'...FELDA's RM10 billion is kept in cash, bonds and with fund managers (including EPF)....'
Source : OutSyed The Box
Tuesday, December 16, 2014
WAHAI PENYAMUN, DENGAR SINI "FELDA HAS RM10 BILLION CASH!!"
I received an interesting phone call last nite. Yup its about Felda.
Folks there is FELDA (FELDA proper lah). Then there is FGV or Felda Global Ventures Bhd the listed vehicle - whose share price has gone crashing from RM4.55 down to RM2.37.
Then you also have Felda Investment Corporation which buys properties in London etc. Semua lain-lain ok. So lets choose our way carefully.
I also want to touch on something else. Old issue but worth clarifying.
I saved a lot of simple kampong people a few hundred million Ringgit when I highlighted in my Blog that the 'Fund' in which they invested was planning to spend their money in a property project in some broken down city in the US. I blogged about it twice. I hope you folks can recall.
The CEO and mangement team of that 'Fund', the PM and her husband were all on their way to New York to witness the signing away of the kampong folks' hard earned money.
At the very, very last minute, after my Blog post appeared, that signing ceremony in New York was cancelled. A few hundred million Ringgits of kampong peoples' money was saved. Alhamdulillah.
Some bangang bloggers err..maaf ya UMNO Bloggers put it out that I was lying about the investment by that Fund. They said there was no such thing. Well according to the party president Najib Tun Razak these are bloggers who are paid to write. So when they get money they willl write - paid in cash and sometimes paid in kind.
Well I had received first class information about the Fund's planned investment. Their Board had approved the investment. And in their Board paper their Risk Manager had even recommended against the investment. I am not saying that I saw the Board paper myself. (Neither am I saying that I did not see the Board paper). But I am certain of my information.
Then about two days after that Blog post I received a phone call from a close friend who also knows the Chairman of that Fund quite well. He said that the Chairman wanted to meet me. Bila? "Malam ni juga" was the reply. I politely declined. It really was too short notice and I had my usual plans (meeting other sources and informers haa haa !!).
Last nite I received another phone call. This time about FELDA. Wild stuff is going on in FELDA. One Director General of FELDA has been kicked out of his job. Another DG has taken over. But now this new DG of FELDA has also been suspended from his job pula.
What is going on in FELDA? TAKKAN DUA DG BOLEH JADI AGEN ZIONIS BRO?
Two DG's put in the freezer one after the other.
Here is the scoop folks. FELDA has RM10 BILLION IN CASH RESERVES !! And SOMEONE is eyeing it !!
FELDA's RM10 billion is kept in cash, bonds and with fund managers (including EPF).
While some folks are eyeing this RM10 BILLION, other folks are standing in their way.
This is the reason (to quite some extent) for the tiffs and struggles going on inside FELDA.
Organisations like FELDA (being government set ups) are protected by layers of red tape and bureaucracy. To get the money out you need someone to do a paper. Someone has to reccommend the paper. It probably has to be presented to some committee. Then finally, after the committee, it will be presented to the Board. Many layers. If someone along the way does not agree or puts in a negative remark, it could throw a spanner into the works.
Hence it is important that for the Dawn of the Age of Aquarius, Jupiter must align with Mars and Saturn must click with Pluto. I think this is what is going on in FELDA right now. Serous alignments and realignments are taking place.
Siapa punya "alignment" tak betul, you can visit Bangsar Tyre Service Center (dekat Syed Restoran - bukan saya punya ok).
And it all goes up to the 'Kitchen Cabinet'. I was told some more information last nite tapi takut nanti kena Sedition ke, whatever ke.
So to all you people out there, lets team up and keep an eye on FELDA's RM10 BILLION in cash reserves. If we all act together we can really move mountains. All of us together - Dayak, Kadazan, Melanau, Sulu, Melayu, Cina, India, Mamak, Punjabi (I like to mention the Punjabis), Muslim, Hindu, Christian, Buddhist - everyone.
All pull together in one direction. If we do not hang together we will surely hang separately.
