“Anwar, stop politicising business to win”

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KUALA LUMPUR  –  Opposition leader Datuk Seri Anwar Ibrahim should not politicise business matters by making a statement which can bring adverse effects, especially to public listed companies.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said Anwar must know that his statement would influence investors’ sentiment and may cause a continuous fall in the company’s share price.

Recently, Anwar made a statement that the share price of Felda Global Ventures Holdings Bhd (FGV) would have been lower if not for the intervention of several institutions, including the Employees Provident Fund (KWSP).

The former finance minister alleged that the FGV share price at RM4.62 was due to intervention in the form of purchases by KWSP, the Retirement Fund (Incorporated) and other institutions.

Muhyiddin, who is also UMNO vice president, opined that Anwar was envious of the listing of FGV and wanted to politicise the issue in the hope that the share price would continue to fall.

“I’m not sure whether the Securities Commission or Bursa Malaysia can take action against Anwar for making a statement aimed to incite,” he told reporters after visiting Proton City in Tanjung Malim, Perak, today.

In a separate statement, the Ministry of Plantation Industries andCommodities (MPIC) said it would continue to monitor the trends in oil palm and rubber to ensure the prive level of the two commodities do not affect the income of the entrepreneurs, especially the smallholders.

“At RM2,200 per metric tonne for crude palm oil, the average income for one tonne of fresh fruit bunch (FFB) produced is RM440 per metric tonne.

“Taking into account the production cost for one metric tonne of FFB of between RM200 and RM250, oil palm entrepreneurs still rake in a gross income of between RM190 and RM240,” it said.

MPIC said the net income of entrepreneurs, minus other costs, was between RM150 and RM200 per metric tonne of FFB.

“The government will continue to monitor the trends in oil palm and rubber by taking proactive steps to ensure their market prices are still at a stable level,” it said.  – BERNAMA