The Federal Land Development Authority (FELDA) was formed in 1956 as a collective initiative to aid rural Malays. Each rural Malay is given a plot of land to be developed. FELDA has constributed significantly in developing idle land and housing more than 100,000 settlers. The estimated total of land under the FELDA scheme is 800k hectares! We can start a whole new country with that size! Not only settlers get a plot to be developed, all basic amneties are provided, houses are readily built for them, including place of worship and other facilities. The scheme has for many years closed in the gap between the have and have nots.
Today, because of the encouraging natural rubber market, it was reported that the settlers are getting as much as RM10,000 a month! The price has gone up four times since 2001 from RM2/kg to RM8.50/kg. 16% of our export comes from the settlers.
This is a truly amazing opportunity for the people in the scheme. The people must understand that the prices of commodities fluctuate, they must be prudent in spending the extra income and start investing money.
FELDA has always been underrated and attacked by people who lack faith in Government policy. Like I said earlier in previous posting, it's always easier to criticize and to add value (ok maybe I didnt say that earlier).
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3 comments:
Anything instant is no good, it may be an element of luck, but not everyone would enjoy it long term. I'm not sure whether these guys are sent to financial courses?
Sorry blacksacktrack, only concurrent issues. I'm sure there are more than enough sites on Babyrina.
"create more middle class people". that's easier said than done. This means increasing the number of professional among the Malays or Malaysians for that matter. Goes back to education. We can't even get our 60,000 graduates to work. Buying foreign goods is another issue bro. It generates revenue for our local distributers because of foreign exchange.
But I agree with you that we must strengthen and expand the middle class people. It goes back to education.
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