KUALA LUMPUR: More Felda settlers nationwide can now renovate their houses following an additional allocation of RM100mil under the agency’s interest-free home loans, says Datuk Seri Najib Tun Razak.
Under the scheme, Felda settlers could apply for loans up to RM40,000 per family without interest, and this had benefited some 100,000 settlers and their families across the country since 2005.
“Another 12,000 settlers, who previously did not have the chance, can now apply for the scheme,” the Prime Minister said in his address at Felda’s Semai Bakti 2013 programme here yesterday.
Najib, who is also the Finance Minister, added that Felda would sign a Memorandum of Understanding with Lulu Hypermarket, which has more than 100 branches in the United Arab Emirates, to sell Felda’s frozen products in that region.
Later in the evening, Najib urged the British Malaysian Chamber of Commerce to sustain its momentum in increasing bilateral trade between Malaysia and the United Kingdom.
Speaking at BMCC’s 50th anniversary dinner, Najib acknowledged the chamber’s contribution, saying “it has been a remarkable half-century”.
“When the chamber was formed, Malaysia was an agrarian economy – home to just 10 million people, with per capita GDP of US$300 (RM977). There was no Asean; no Asia Pacific Economic Caucus; no World Trade Organisation. The world was a very different place. Cardiff City players still wore blue!”, he said.
Najib said following the 2012 pledge by both British Prime Minister David Cameron and himself to increase investment and double the value of bilateral trade to £8bil or RM26bil by 2016, the chamber should deliver that commitment by becoming the local partner for the Overseas Business Network Initiative.
The initiative is a key focus area under the Bilateral Trade Support Initiative, designed to provide assistance and support services to SMEs looking to expand overseas.