SIBU: DPO Pelita Bintangor Sdn Bhd here yesterday disbursed a total of RM143,236.80 as batch 2 upfront payment to participants in a joint-venture oil palm plantation project at Loba Bunut, Bintangor.
The joint-venture company between DPO Plantation Sdn Bhd, a wholly owned subsidiary of Asia Media Group Berhad and Pelita Holdings Sdn Bhd, made the payment in a ceremony held at Perdana Room, Kingwood Hotel on Friday.
The aforementioned amount was paid to 155 to landowners of 298.410 hectares of NCR land who had agreed to develop their land under the joint-venture deal with DPO Plantation Sdn Bhd and Pelita Holdings Sdn Bhd.
Of the amount, RM35,847.80 was in the form of cash while another RM107,389.00 was in the form of ASSAR unit trust.
Political secretary to the Chief Minister, Romeo Christopher Tegong was present to officiate at the event.
In his speech, Romeo said the joint-venture NCR land development project would benefit the landowners as soon as the project commenced.
“The project will also provide business and employment opportunities to the local people. Apart from that, the project will also increase the living standard of the local people,” he said.
According to him, through the project, local people would be able to enjoy variety of developments such as road access and development in the surrounding areas.
He also advised the participants of the project to use the money wisely.
Meanwhile, DPO Plantations Sdn Bhd and Asia Media Group director, Paul Jong when met by reporters said the project was launched last year by Deputy Chief Minister, Tan Sri Datuk Amar James Jemut Masing.
He said the upfront payment was paid to landowners of NCR land who had agreed to develop their land under the joint-venture deal with DPO Plantation Sdn Bhd holding 60 per cent; the participants at 30 per cent and Pelita Holdings Sdn Bhd at 10 per cent.
Among those present were DPO director Jeff Lye and chairman of Area Development Committee Gara Legok.