Tergum Ictus

Raja Petra asks if Shahrir Samad is Isa Samad’s real target?
Just a few minutes ago I received a copy of a press statement from the Prime Minister’s Officer stating that Idris Jala has been appointed as an indepedent party to establish the facts and recommend the way forward regarding Felda Global Ventures’s (FGV) latest fiasco.

The press statement from the Prime Minister’s Office
For a statement to have come out from the Prime Minister’s Office shows that the Prime Minister himself is taking interest to protect those whose livelihood depend on FGV and wants to find out the inside story of how FGV has gotten itself in such a mess.

Isa Samad was appointed as the Chairman of FELDA and also became the Chairman of FGV.  Obviously he is a political appointee meaning that he had been entrusted to ensure that the needs and interests of the voters in FELDA are well taken care of.

This did not happen. Instead of becoming something that the settlers could bank on, FELDA was treated badly under Isa’s management, or mismanagement if you must.

There was that sturgeon farm initiative that cost FELDA a loss of RM47.6 million through a subsidiary called FELDA Caviartive Sdn Bhd.

Another mess that happened under Isa was by FELDA Wellness Corp Sdn Bhd., a loss-making biopharmaceuticals company wholly owned by the statutory body, had been wound up last year.

In less than three years of operation, FELDA Wellness accumulated losses of RM154.76 million, and current liabilities of RM154.03 million as at end FY15. The company’s total assets amounted to RM4.34 million.

The company was eventually wound up by Australia-based Gordagen Pharmaceuticals Pty Ltd for debts owed to it by FELDA Wellness amounting to RM2.1 million.

Another outfit called Global Settlers Sdn Bhd (GSSB), which opened a chain of five restaurants and incurred losses of more than RM 8.4 Million, then closed down after 3 years of operations. If that is not bad enough, GSSB paid RM2.29 million to a Pastry Project called Schneeballen without having any supporting documents. In October 2015 that Pastry project was terminated after having spent another RM6.39 million for equipment.

I shan’t go into the failed investments by the FELDA Investment Corp. There’s at least half-a-billion Ringgit worth of losses by the FIC.

It was only right that the Prime Minister decided enough was enough and put Tan Sri Shahrir Samad at the helm, leaving Isa only as a non-executive Chairman of the FGV.

Although a lot of damage had been done by Isa, Shahrir’s appointment was welcomed by settlers and observers alike. Through Shahrir they see a management that would be able to surmount the obstacles Isa had laid.

But the latest fiasco of Isa using the Board of FGV to ask the CEO Zakaria Arshad and three others to go on a forced leave has again shaken the trust of the people in FGV.

I don’t know how kosher Zakaria is, but a thorough probe by the Malaysian Anti Corruption Commission (MACC) into the affairs of the FGV is a very welcomed move.

Isa et al should realise that FGV and FELDA are of public interest and that he was entrusted by Najib Razak to make sure that the settlers’ interests are not foresaken.

Instead, Najib and the settlers have had their back stabbed.

Pembohong Bersiri Kembali Lagi

rafizi-ramli

Juara Pembohong Bersiri, Rafizi Ramli pada hari Ahad telah memulakan siri pembohongannya kepada warga FELDA di Sungkai.  Di dalam majlis tersebut Rafizi berkata kepada lebih kurang 300 orang yang hadir pada malam tersebut bahawa hutang FELDA kian bertambah dan kerajaan akan menggunakan wang peneroka untuk melangsaikan hutang tersebut.

Saya masih menunggu laporan polis mengenai FELDA yang dijanjikan oleh Rafizi Ramli.  Dua Khamis berlalu sudah namun salinan laporan polis pun masih belum kelihatan. Masakan sesuatu yang begitu penting bagi kesejahteraan warga peneroka FELDA khususnya dan rakyat Malaysia amnya boleh dilupakan Rafizi?  Bagaimana jika saya katakan bahawa Rafizi langsung tidak mempunyai niat untuk membantu warga FELDA dan apa yang diwar-warkan oleh beliau hanya pembohongan semata-mata?

