Nine Chinese schools in Perak to get land for palm oil estateBY IVAN LOH
IPOH: The Perak Government has allocated a 1,012ha piece of land to nine Chinese independent schools here to be developed as a palm oil estate.
The estate will help the schools earn income in order to be self-sustainable.
The piece of land in Besout, Sungkai, will be managed by Semangat Suwa Sdn Bhd, a company set up by the nine schools' board of governors.
Semangat Suwa chairman Tan Hau Swee said a private company had expressed interest to pay RM3.6mil annually for rights to develop the palm oil estate.
"The revenue from the private company can cover about 30% to 40% of the annual expenses for each of the schools," he said during a press conference called by Perak executive council member Datuk Dr Mah Hang Soon here on Tuesday.
"Each school spends an average of about RM200mil annually.
"About RM400,000 to RM600,000 are spent on management fees alone each year," he said, adding that this figure did not include the expenditure of building and education development costs.
The nine schools are SM Shen Jai, SM Yuk Choy and SM Poi Lam - all in Ipoh - , SM Nam Hwa in Sitiawan, SM Yik Ching in Pantai Remis, SM Pei Yuan in Kampar, SM Hua Lian in Taiping, SM Sam Min in Teluk Intan and SM Tsung Wah in Kuala Kangsar.
However, Tan said the schools would still need support and donation from the public to help with their education development needs.
"We hope the public will continue to support us," he added.
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