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Sakmongkol ak 47

Saturday 5 March 2011

PETRONAS in the news- Part 3.

I have delayed the posting of the 3rd part of the PETRONAS in the news because I wanted to see the drift of the comments. Overall, there is concern about how PETRONAS conducts its business. This is as it should be because PETRONAS is custodian of our national asset. We, the people collective own the government and through efforts of public spirited citizens, own PETRONAS.

Though it is set up by the government, it cannot do as it pleases with the money nor can it conduct its business recklessly or dubiously. It cannot be managed imperviously nor is it a black box operations. Our laws and constitution are there precisely to rein in the government and by the same laws, those institutions deriving power from the government. That includes PETRONAS. So in answer to the petulant commentator who says, it's the government's money and so it can do what it pleases, I feel sorry. I don't know how to label you as you have a warped sense of whats a government. That's a scary thought too.

The other type of commentator, which I am happy to note appears to be a minority, is the one who views a criticism on PETRONAS as an attack of the Malay. So, because PETRONAS is Malay, it can be excused for doing what it does even if giving out money making scheme to kenchana and SapuraCrest. If I were to extend to the logic of this fellow, then whatever a Malay does, he can be excused. So if he rapes another, it's ok because he is Malay. If he steals money or hijacks a government project, it's ok because he is Malay. He is even more excusable if he is an important Malay. It's ok for Malay leaders to loot and plunder, to earn RM 500 million commission, to hijack a RM 17 billion river of life project, to push for a RM 46 billion MRT project because all those involved are Malays?

The view on the other side- that is on the people's side is this:- If he is Malay he should be hung upside down because he has violated an invisible covenant with his fellow Malays- which is to lead them to progress in an honorable way. If he is Malay, he must be made to suffer a thousand deaths because he has betrayed the cause.

What's happening to PETRONAS? The way PETRONAS is sidelining Carigali for instance reminds me as to how PASDEC (a wholly owned subsidiary of Pahang's PKNP) conducts its business. PASDEC which once owned a granite quarry DOES NOT buy the granite aggregates from its own quarry but instead buys from other quarry operators. A closer look at this anomaly reveals that the only reason for this strange practice, is that you can't milk from your own source but can do so from 3rd parties. You can do side deals with 3rd parties but can't do so within your own organization.

This sounds preposterous but you can't absolutely discount baser motives in this deal marginal field too.

Here are some pointed comments from one HabibRak.

1. Yes, Kencana and Sapura's role in this RSC is simply to cream off the top. A self-enriching scheme.


2. No, you can't get the same deal coz you are not in the loop.


3. Rightfully, Carigali should be entrusted to be the prime mover just like Esso, Shell, Nippon, Murphy, etc.


4. Carigali could easily benefit from the CIP concept to mitigate risk. CIP = Carried Interest Period


4. FYI, for upstream business, the tax rate is 38% (PITA 1967), there is export duty, research cess, royalty for state and federal.


5. Cost Oil has built-in concept for price movements. Higher crude price will mean, less barrels needed to recover cost.


6. Once cost current, the remaining will become Profit Oil


7. Our boys n girls in Esso, Shell, Murphy, etc can easily be top team members to make Carigali one of the leading oil n gas company in the world.


8. Unfortunately, the political will is not there to empower Carigali.


9. There is only political will for looting, plundering and crony contract dishing.


10. Had worked in an international Oil n Gas company for over 12years in Malaysia and I know this 1st hand.


So Carigali in effect becomes a stepson.

The other thing is, with an investment of this magnitude and the players chosen are plucked from a very restricted pool, behind the scene news are difficult to contain. We hear disturbing news that the whole outlay of US 800 million will be underwritten by Petrofac. This means both Kencana Petroleum and SapuraCrest are given free berths. They are there to window dress the agenda of having local players participate but in reality they are just glorified rent seekers. It's even talked in the market that the PETRONAS adviser himself was on hand leading the talks with Petrofac. Predictably therefore, Kencana is one of the beneficiaries.

Sime Darby asked to buy over Kenchana?

Even more disturbing are the rumors going around the attempts are being made to ask Sime Darby to buy over Kencana Petroleum. This would be an outlandish piece of proposal in the wake of Sime Darby losing billions of Ringgit in its utility and energy business. Sime Darby got into that mess precisely because years ago it was asked to take over the Bakun Project. I think if ever there are any attempts to force Sime Darby to take on further burden, the PM should nip this in the bud. Why should Kencana be sold off to Sime Darby if it has just gotten a sweetener from Petrofac, courtesy of PETRONAS?

