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Sunday, July 12, 2015

Despite dropping share prices, Najib tells Felda settlers there’s still prospect in FGV

Prime Minister Datuk Seri Najib Razak says that there are still ‘prospects’ for the publicly listed Felda Global Ventures (FGV), despite plummeting share values of the company. – The Malaysian Insider pic by Afif Abd Halim, July 12, 2015.Prime Minister Datuk Seri Najib Razak says that there are still ‘prospects’ for the publicly listed Felda Global Ventures (FGV), despite plummeting share values of the company. – The Malaysian Insider pic by Afif Abd Halim, July 12, 2015.
Prime Minister Datuk Seri Najib Razak today told Felda settlers that there are still "prospects" for the publicly listed Felda Global Ventures (FGV), despite plummeting share values of the company.
Though FGV shares fell by more than 50% since it was listed three years ago, Najib told settlers in his Pekan constituency it was a "slight reduction".
"I understand the share prices have gone down a little, but the prospects is still there," he told settlers during a buka puasa event with them at the Felda Chini settlement in his constituency, Pekan.
"The dividend is still being given out every year and we have other aids, like the one for Raya," Najib said.
On Monday, Najib announced that a total of 98,688 Felda settlers will be receiving their share of a massive RM88.8 million dividend and "duit Raya" payout from FGV.
The payments will begin from tomorrow (July 13).
- TMI

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