FELDA : The smell of easy money? (Part 1)
December 16, 2011 by Dr R@28
- Until Perkasa demonstrated against Dato’ Dzulkifli Abd Wahab, I paid very little attention in issues surrounding Felda. Perkasa action forces to me to interview prominent people, read about the subject matter and understand the issues surrounding the organization. Now I know the game plan of the politician. For certainty, the settlers will ultimately be the losers if BN is allowed to rule in the next 5 years, as it appears that they have made their mind on what they want and how they want it to be done. Clearly, the best interest of the settlers is the last thing on the mind of the politicians. To understand the whole issue, one need to understand the structure and the personalities behind Felda.
- First we have the authority that is called FELDA (Federal Land Development Authority). This is a Malaysian government agency handling the resettlement of rural poor into newly developed areas. It focuses on opening smallholder farms growing cash crops. In the early days, the various resettlements created were made in the form of cooperatives where the settlers do not own the land but own shares in the cooperative. The cooperative, Koperasi Felda (KPS) is the landowner. The scheme change at a later date when settlers insist that they are should be the owners of the land that they had toiled. The office bearers of KPS must be settlers or children of settlers. That is part of the organization charter.
- On the 6th September 1995, Felda Holdings was incorporated and it became a public company on 3rd October 2003. Under the incorporation arrangement, the cooperative became an investment agency for the settlers. It owns 51% of Felda Holdings. The cooperative is now known as Koperasi Permodalan Felda (KPF). The balance 49% is owned by Felda Global Ventures, a company that is owned by the FELDA, the Authority. The whole structure appears to be confusing because everything from the authority to the cooperatives and the holding is called Felda. The line separating them is very vague.
- Felda Holdings Bhd is a holding company established on 6th September 1995. Its principal activities mainly in oil palm plantations, palm oil downstream business, manufacturing and services. It managing over 550,000 hectares of land belonging to settlers. It provides technical advisory and support services for all the Felda Group’s agricultural pursuits. In total this involves some 300 estates, 70 palm oil mills, 7 refineries, 4 kernel crushing plants, 13 rubber factories, manufacturing plants and several logistic and bulking installations situated throughout Malaysia and in various locations overseas.
- With ONE aim, Pak Lah moved FELDA Authority and KPS under the PM department. Najib was given the responsibility to supervise the whole operations. In 2011, Isa Samad was made the chairman of FELDA Authority and Felda Holdings. Since there is a strong opposition in KPF, Isa Samad wants to control KPF by being the chairman of KPF. Using the power of Minister under the Coop Act, Isa Samad was made the Chairman despite not meeting KPF organization charter. With this, gradually Felda, as we know it will disappear forever. I will write more about the deceiving plan in the next post? It would be about money!

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the main target here is money – the money they desperately need to finance their election. 1st they rip of settlers of their land.. and their right., and while going to IPO’s.. and after listing.. they will sell-off the counter while it is still hot on the Bursa malaysia – and guess what? – there will be willing buyer – in form of all your retirement money – yes – it come from EPF, KWAP (kumpulan wang amanah pencen).. > these 2 kitty fund will buy the share at highest price! and the fat bas@#$@d will run away happily to the bank with the money..!
all rakyat – from settlers, to private and govt pensioners will be cheated big time!
wait till economic downturn – when the price drop to the lowest.. you will see .. temasek..or china sovereign fund buying into felda.., slowly bit by bit.. until it become 1 of the biggest shareholder..
now. if this information can be translated into graphical flow.. it would be good.. to explain to all those uneducated felda settlers and layman on the street.
Dr,
I did a thesis 20+ years ago on the FELDA land ownership system.
Your explanation is inaccurate as to the relationship between the cooperative land ownership system and Koperasi FELDA Berhad.
You may wish to check your facts.
Do send me a copy of your thesis! I am clear on land ownership. Maybe your thesis can help me to write more clearly.
Observer,
20 odd years is too bloody long …your thesis can go to the drain…, just like the fresh water prawns project around the District of Sabak Bernam ..which all went Bust.
You can never be a smart ass always…, Doc…so…, but this guy takes the trouble.., unlike us.
You got my point..?
Reply…If you need more clarifications..?
ellesse
bring it on with your analysis and see how felda settlers gain.
if FGV is so good, it wouldnt have lost so much money, aint it? where’s EPF RM6.0b loan.