Jangan kita lupa, pada tahun 2016 sahaja beliau telah empat kali didapati bersalah di mahkamah dan pernah juga disabitkan dengan kesalahan memfitnah sebelum-sebelum ini:

rafizi

Pembohongan Rafizi mengenai FELDA hanyalah bersandarkan laporan kewangan FELDA bagi tahun-tahun 2013 dan 2014.  Beliau mencanangkan bahawa pada tahun 2013 FELDA telah kerugian sebanyak RM1.9 bilion manakala pada tahun 2014 pula kerugian yang dialami FELDA adalah sebanyak RM1 bilion.

Sudah tentu warga FELDA akan melompat.  Ini menunjukkan betapa teruknya pengurusan FELDA hingga mengalami kerugian sepanjang masa.  Namun, adakah itu gambaran sebenarnya?

Ini adalah sebab Rafizi hanya bercerita mengenai 2013 dan 2014.

felda

Apa yang Rafizi tidak cerita ialah pada tahun 2011 FELDA telah membuat sedikit keuntungan iaitu sebanyak RM174.15 juta tetapi telah membuat keuntungan sebanyak RM5.757 bilion. Kita boleh lihat juga pada barisan yang pertama, pendapatan FELDA telah meningkat selama empat tahun berturut-turut termasuk pada tahun-tahun yang dicanangkan oleh Rafizi.

Begitulah jahatnya Rafizi. Kerugian dia cerita. Keuntungan disenyapkan. Asalkan kemarahan warga peneroka ditimbulkan hanya untuk memenuhi cita-cita politik keji beliau.

Keuntungan yang diperolehi FELDA pada tahun 2012 adalah akibat penyenaraian FELDA Global Ventures (FGV) pada tahun tersebut. Perjanjian Pajakan Tanah FELDA selama 99 tahun oleh FGV juga menentukan sebanyak RM250 juta dibayar kepada FELDA setahun.  Dalam pada itu, FGV juga dikehendaki berkongsi 15% keuntungan pengoperasian yang diperolehinya dengan FELDA.

Ini bermakna secara keseluruhannya tidak kira sama ada FGV meraih keuntungan atau mendapat kerugian, FELDA tetap akan menerima RM250 juta campur 15% keuntungan pengoperasian FGV.  Itulah sebabnya pada baris pertama rajah di atas anda boleh lihat pendapatan FELDA kian meningkat.

Bagaimana pula dengan kerugian dua tahun berturut-turut?

Sebagai sebuah badan berkanun, FELDA menggunakan standard perakaunan asas tunai yang diubahsuai dan bukan perakaunan akruan tulen yang digunapakai oleh syarikat-syarikat swasta.  Disebabkan itu penanaman semula kelapa sawit dan juga kebajikan berupa perumahan untuk warga FELDA adalah dikira sebagai perbelanjaan.

Ini ditambah pula dengan penurunan harga minyak sawit mentah (Crude Palm Oil Price) pada tahun-tahun tersebut.

Penanaman semula adalah amat penting bagi menentukan kesinambungan kesejahteraan para peneroka FELDA. Pokok yang tua tidak dapat memberi jumlah pengeluaran yang dikehendaki.

yield

Apabila penekanan terlalu diberikan oleh seorang mantan Perdana Menteri kepada pembinaan mercu tanda seperti KLCC,pengeluaran kereta yang merugikan dan lain-lain, penanaman semula kelapa sawit tidak dilakukan maka pada tahun 2009 kita dapat lihat penurunan pengeluaran minyak sawit di rajah yang dikeluarkan oleh Amerika Syarikat di atas.  Di sebabkan faktor inilah pokok-pokok tua tidak lagi mampu mengeluarkan buah sebanyak yang diperlukan.

Akibatnya pendapatan FELDA dan para peneroka terjejas.

fgv-age

Kita dapat lihat pada tahun 2012, lebih 50% pokok kelapa sawit adalah berusia lebih 21 tahun (ditanam lewat tahun 1980an dan permulaan 1990an).  Disebabkan kelapa sawit adalah merupakan tanaman saka, kesan akibat tiada penanaman semula dijalankan secara agresif hanya dapat dilihat kini, iaitu dalam zaman pentadbiran Najib Razak.

