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Felda households receive $225.6m in third and final handouts

Published on Nov 10, 2012 1:55 PM

SHAH ALAM (THE STAR/ASIA NEWS NETWORK) - Prime Minister Najib Razak on Saturday handed out RM563 mil (S$225.6 mil) to 112,635 households of state-run plantation scheme Felda under the third phase of windfall handouts specifically targeted at the young generation of settlers.

Each will receive RM5,000 each.

The handout is the final instalment promised by Mr Najib earlier this year, in line with the move to channel profits made by listing Felda Global Ventures on the stock exchange.

The first handout of RM5,000 was given to the settlers and the second RM5,000 to their wives.