Meek
didnt know patrol vessels come with a hotel. Must be 6-star and furnished by UMNOputra contractor.
Doc,
A simplified…., money making device mooted by a Indian mamak to hood wink the STUPID MALAYS in FELDA.
If at all the rest can buy into the picture..!
Doc,
Before your readers digest …what you wrote and you expect their sincere views….they should first take stock of this email ..I received…, most would have.., then we can comment in tangent..!
The issues co relate….if we know what we are talking…!
2 futher views on the 2011 UMNO General Assembly
I like AK47 exposition on current political views esp when he once was an UMNO DUN. As usual morons attending the GA will try to outdo each other to gain recognition and hoping for political mileage instead of tackling the real issues. Just look at them all well fed, obsese, and high risk of heart attack and still claiming that 30% share of the nation’s wealth has not been achieved after 54 years. It was not achieved simply because the wealth goes to these morons by virtue of corruption and cronyism incalcuated by the mamak.
2 futher views on the 2011 UMNO General Assembly
My friend Walla has written some pertinent comments. As usual, anyone who knows Walla personally is always impressed with his rapier sharp intellect. For the benefit of my readers, I reproduced here, Walla’s comments.
I think Sak has written a great piece here – an outpouring from the heart straight from the mind. His are the things the Umno GA 2011 should have deliberated instead of spewing nonsense and hatred bereft of intelligence, integrity and standard and also insulting on the grace of our Malays.
If anything, Umno has shown not just our rakyat but also the whole world how low-class are their delegates. Just wait for another set of wikileaks to reinforce the conclusion.
Even others with third-world mentalities will be embarrassed – because here we have the extremely well-fed and well-dressed talking cock and expecting the rakyat to agree with them just because they are on stage punching their fists, putting on their false and hawing show, and creating yet another bogeyman to channel attention away from their corruptions and abuse of power that continue to form the bulwark of issues that is destroying the future of the young. Incidentally this deflection tactic is a hallmark of that black mamba cobra.
Just think of it – three thousand empty-headed and self-deluded hyenas and jokers wanting to run this country of 28 million for another five years in the same way they have been running it into the ground all the past years, and then asking to be trusted and supported again so that they can whip up another opiate of spin while ripping off the rakyat who will have to settle for an economy with a rm400 plus Billion debt that will grow unabated because in his calculations Keynes couldn’t imagine the rapaciousness and gross stupidity of an animal called Umno.
Why didn’t a single Umno delegate tell Najib that politics is not a game so how can he talk about game-changer?
And if in responding to his call to Umno leaders to “do the right thing” by resigning as unwinnable candidates they were to tell him “you first, show the way”, will his answer be any different from that by Mahathir in the twenty-two years he had messed up the institutions while holding on to his seat and spinning about bersih cekap dan amanah?
Why didn’t a single Umno delegate ask Muhyiddin whether Nazri would have labelled his speech ‘racist’ eight times and call for his immediate censure in parliament? And if he cannot answer that, why didn’t a single Umno delegate ask Muhyiddin about Mohamed Rahmat’s exposure that Mahathir’s cronies tried to acquire villagers land at 80 sen psf so that they could resell at 1,780 sen psf for the Second Link – in Johor? (http://is.gd/HtOsts)
why didn’t a single Umno delegate ask Nazri whether he agrees with his PDRM saying the lawyers march to parliament was illegal when the last one checked, lawyers are the ones defining what is legal for the police?
Why didn’t a single Umno delegate ask Shahrizat how she can wear the tudung and look pious comforting women but evade an explanation how her family can get such a large grant in all but name out of the rakyats’ pocket so that they can spend on condos, land, limousine and trips, presumably everything needed to breed cows so that the rakyat won’t have to think it’s all karma from beheading one cow in Shah Alam?
Why didn’t a single Umno delegate ask Khairy why he is still trying to bullshit his way through? Let’s not waste any more time on this kid with an attitude unbefitting a youth leader, let alone that of a future prime minister, unless the entry requirements sink below those required to be a juvenile smart alec.
And, why didn’t a single Umno delegate ask one Mr. cyber magoo somewhere here what did he mean by saying “Umno’s back in business”?
Isn’t that revealing too much of the real standard operating procedure of Umno – all for one, but one for money, power, privileges and double standards? Add diamonds, hermes bags, cayennes, lusty travels overseas and what not, and you can say it will be easier to push a camel through the eye of a needle enroute to heaven.
