FELDA VENTURES DEBUT

on 29 Jun 2012, The Felda Venture FGVH is making its debut in KLSE opening rm5.39 against the the initial IPO price of 4.55. It is a premium of 8 sen.

Felda is a statutory body created in 1956, a year after the independent with the purpose to alleviate poverty of the rural Malays by land resettlement. Felda role was to create the infrastructure and the actual work force were the settlers.

FGVH is eyeing expansion into African, namely the Cameroon. It is also expanding into Kalimantan, Cambodia and Myanmar.  

Lynas Rare Earth Plants

Malaysia has given the green light for the Lynas. The parliamentary select committed had elaborated and satisfied that there is no danger to operate the plants. The radiation level experienced by the workers would be well below the maximum permitted by international standard.


BUT please wait......

The paper on friday 29 jun 2012 said that Lynas has 10 months to submit the disposal plan. Not only that... two more conditions not fullfilled yet...

1. The control of the release of dust to the environment.
2. How to immobilize the disposed radiactive residue.

DO YOU MEAN THAT WE ALLOW LYNAS TO START AND NOT KNOWING HOW TO THE WASTE WILL BE MANAGED?. THE WASTE IS THE ISSUE, LIKE THE CASE OF BUKIT MERAH.