Pun begitu, langkah-langkah penanaman semula telahpun dijalankan di bawah pentadbiran Najib Razak untuk menentukan pendapatan untuk FELDA dan para penerokanya akan terus bertambah.  Ini dapat dilihat dari penurunan jumlah pokok berusia lebih 21 tahun dan penambahan pokok-pokok berusia di antara 0-3 tahun hingga 4-9 tahun.

Maka, janganlah dipercayai pembohongan Rafizi Ramli.  Anda bersusah sedikit sekarang untuk meraih keuntungan yang lebih di masa hadapan.  Sudah memang menjadi tugas Rafizi untuk berbohong dan menghasut rakyat membenci kerajaan.  Itu yang diakuinya sendiri.

Kemudian beliau boleh pula bertanya kenapa beliau dipenjarakan sedangkan beliau hanya melawak?

The joke is on Rafizi

 

In The Spirit Of Air Lanas

On the 23 August 2012, I wrote the following:

This was the way the British divided and ruled. Eventually, swayed by the profit they were earning from the Malay States that they forgot their promise to the Sultans which was to protect the interest and welfare of the Malays. The bulk of the Malays lived in rural areas and they had very minimal contact with the other races, the Chinese were basically in towns and tin mines, while the Indians were in rubber plantations. The effect to this was that the Malays remained backwards and were told to stay as peasants or tillers of the soil, the Chinese inherited all the tradings in the Malay States and became the richest residents, and the Indians remained as rubber-tappers without proper infrastructure. The Malays, according to Chai Hon-Chan:
“…merely retreated from the tide of commercial activity and material prosperity…whereas the British, Europeans, Chinese and Indians had the lion share of the country’s wealth…”
As a result, the Malays who were given land to cultivate, forced by economic disadvantages, began charging or creating a lien (collateral) over their land to the Chettiars. The Malays, already in a disadvantaged position, cried foul and started the “Malaya for Malays” movement in the late 1800s. EW Birch, the 8th British Resident of Perak, recognized this dire situation and quickly proposed a policy of preserving the Malay land. The only way to him to preserve the Malay race was to “free them from the clutches of those people who now remit to Indian large sums of money, which they bleed from the (Malay) people.”

The Malays were in a very disadvantageous position just before Merdeka, one of the reasons the Malayan Union was rejected so as to protect the rights and position of the Malays then.

FELDA was created 60 years ago to provide organised smallholders farming through resettlement of rural Malay poor who did not own any land. A year later Tunku Abdul Rahman launched the first settlement in Air Lanas, Kelantan where 400 settlers were relocated.

FELDA has grown into a very respectable organisation and has diversified its activities. FELDA Global Ventures, although separated in terms of its structure, is the third largest palm oil company in the world by acreage that also has downstream activities in oleochemicals.

Of late, FGV has not been performing well. Being in Malaysia, the government gets the blame although FGV has its own board. And the Opposition pins the blame on one person and one person only: Najib Razak.

Reading Raja Petra’s latest instalment does make me wonder if Isa Samad who is both the Chairman of FELDA and FGV is aware of the damage FELDA is causing to UMNO.

The allegations that Isa Samad and family is using FELDA/FGV as personal treasure chests is not something new. My only question is why is this cancer not nipped in the bud? 

It is still not too late for Najib Razak to act, and act he must! It would be sad to see a legacy left by his late father and the Tunku before that, that started in Air Lanas, be ruined by greed and irresponsible behaviours.

And what more if it is true as Raja Petra alleged that FELDA is being used to destroy UMNO in the upcoming general elections.

I can only echo a post on Facebook by Azmi Arshad – act now and save FELDA!

Belum Puas Berbohong

Episod terbaharu "Pembohong Bersiri" akan muncul
Episod terbaharu “Pembohong Bersiri” akan muncul

Juara Pembohong Bersiri, Rafizi Ramli, sekali lagi akan menjadi ‘pejuang rakyat’ dengan membela nasib rakyat dengan suatu isu yang amat penting menurutnya. Yang menjadi persoalan ialah, sekiranya perkara tersebut merupakan sesuatu yang amat penting, kenapa perlu tunggu hingga hari Khamis ini untuk membuat laporang polis?