The frivolities of this recent circus show reveal in no uncertain terms how Umno has been destroying this country. They’re not leaders. They’re zombies stoned on reckless power-mongering and double standards not only for laws of the land, but also for its policies, procedures and procurements.
In much the same way the Auditor-General’s curling report has nuked Najib’s feel-good Annual Budget 2012, this Umno General Assembly has completely nuked and debunked Umno’s standing before the eyes and ears of all sensible, moderate, thinking and upstanding rakyat of the country.
We all know why Umno was shocked by the results of the last general elections. It had been overweeningly confident that each race would only vote for its own party. Doesn’t that mindset reflect racism in the first place? And what actually happened? The rakyat voted for other races.
Now what will Muhyiddin say next were he to find out that many Malays had voted for DAP in GE12?
That they are racists as well by dint of supporting what he has labeled without foundation as a racist party? If that is not enough, how will he advise his constituents who are gainfully employed by organizations run by people who support DAP? That they should resign from their jobs because he is Umno incarnate?
The mindset of forgettable jokers like these is locked in some hoary past that remains the only thing they think they can still use to scare the rakyat because they realize without that false scare, the rakyat will immediately see through them and their party as irrelevant.
Our society is on a painful but healing path away from the racism started by that black mamba cobra.
Why try to stop the rakyat from healing amongst ourselves so that we can help one another with brotherly goodwill that doesn’t have to be propped up by artificial crap policies used by Umno to secretly funnel rakyat funds to the accounts of their own puerile and corrupt putras and puteris?
Want to talk next about keeping our Malay culture and language? Fine – after everyone uses the language exclusively, how does one go about next to acquire the very knowledge to dig all out of the casket-sized hole the young have been deposited in? How will they be able to interact confidently with the rest of the world – on its own terms – so that they can contribute to the world-class standards this country has needed – since at least three decades ago?
How? By the tail of the Pekan or Pagoh cow? Which one? OneMalaysian has also written a polished comment which bears careful appreciation.
5 December 2011 20:15
Here is the comment from OneMalaysian.
Dear Sakmongkol
“What kind of political party and government by extension, that keeps its people on a leash and drumming into them a debilitating dependent mindset?”
Sometimes I find it hard to choose a quotation to focus my comments on. This is one of those times, when your article is so full of quotable quotes. I chose this one because I think it captures the essence of what you wrote.
I have no political quarrel with the so-called Malay agenda if that means an intelligent, well thought-out and honest programme designed to lift the Malays out of economic backwardness so that they are free and capable to compete without crutches not just against their fellow Malaysians, but against the entire world. That was the noble objective of the original NEP promulgated in 1971 by Tun Razak.
40 years later, a “aristocratic” class of UMNO Malays have instead arisen, who have ascended the social and economic ladder not by dint of hard work and enterprise, but by gaming the system of preferential treatment, by stealing economic opportunities reserved for the Malay masses (e.g. the RM250 million NFC project), by granting themselves special licenses and monopolies (e.g. PETRONAS projects/contracts, APs and IPPs), and by buying state properties at prices below market value (e.g. RMAF land at RM74 p.s.f when market price is RM300 – 400 p.s.f).
UMNO has been in power since 1957 without interruption. This is indeed a very long spell by any political standard, except perhaps the Soviet Union and the Communist Party of China. If a great many Malays still face a benighted future because they lack language skills, or they lack a competitive spirit because UMNO has falsely made them believe that there is no need to compete because UMNO is the eternal provider, whose fault is it? For the main part we must place the blame right at UMNO’s door because the Malays have put their trust in UMNO’s hands, the hands of their “savior”.
This savior claims it will save the Malays from destitution, from the avaricious Chinese who are out to steal their dinner, and from everyone else who is out to destroy Malay culture and language, and Islam. If UMNO were to count its “successes”, surely their effort at enslaving the Malay mind must count as their greatest achievement. After 54 long years UMNO is still peddling such poisonous drivel to the Malays. The Chinese is easy game at UMNO general assemblies, where the ruling party ritually dishes out racial diatribes of the worst kind against a people who are loyal, have worked hard against great political odds and discrimination, who have contributed to the economic development of the country, and who through their businesses employ more Malays than the government do.
