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.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Nation

Misguided Health Ministry article on sexual harassment comes under fire
Historical token shows Indian community's contribution to the rail sector
Expired social visitor pass holders who can't leave by April 21 can apply for special pass to extend stay, says Home Minister
Benefits of cabotage policy for submarine cable repairs outweigh shortcomings, says shipowners’ association
Upholding Jawi akin to upholding definition of Malays in Constitution, says PM
Wrap up by noon or break your fast here, judge tells Najib's defence
Sabah police to use preventive laws on masterminds behind water, power thefts
Melaka CM says grateful for his year in office
Eateries allowed to open until 6am during Ramadan, says Ismail Sabri
Muslims in Malaysia to begin Ramadan fast on Tuesday (April 13)

Stories You'll Enjoy


Vouchers