PETRONAS must be conscious that it is the guardian and keeper of the nation's oil and gas wealth and it needs to guard that position jealously against both foreign as well as local companies so that maximum benefit is obtained by the Malaysian public from its oil and gas wealth.

One way to do that is for PETRONAS to participate directly through another subsidiary to perhaps undertake production from marginal oil fields in partnership with foreign players not necessarily Petrofac. Then this subsidiary can enter into joint ventures with the various world-renowned names who are engaged in exploiting oil from marginal wells and after many years, it would have gained enough expertise and size to venture out into the world much the way that PETRONAS itself has for oil exploration.

In this first deal, PETRONAS announced that its farming out is Berantai Oil and Gas Field located some 150 nautical miles from the Terengganu coast. That will mean additional royalty to the state of Terengganu. The exploitation of the field will be done in 2 stages. In the First Phase, gas will be sent from Berantai through a pipeline tied to an Existing Gas Facility located at the Angsi Field and subsequently transported to shore via the Angsi gas pipeline. This first Phase is straightforward and pipeline linking Berantai to Angsi is also straightforward.

In the second phase, we can only assume that Oil will be lifted from the Berantai Field on to an FPSO and loaded on to a Shuttle Tanker which will be transported to PETRONAS Refinery.

As one expert in the field said it aptly:- All the above is fine except for the vague nature of the Commercial Deal and whether the Field itself is a "Marginal" Field.

1. Who proposed that the Budget for this project should be US$800 million? Was it decided by PETRONAS or the Consortium?

A Project of this nature requires a lot of front end work and may have been carried out many months before the deal is announced. Who carried out the survey work?

2. The First Phase (2011-2012) Appears to Concentrate on Well Completions for Gas Delivery. How much gas is there at Berantai? Is Gas the main hydrocarbons at Berantai? Why the rush for Gas?

2. How much of the Project Cost can be recovered back by the Consortium? (as per incentive...i.e. cost recovery....including project cost). Based on the project cost, one can only surmise that the FPSO for Oil will be owned by PETRONAS or Consortium? Will the FPSO and shuttle tanker then be leased by the consortium to PETRONAS? If this is the case, then the consortium stands to make a lot of money as lease charges are very hefty!

3. The local partners can only provide for modification work of specialized vessels, some installation work and the two small platform fabrications. Petrofac will ensure that the costs will be in line with market costs if not lower.

If the 106 fields are too fragmented in size as to be economical, why don't we just auction them off to players in the market and apply the principles of PSC on them? The players can either be local with partnership with foreign players who shall undertake the extraction of the oil or gas under the terms of a PSC. The agenda of fast-tracking the capabilities of local players not only Kencana and SapuraCrest can still be achieved by insisting that foreign partners take local partners to participate in the auctions.


Anonymous,  5 March 2011 at 09:52  


Your Last Statement of

"Fast Tracking of Local Players"

Sounds Hollow considering that PETRONAS was supposed to "Fast Track" the Local Players since the last 35 Years...

Instead of Building Local Skills, they have wantonly disposed of the cream of their geologists and geophysicists to the point where they are now dependent on Indon and other sundry foreign Geologists and Geophysicists.

Asking for sudah sakit retirees to come back and man the offices is the true nature of their "Fast Tracking"

Joe Black

George Choo 5 March 2011 at 10:02  

Dear SAK, as I have commented earlier, all this shows that Umno is directly involved in the business of Petronas.
If you ask the current or former staff of Petronas,they will tell you that in order to qualify to do any project for Petronas,YOU MUST KNOW YOUR JOB WELL and you do not get work for WHO YOU KNOW.But ever since Hassan is removed,you will get work with who you know in Petronas PROVIDED YOU MUST TAKE CARE OF UMNO.
This is the 3rd step(I mentioned the 1st and 2nd in my last comment)Umno is using to lay their hands into the CASH of Petronas.
Just like you say that you have work for a perfessional oil and gas company,I have work in Hanafiah,Raslan and Mohamad (HRM) and I know how professional Hassan is.
As you know the govt is BANKRUPT with Khazanah in huge financial debts,the only place full of CASH is our CHERRY TREE Petronas which is the TARGET for UMNO.
Just like you,I want to save my country Malaysia and TERIMA KASIH Sak for writing these articles on Petronas.

Unknown 5 March 2011 at 10:53  

The point of the whole exercise is to grease the political wheels.

Kenchana greases the Tun amd Sapura the cops.