The Malays do need a real savior, but not in the shape of UMNO and its coterie of carpetbaggers, especially those who only a short while ago regarded India as their mother country, but have discovered that it is advantageous to change their race so as to be indistinguishable from the real Malays and Natives that Article 153 was designed to help. It is this particular group that has been most virulent in their attacks against the Chinese, as if to prove their real worth to the indigenous Malays. Oh, how politics have descended into such murky depths!
Doc,
Did an analysis of Felda. I think many here have jumped the gun. From what I see in the end the settlers will benefit most. Issue on Isa being chairman on Koperasi is what I call logistic issue. Though I think he pushed to much n too fast abnd, the buying in is still developing. Met some Anak representative but don’t think they’re objective. I’ll wait for your further publication.
I know you are not a settlers son to feel the pinch…, anyway.., some feedback is better then none.
sorry it is US30m each..
Kak,
You forgot something…, our Patrol Vessels come with a Four star Hotel attach,
That’s the cost difference…., and we have catchy devise aboard to play Police and Thieve.
Our PM, DPM and the DM uses them to release stress. ( Open for public when it’s in the dry dock. )
small change.
govt is going to spend RM9b for 6 patrol vessels. That comes up to RM1.5b each. The Phillipines spent US3m plus for each vessel.
No wonder IGP doesnt even blink an eye when news of illicit money flow comes up to RM150b. All he said was it is not unusual.
Truly UMNO Boleh. Korek Korek Korek
Kak,
After !980…., we Malaysian’s have become a International PARIAH…, and a Laughing Stock to all deem. Why..? We if not, most thought that a STUPID party call BN ., can leads us out of misery…, but then they are HELL Bend to lead us to Hell.
Just hope we JOKERS will know who to pick during PPU 13….!
PS. Stalk and a Stock.., you readers make your difference.
Salam Dr,
And yet you’re against ABU?
Tak semua orang UMNO yang jahat…Kepala kepalanya saja yang banyak jahat
The UMNO DYNASTY…., mooted by the MAMAK and Lifeline ROTS the country….., just that the Malays are half rooted and in a daze….., tak sedar dubur dah kena tenggih…!
Yes Ibna,
Sometimes, one wonder saving a few good ones in UMNO can do any good. Again remember Tengku Razaleigh Hamzah
Doctor, ABU (Anything but UMNO). Those fellas in UMNO has the money especially other people’s, in their DNA. Still not convinced doctor? Still wants to vote UMNO?
Doc, I assume just testing the ground aja…., he also played out big time by Umno…, sad to say PR have also played him out.
Feel sorry for the pak ciks, mak ciks and all those vulnerable to the ripoff as the sharks circled for the merciless kill. Unless……..
Sad to say they Reap what they SOW. That’s about what you get if you fall for a CORRUPT PARTY…., in this case UMNO..and the PUTRAS.
Side track…
Why is Perkasa allowed to do street demonstration when the new law is enforced,
“Peaceful Assembly Act”
Perkasa loves to do street demonstration, why are they against others doing it?
Koperasi Permodalan Felda has a strictly limited condition for membership – settlers and their immediate family or employees and their immediate family
I don’t recall Mat Isa was ever an employee or settler. I’m still wondering How Mat Isa got to be chairman……we know Why, though.
Felda is sitting on a huge pile of cash and assets, accumulated over 50 years.
Unlike Petronas, which has a non-renewable resource, Felda’s profit base is self-perpetuating, as long as the sun shines, the rain falls and people to tend the plantations and palm oil mills.
The Pirates want it…
My mother worked for Felda her entire working life. I think she still owns some shares in the cooperative. She sold the rest to help finance my sister’s and my education.
They were like Blue Chip shares, that’s how solid Koperasi Felda was.
That’s going to change very soon…for the worse…if voters allow BN/UMNO to retain power after GE 13
About time you start doing your ground work…, so that the status qua remains and the settlers will not be taken for a ride to PUTRAJAYA.
At times people are vulnerable…..most off the times it’s the MALAY’S…, and the Vultures are MALAY’S.l
Time to RID the VULTURES.
Isa Samad was made the chairman of FELDA Authority and Felda Holdings. Is this the guy was found commited of money politics ((i.e corrupt) by UMNO disciplinary panel??
Good luck FELDA!!!
UMNO has got only guy’s like these to helm…., a stupid corrupted party …, supported by STUPID MALAYS who are so NAIVE.
The VAST ACRES of land would surely look “ripe for harvest” by the powers-to-be..
land is not the primary target..
They want to hold them by their BALLS ( PELIH )