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Saturday November 5, 2011
By JACK WONG firstname.lastname@example.org
KUCHING: Sarawak Land Consolidation and Rehabilitation Authority (Salcra) will pay out its biggest ever dividends of nearly RM100.9mil this year to its participating landowners.
Salcra chairman Tan Sri Alfred Jabu said the windfall would be shared by 16,374 eligible landowners.
“This brings Salcra’s total cumulative dividend payout to more than RM506mil.
“Fifty per cent of this year’s dividends will be paid in January while the other 50% to be distributed in July,” he told reporters after chairing Salcra’s 87th board meeting at Wisma Salcra, Kota Samarahan near here yesterday.
The 2011 dividend payout is nearly 40% higher than RM73mil in 2010.
Salcra, like other plantation companies, is making good profits in view of the prevailing high crude palm oil (CPO) prices. However, the prices have pulled back to below RM3,000 per tonne in recent weeks.
Salcra has 18 oil palm estates, with total planted area of some 51,000ha, of which 40,900ha have matured.
The plantations are in the southern region, including Bau, Lundu, Serian, Saribas, Kalaka and Saratok districts.
Jabu, also Deputy Chief Minister
and Modernisation of Agriculture
Minister, said the amount of dividends
landowners would receive
would be based on, among others,
the sizes of their landholdings
and the production of fresh
fruit bunches (FFBs) in their respective
He advised landowners to use the
dividends they received wisely,
including to invest in their children’s
Jabu said the state needed a big
number of professionals and trained
manpower to support its various
development programmes, in particular
the development of the
Sarawak Corridor of Renewable
He said Salcra was regarded as
one of the best state statutory bodies,
which paid promptly both the
state and Federal loans, and was
self-sufficient in project financing,”
Jabu said like other plantation
companies in the state, Salcra was
facing labour shortage, including
some 640 fruit harvesters.
“Mobility of labour is a problem as
not all of the workers we recruited
He said the shortage of
harvesters would delay the collection
of FFBs which would affect
the quality of the fruits and oil
Jabu said Salcra would
explore various alternatives, including
incentive packages, to attract
plantation workers and keep
He added that Salcra, which now
has a total workforce of 782, would
have to recruit more to cope with its
expansion and diversification activities.
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