That's the UMNO way.

orang minyak,  5 March 2011 at 10:58  


shamsul did not turn up at the annual Petronas's Bumiputera vendor dinner last december.

Hassan never fail to attend unless he got very important meeting.

Carigali also pullout from their pakistan and mauritania deal.

what's up saudara..

dahseriknganpetrosawit 5 March 2011 at 12:31  

Sime darby again dato?


Anonymous,  5 March 2011 at 12:50  

Same goes for the MRT. We had a new neighbour setting up an shoplot office next to mine in Shah Alam. We chit chatted with their staff about their involvement in the MRT. A total new 100% bumi company and sub-contract it to a German company for a commission. Hurrah for NEM.

Suci Dalam Debu 5 March 2011 at 17:19  


I can vouch for what Joe Black and George Choo have stated.

This is coming from someone involved in the Oil & Gas for 29+ years now and counting.

PETRONAS is SICK now and the cancerous cells are spreading! I don't see how it can get better with the current team in place, playing a political game instead of truly working for the nation.

To save PETRONAS, we need to change the government. Even that is NO guarantee but with BN/UMNO, it is surely going down a very steep & slippery slope.

There are many hardworking stuff who are very frustrated with the incompetence of the upper management. Soon the middle management will just become as incompetent and the SH!T rolls downhill.

Really, I feel very sad pondering the future of Petronas & this country. We truly need a change of gigantic proportions.

We have to STOP BN from squandering our petro dollars.

Anonymous,  5 March 2011 at 19:52  

Sometimes abt 6 years ago, Petronas lost abt RM200 million from product trading by its wholly own subsidiary Petco. Nobody was chop. Believe me there are lots of inefficiency, anaomalies and wastages in the organisation. But because they keep on declaring billions of profit, the public does not know and assume that it is well run.

Anonymous,  5 March 2011 at 21:42  


Why bother to read our comment? Commoners like us feel hopeless. Though we're concern about the country resources but nothing much we can do. Sadly, we can only see our country's wealth being robbed by crooked politicians.


Anonymous,  5 March 2011 at 21:54  

How true you said about the Malays psyche? Malay who plunder the country are forgiven? Now look at the billions squandered by the very MALAYS who claim to fight for bangsa, ugama dan negara.

1) PKFZ White Elephant 14 Billion
2) 7.6 Billion Scorpene tin can
3) 500 Million halal commission on Scorpene
4) 810 Million palace ballooning to some 1.2 Billion
5) Maltrade II land grab by Naza, costing taxpayers some 2.2 Billion
6) Limbang off shore blocks L and M giveaway to Brunei of 320 Billion
7) Maminco ... cornering the tin market 2.2 Billion
8) Bank Negara Forex fiasco costing ? Billion
9) Perwaja Steel 15 Billion
10) Naval support ships to cost 2.5 Billion so we can do humanitarian service to Indo or Philipines as if earthquakes or volcanoes erupt every month
11) 60,000 APs worth 2.4 Billion given to a few umNOputras
12) 810 Million New Parliment ...
13) BMF scandal 4 Billion ... Carrian group
14) 6.75 billion to PSC Bhd for locally made naval vessels which were never delivered
15) 12.5 billion for economically senseless double tracking railway from Ipoh to the Thai border
16) Toyol 24 Million Palace
17) Missing jet engines ... what a joke.
18) MAS shares - Govt bought at $8 ringgit when market price was $3.5 ringgit
19) School classrooms and computer labs - 10 billion, direct nego. How much did the Government actually get?
20) Halal Hub - 2 billion spent, nothing done, only 200 million left
21) Armoured carriers - 8 billion going to be spent. By industry standards, a good armoured car will only cost half a million. Mindef will spend 30 million for each armoured carrier!

Anonymous,  5 March 2011 at 21:56  


Petronas is a Malay company arh? I thought Petronas is a company owned by the Malaysian Government for it's rakyat? Why would people want to claim that Petronas is the pride and joy of Malaysians of Malay heritage? OIC because it is a well run company?

Teruk la - soon we will run out of oil and by then it is too late as the robbers and thieves in UMNO would have empty all it's coffers.

Anonymous,  5 March 2011 at 22:15  


I work in the oil industry and have had a lot of dealings with Petronas. They are not the icon of good governance as they like people to believe. They are just like many other GLCs guilty of enriching a select few who are privileged. They are lucky not to be splashed in red ink just because they have this money churning machine, oil and gas which belongs to the nation.