Isu penting - membuat sidang media lebih penting dari membuat laporan polis
Isu penting – membuat sidang media lebih penting dari membuat laporan polis

Sudah tentu kesejahteraan para peneroka menjadi tumpuan utama pihak FELDA. Saya difahamkan sumber kewangan FELDA tidak akan digunakan oleh FELDA Global Ventures Holdings Bhd (FGV) untuk pembelian 37 peratus saham PT Eagle High Plantations (EHP). Maka isu program kesejahteraan para peneroka FELDA langsung tidak wujud.

Begitu juga bagi yang sering mengatakan FGV membayar harga premium terlalu tinggi untuk saham tersebut.  Kita perlu tahu bahawa harga saham sesebuah syarikat itu tidak langsung menggambarkan nilai syarikat tersebut. Saham EHP juga dikawal oleh Kumpulan Rajawali sebanyak 70 peratus dan disenaraikan di Bursa Saham Jakarta yang tidak secair (liquid) BSKL mahupun SGX.

Peluang yang diperolehi oleh FGV ini sudah tentu akan meningkatkan lagi profil tanaman FELDA kerana purata umur pokok milik EHP adalah 7 tahun berbanding dengan 15 tahun di tanah-tanah FELDA/FGV.  Kerajaan Indonesia juga dikhabarkan telah bersetuju memberi pengecualian kali ini sahaja bagi sebuah entiti luar memiliki tanah sebegitu luas di Indonesia.  Kalau ini bukan peluang yang baik untuk FELDA/FGV memajukan diri serta memberi lebih banyak manfaat kepada para penerokanya, maka saya tidak tahu apa yang akan lebih menguntungkan mereka.

Kita jangan lupa dengan sejarah penipuan Rafizi.  Malah beliau telah berkali-kali didapati bersalah di mahkamah kerana menipu.

Pada tahun 2012, Rafizi telah mendakwa bahawa dana daripada sebuah kontraktor pertahanan telah digunakan untuk membeli 80 peratus saham dalam Astacanggih Sdn Bhd.  Ahmad Zahid Hamidi yang ketika itu merupakan Menteri Pertahanan telah memfailkan saman terhadap Rafizi.

Pada bulan Januari berikutnya, Rafizi telah memberitahu portal The Malaysian Insider (26hb Januari 2013) bahawa beliau akan tetap dengan dakwaan beliau dan akan melawan Zahid di mahkamah.

 

Walau bagaimanapun, Rafizi telah membuat permohonan di Mahkamah Tinggi pada 9hb April 2013 untuk mahkamah menolak writ saman yang telah difailkan oleh Zahid.  Empat hari sebelum itu Rafizi telah menafikan bahawa beliau telah memfitnah Zahid dan akhirnya memadamkan semua dakwaan beliau terhadap Zahid di laman blognya.

Pada 24hb November 2014, Rafizi telah memfitnah Rosmah Mansor isteri kepada Najib Razak dalam sebuah forum di Bandar Tun Razak. Beliau mendakwa bahawa kenaikan harga minyak telah membolehkan Rosmah Mansor membeli cincin berlian.  Apabila disaman, beliau membuat kenyataan bahawa beliau hanya bergurau mengenai perkara tersebut!

 

Rafizi kuat bergurau - tetapi tak tahan gurauan orang lain
Rafizi kuat bergurau – tetapi tak tahan gurauan orang lain

Gurauan beliau mengenai Tabung Haji pada tahun 2015 juga telah mengakibatkan ramai pencarum mengeluarkan simpanan mereka.  Ada juga yang sanggup melepaskan giliran mereka untuk menunaikan ibadah Haji semata-mata termakan ‘gurauan’ Rafizi.

rafizi04 rafizi05

Namun, setelah beratus orang mengeluarkan wang mereka dari Tabung Haji, Rafizi tidak pula berbuat sedemikian. Malah beliau terus menikmati dividen sebanyak RM25,000 untuk simpanan beliau yang ketika itu berjumlah RM530,000.

rafizi07

Bukankah ini merupakan suatu penganiayaan terhadap mereka yang buta tuli mempercayai beliau?  Tidakkah beliau langsung merasa berdosa terhadap mereka yang telah mendapat giliran untuk menunaikan ibadah Haji tetapi melepaskan peluang tersebut hanya kerana termakan hasutan beliau?

