In another indication that the general elections will likely be held in June, Felda chairman Tan Sri Isa Abdul Samad announced today that the listing of Felda Global Ventures Holdings will proceed without the participation of Koperasi Permodalan Felda so that the listing deadline can be met.
He said the Koperasi has finally agreed to the listing but there is not enough time to discuss the terms and conditions before the target listing date of within the May-June period, the Malaysian Insider reported.
In other words, Felda wants to get the holding company listed by June so that the millions of Felda settlers will benefit from windfall profits and obviously be 'persuaded' to continue to vote for Barisan Nasional.
Felda is vital to Prime Minister Datuk Seri Najib Tun Razak because it was his father who kicked off the 'Land for the Landless' project and also because the majority of the settlers are still supporters of Umno and Barisan Nasional.
And in the 2008 general elections and several by-elections held since then, many seats were won by Barisan Nasional because of the solid backing from Felda settlers.
That was why Pakatan Rakyat made all sorts of allegations about Felda including that it was bankrupt.
The battle was to win over the Felda votes and the listing exercise is about BN holding on to the votes while rewarding the settlers for their loyalty.