The Old & New Palm Oil Growers Scheme
Both schemes have been categorized as " share-farming " interest scheme by Securities Commission of Malaysia, yet, both were in the limelight lately due to their contradict directions. The old one ( Country Heights Growers Scheme ) is wooing investors to terminate it, while the new one ( Golden Agro Growers Scheme ) is wooing investors to invest. Why CHGS was in HOT water? CHGS was the 1st oil palm plantation investment scheme in Malaysia. Launched in 2007, it guaranteed a 8% return annually for first 3 years, and subsequently it is projected to distribute the returns of over 11% per year throughout a period of 20 years. However, voluntary early termination of the scheme was proposed recently, citing that CHGS was unable to reach its full potential because of poor fresh fruit bunches (FFB) yield. Various factors were given such as unpredictable weather conditions, incursions of wild elephants into the estate, poor soil fertility, shortage of key personnel and manual workers,...