Raya windfall for 72,000 settlers

  • Nation
  • Tuesday, 03 Oct 2006

KOTA KINABALU: More then 72,000 Felcra participants throughout the country will receive a Hari Raya windfall totalling RM212.8mil in dividend payouts. 

Rural and Regional Development Minister Datuk Seri Abdul Aziz Shamsudin said the dividends would be paid out to them from today. 

The dividends were from profits made by plantations developed by Felcra Bhd. 

The authority made a profit of RM118.2mil last year and the interim profit this year up to June totalled RM94.6mil. 

Abdul Aziz announced the duit raya payout after witnessing the signing of an agreement between the Sabah government and Felcra Bhd to develop Pulau Banggi in Kudat. 

He said the total dividend payout did not include an allocation of RM16.8mil for hardcore poor families, who would receive between RM250 and RM350 a month. 

Abdul Aziz said high prices last year for commodities like palm oil and rubber helped Felcra to perform well. 

Palm oil is fetching RM260 a tonne on the international market and rubber about RM7 a kg. 

“Roughly, each participant was able to earn between RM390 and RM950 per hectare a month,” the minister said. 

Pahang received the highest dividend payout, amounting to RM64mil, followed by Perak (RM32.5mil), Negri Sembilan (RM24.1mil) and Johor (RM23.8mil). 

Sabah, where there are about 1,300 participants, received a payout of RM7.3mil.  

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