Posted by Syed Akbar Ali at 3:52:00 PM
Source : OutSyed The Box
Tuesday, December 16, 2014
WAHAI PENYAMUN, DENGAR SINI "FELDA HAS RM10 BILLION CASH!!"
I received an interesting phone call last nite. Yup its about Felda.
Folks there is FELDA (FELDA proper lah). Then there is FGV or Felda Global Ventures Bhd the listed vehicle - whose share price has gone crashing from RM4.55 down to RM2.37.
Then you also have Felda Investment Corporation which buys properties in London etc. Semua lain-lain ok. So lets choose our way carefully.
I also want to touch on something else. Old issue but worth clarifying.
I saved a lot of simple kampong people a few hundred million Ringgit when I highlighted in my Blog that the 'Fund' in which they invested was planning to spend their money in a property project in some broken down city in the US. I blogged about it twice. I hope you folks can recall.
The CEO and mangement team of that 'Fund', the PM and her husband were all on their way to New York to witness the signing away of the kampong folks' hard earned money.
At the very, very last minute, after my Blog post appeared, that signing ceremony in New York was cancelled. A few hundred million Ringgits of kampong peoples' money was saved. Alhamdulillah.
Some bangang bloggers err..maaf ya UMNO Bloggers put it out that I was lying about the investment by that Fund. They said there was no such thing. Well according to the party president Najib Tun Razak these are bloggers who are paid to write. So when they get money they willl write - paid in cash and sometimes paid in kind.
Well I had received first class information about the Fund's planned investment. Their Board had approved the investment. And in their Board paper their Risk Manager had even recommended against the investment. I am not saying that I saw the Board paper myself. (Neither am I saying that I did not see the Board paper). But I am certain of my information.
Then about two days after that Blog post I received a phone call from a close friend who also knows the Chairman of that Fund quite well. He said that the Chairman wanted to meet me. Bila? "Malam ni juga" was the reply. I politely declined. It really was too short notice and I had my usual plans (meeting other sources and informers haa haa !!).
Last nite I received another phone call. This time about FELDA. Wild stuff is going on in FELDA. One Director General of FELDA has been kicked out of his job. Another DG has taken over. But now this new DG of FELDA has also been suspended from his job pula.
What is going on in FELDA? TAKKAN DUA DG BOLEH JADI AGEN ZIONIS BRO?
Two DG's put in the freezer one after the other.
Here is the scoop folks. FELDA has RM10 BILLION IN CASH RESERVES !! And SOMEONE is eyeing it !!
FELDA's RM10 billion is kept in cash, bonds and with fund managers (including EPF).
While some folks are eyeing this RM10 BILLION, other folks are standing in their way.
This is the reason (to quite some extent) for the tiffs and struggles going on inside FELDA.
Organisations like FELDA (being government set ups) are protected by layers of red tape and bureaucracy. To get the money out you need someone to do a paper. Someone has to reccommend the paper. It probably has to be presented to some committee. Then finally, after the committee, it will be presented to the Board. Many layers. If someone along the way does not agree or puts in a negative remark, it could throw a spanner into the works.
Hence it is important that for the Dawn of the Age of Aquarius, Jupiter must align with Mars and Saturn must click with Pluto. I think this is what is going on in FELDA right now. Serous alignments and realignments are taking place.
Siapa punya "alignment" tak betul, you can visit Bangsar Tyre Service Center (dekat Syed Restoran - bukan saya punya ok).
And it all goes up to the 'Kitchen Cabinet'. I was told some more information last nite tapi takut nanti kena Sedition ke, whatever ke.
So to all you people out there, lets team up and keep an eye on FELDA's RM10 BILLION in cash reserves. If we all act together we can really move mountains. All of us together - Dayak, Kadazan, Melanau, Sulu, Melayu, Cina, India, Mamak, Punjabi (I like to mention the Punjabis), Muslim, Hindu, Christian, Buddhist - everyone.
All pull together in one direction. If we do not hang together we will surely hang separately.
Posted by Syed Akbar Ali at 3:52:00 PM
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