Deal #330

Location #1

Spatial accuracy level
Administrative region
Location
Sarawak, Malaysia

Target country
Malaysia

Location #2

Spatial accuracy level
Administrative region
Location
Sabah, Malaysia

Target country
Malaysia

Location #3

Spatial accuracy level
Administrative region
Location
Johor, Malaysia

Target country
Malaysia

Location #4

Spatial accuracy level
Administrative region
Location
Selangor, Malaysia

Target country
Malaysia

Location #5

Spatial accuracy level
Administrative region
Location
Pahang, Malaysia

Target country
Malaysia

Location #6

Spatial accuracy level
Administrative region
Location
Terengganu, Malaysia

Target country
Malaysia

Location #7

Spatial accuracy level
Administrative region
Location
Kelantan, Malaysia

Target country
Malaysia

Location #8

Spatial accuracy level
Administrative region
Location
Perak, Malaysia

Target country
Malaysia

Location #9

Spatial accuracy level
Administrative region
Location
Kedah, Malaysia

Target country
Malaysia

Land area

Size under contract (leased or purchased area, in ha)
[2012] 80600
[2013] 82900
[2014] 83360
[2016] 83231
Size in operation (production, in ha)
[2012] 68375
[2013] 70338
[2014] 70578
65680

Intention of investment

Intention of investment
Agriculture unspecified

Nature of the deal

Nature of the deal
Outright Purchase
Lease
Comment on nature of the deal
We own, co-own or lease a total of 41 oil palm plantation estates and 10 palm oil mills in Malaysia "http://www.bousteadplantations.com.my/overview.html"

Negotiation status

Negotiation status
[1978] Concluded (Contract signed)
Comment on negotiation status
first leasehold for a palm oil estate dates back to 1978

Implementation status

Implementation status
In operation (production)

Contract #1

Duration of the agreement (in years)
99

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[2015] 8725
Comment on jobs created (total)
As of 2015, the company have 8725 employees in total.

Operating company

Comment on investment chain
The name of of the company should be Boustead not Boustad.

 

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Data source #1

Data source type
Company sources
File
Date
2010-01-01

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2007-01-01

Data source #3

Data source type
Company sources
File
Date
2013-12-01
Comment on data source
Annual Report 2013

Data source #4

Data source type
Company sources
File
Comment on data source
accessed 28:04:15

Data source #5

Data source type
Company sources
File
Comment on data source
accessed 28:04:15

Data source #6

Data source type
Research Paper / Policy Report
File
Date
2010-01-01

Data source #7

Data source type
Company sources
File
Date
2015-12-31

Data source #8

Data source type
Media report
File
Publication title
Boustead Plantations Bhd
Date
2019

Data source #9

Data source type
Company sources
File
Publication title
OVERVIEW
Date
2020

Consultation of local community

Community consultation
Not consulted

How did the community react?

Community reaction
Rejection

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
NCR land: in 2009 the 1,701 landowners received a total of MYR 1.678 million in dividends (about USD 300 each). "http://www.ifad.org/pub/land/agri_investment.pdf" p.66

Promised benefits for local communities

Promised benefits for local communities
Productive infrastructure (e.g. irrigation, tractors, machinery...)

Former land owner (not by constitution)

Former land owner
State
Private (smallholders)
Community

Former land use

Former land use
Smallholder agriculture
Forestry
Other

Former land cover

Former land cover
Cropland
Forest land

Detailed crop, animal and mineral information

Crops area
Oil Palm

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
As of 2019, the Company operates over 40 estates, which are located in Peninsular Malaysia and East Malaysia. Its operations include over 10 palm oil mills with approximately four in Peninsular Malaysia and over six in East Malaysia.
Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.)
The company own, co-own or lease a total of 41 oil palm plantation estates and 10 palm oil mills in Malaysia with 19 plantation estates in Peninsular Malaysia, 13 in Sabah and 9 in Sarawak. We own and operate 4 palm oil mills in Peninsular Malaysia, 4 in Sabah and 2 in Sarawak.

Overall comment

Overall comment
split up according to pp. 225 of annual report: http://www.boustead.com.my/invesrelate/Annual%20Reports/BousteadHoldings_AR2013%20website.pdf

July 28, 2020, 11:02 a.m.

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Jan. 3, 2017, 3:05 p.m.

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June 11, 2015, 6:13 p.m.

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April 28, 2015, 7:29 p.m.

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March 25, 2014, 3:41 p.m.

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May 13, 2013, 1:25 a.m.

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May 13, 2013, 1:05 a.m.

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Feb. 15, 2013, 4:59 p.m.

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