KUALA LUMPUR – September 19, 2017: A blogger has listed a series of errors that PKR vice-president Rafizi Ramli made in his analysis of Felda’s alleged financial woes.
The first error, wrote Radzi Tajuddin of matrodi.my, was Rafizi’s claim that Felda had yet to table its financial statements for 2015 and 2016.
“It seems Rafizi had purposely omitted or maybe completely forgot the fact that Felda’s 2015 financial statement was tabled on last April 6,” wrote Radzi, adding that Rafizi was also present in Parliament when it was tabled.
In his August and September financial forecasts, Rafizi claimed that Felda’s debt is now RM12.06 billion. Based on the information he claimed to have obtained, Rafizi pressed on that Felda may not be able to fulfil its socio-economic promises to settlers.
Radzi however, argued that it was unfair for Rafizi to judge Felda’s performance solely on the amount of profits it netted, adding that the government agency is not a profit-making entity.
“Some expenses by Felda are for socio-economic programmes. It costs RM150 million per year for this alone.
“Felda also acts as a bank for all its settlers by giving loans for replanting, livelihood subsistence and home renovations. These alone cost Felda RM5.1 billion in liability.
“As a policymaker, Rafizi must see things beyond just ringgit and cents. There is always a bigger picture in everything. Having a tunnel vision is definitely a handicap, not a talent, for a policymaker of his stature,” remarked Radzi.