happen next
🇲🇾🇲🇾🇲🇾
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Re: FGV Tranformations Plan.
« Reply #59 on: March 19, 2019, 10:09:36 AM »
KWAP has finish selling ka?
Monitor closely 🚦
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Re: FGV Tranformations Plan.
« Reply #60 on: March 20, 2019, 09:26:35 AM »
KWAP has finish selling ka?
Monitor closely 🚦


waaaa vroommmm larrr✈✈✈

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Re: FGV Tranformations Plan.
« Reply #61 on: March 20, 2019, 10:08:27 AM »
Fundmanager buying.
CPO going up soon due to Elnino.

How?
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Re: FGV Tranformations Plan.
« Reply #62 on: March 20, 2019, 11:52:18 AM »
Me boat 1.12 yeahhh...yeahhhh.
When KWASP selling missing for 1 day.It translate into a buy maa!😁😁😁
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Re: FGV Tranformations Plan.
« Reply #63 on: March 20, 2019, 07:30:57 PM »
🚦Green Light.🛫

A1♠️✈

Full 🏚  👍👍👍

☀️ 🌞

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Re: FGV Tranformations Plan.
« Reply #64 on: April 12, 2019, 03:17:39 PM »
Got good news street 55,Remember 55 ☝️true or not.?
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Re: FGV Tranformations Plan.
« Reply #65 on: April 18, 2019, 10:35:36 PM »
Run.
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