Cuba kita lihat apa kata Surah An-Nahl Ayat 105 mengenai orang seperti Rafizi?

rafizi01

Baru-baru ini juga beliau telah dikantoikan oleh pihak MRT kerana membuat dakwaan palsu terhadap projek tersebut.  Tidak tahan dengan pendedahan oleh pihak MRT, beliau kini mengalihkan siri pembohongan beliau dengan percubaan menghasut warga FELDA pula.

Apa yang nak dihairankan? Beliau sendiri akui bahawa tugas beliau adalah menghasut.  Namun, masih ada yang kurang uaya akal yang percaya akan pembohong bersiri ini.

FGV Acquires Zhong Ling

Media ReleaseZhong Ling Acquisition to Strengthen FGV’s Downstream Position in China

 

KUALA LUMPUR, 16 MARCH 2016 – Felda Global Ventures Holdings Berhad (FGV) is confident its latest venture, the planned earning accretive acquisition of a 55% stake (valued at RM976.25 million) in Zhong Ling Nutril-Oil Holdings Limited (Zhong Ling), will strengthen its presence in high margin downstream activities.

As part of its transformation strategy and aggressive growth plans, FGV has identified the Chinese market as a key pillar of revenue enhancement for the Group, and plans to strengthen its position in China through a strategic acquisition of a stake in a well-known local player.

China is one of the world’s fastest-growing major economies, with Gross Domestic Product (GDP) growth rates averaging 7% from 2014 to 2015. With a population of almost 1.4 billion people, China has become one of the most important markets in the world for edible oils. 

As the largest importer of edible oils, China consumes almost a quarter of the world’s total edible oils (20% of worldwide consumption). FGV views China’s increasing demand potential as an attractive prospective market for expansion of FGV’s downstream capabilities, particularly in the Consumer Packed Goods (CPG) business.

The strong demand for blended cooking oil in China is also anticipated to provide an avenue for FGV’s palm-based products in the massive Chinese market. Ultimately, the Group will be able to penetrate further downstream palm-based products such as margarine, shortenings and food processing ingredients.

According to FGV’s Group President and Chief Executive Officer, Dato’ Mohd Emir Mavani Abdullah: “We view Zhong Ling as a strong local partner for FGV’s downstream expansion in China not only because of its solid brand and deep market insights, but also for it being ranked 10th in the retail cooking oil market in China. Zhong Ling will be a firm avenue for distributing our palm oil products which is our main intention.” 

Established more than 20 years ago, Zhong Ling has a sales network of 60,000 retail outlets covering five southeast coastal provinces of Fujian, Jiangxi, Guangdong, Zhejiang and Jiangsu.

Since its establishment, Zhong Ling has experienced tremendous growth, recording a Compound Annual Growth Rate (CAGR) of about 20% in revenue over the past four years and generating average profit margins in the region of 14% annually (2011-2014). In 2014, the company posted total revenue of RMB2.32 billion (RM1.5 billion), generating RMB326 million (RM207 million) in profits. Furthermore, based on its 2015 management account, Zhong Ling is backed by more than RMB1.0 billion (RM635 million) cash reserve and, most importantly, is a debt free company.

The intended investment has cleared all necessary due diligence, in accordance with FGV’s investment and governance policies. The financial and tax due diligence that FGV has performed covers Zhong Ling’s financials. All subsidiaries under Zhong Ling have been audited annually in accordance with China’s regulations.

In 2011, FGV has made its first foray into China through its joint venture FELDA IFFCO Sdn Bhd. Its subsidiary FELDA IFFCO South China Ltd, which operates in Guangdong, has two refineries and the second largest tank farm in South China. The company manufactures and markets a range of edible oils and fats including shortening and specialty fats for the large and growing Chinese market.