Ask Petronas Dagangan the basis for spending money on fancy petrol stations etc. If there is money to be made, why are not Shell and Esso doing this? Perhaps there's money to be made by someone else?

Why invest in a a fancy 7 star hospital? Making money for whom?

It is high time Petronas' spending and decisions be scrutinised.

Anonymous,  5 March 2011 at 22:32  

Change the government to save Petronas? The opposition wants to save Petronas? The right thing to say is the opposition is eager to bleed dry Petronas. It is a joke to even suggest that the opposition is going to save Petronas.

With Hassan Merican, Petronas was in good hands. Without him, Petronas is still in good hands. There are many ways of running a business. Some people are suspicious of everything the government does. This cannot be helped. Just plain jealous.

The opposition - save Petronas? You cannot be serious. A monkey should never be asked to guard your bananas.

Anonymous,  5 March 2011 at 23:27  

Suci Dalam Debu

You feel the pain... and obviously helpless.

This is simply because in OUR country the learned are few, the ignorant illiterates are aplenty.

The latter ones are the ones you have to convince to help save the country.

It is no use, you can post everything you want and with many like Quiet Despair (the learned ones) and the rural folks , these guys will continue to vote BN or rather UMNO (because UMNO leads not BN)
so long as it denies the rights of other races. Racism is very real until the day they realised after another 10 years GDP of Singapore will be US50,000 while Malaysia still US7,000 (inflated dollars too)

I for one. give no hope for this country to change very much seeing the current scenerio and how a single person can own the entire country's money (from Petronas to all taxes collected).

What warped kind of system we have.

No cure lah.

Make hay while sun Shines.

Let it rot

Anonymous,  5 March 2011 at 23:49  

"And whosoever deceives his companions as regards the booty, he shall bring forth on the Day of Resurrection that which he took (illegally)(Quran 3:161)
The Messenger(PBH) said:"Whomever we appoint to a position of authority, and he conceals from us a needle or anything greater, it is misappropriation, and he will bring it forth in the Day of Resurrection"

Anonymous,  6 March 2011 at 01:19  


Wonder what the very big Petronas board is for. There's even Megat Najmuddin, the corporate governance champion, on that board.

But then again, much has been written about SC, the vain lady, her husband and their friends.

It's a lost cause. CG is just a scam. It can only exists alongside strong institutions. Don't see one anywhere.

Anonymous,  6 March 2011 at 01:44  

Anon 22:03

YES WE ARE SERIOUS,Opposition CAN save Petronas first by getting its accounts being transparent.

What gives you the idea between BN(or rather UMNO) is better than PR in governing? Have you not seen the huge masses of misappropriation and the massive loss of our competitiveness? Are you blind?

Just look at the number of stupidities and suspicious deals we have been having under BN.

Just look at ALL PAKATAN states NOW. You read about multi billion scandles and losses? But rather they are well run without problems...e.g. Penang , Selangor , Kelantan . Kedah is quiet but at least it is not scandalous being a rural state.

Go ahead and be an ostrich and self deny what is happening. Where on earth can Petronas account be confident? It is not a military organisation , it is a company doing business and just why should their accounts be confidential?

You tell me

Anonymous,  6 March 2011 at 02:29  

Thanks Dato Sak , for having the guts to write about Petronas.
If this article was written by a non-Malay, the writer would have been arrested by the police or sued till he loses his pants!

Anonymous,  6 March 2011 at 09:24  

actually tun mahathir must retire from petronas advisor to have a better petronas...somehow he is the the problem he left after retiring as pm of malaysia.......

Anonymous,  6 March 2011 at 09:56  

(I saw this comments in Mal Chronicle. What say you).
The new Malay is no more the 'nature's gentleman' Tun Hussein Onn spoke about.
The new Malays is lazy, corrupted, he fakes piety, greedy, racist and wants to be rich without having to work hard.
He wants high salaried employment with just a mediocre education. He wants crutches and handout. He wants discount even to buy a house. And he is proud of being a Malay.

And they are in UMNO and Perkasa/Perkida.

Anonymous,  6 March 2011 at 12:13  

Anon Said:

"actually tun mahathir must retire from petronas advisor to have a better petronas...somehow he is the the problem he left after retiring as pm of malaysia......."

The Dysfunction Continues in BOTH PETRONAS and PROTON...Where Dr M is Advisor for BOTH.

Nothing can be done to IMPROVE both PROTON and PETRONAS as long as the OLD MAN is in both companies. He will cause a Temper Tantrum that will cause Najib to Quiver!

Joe Black


Anonymous,  6 March 2011 at 14:10  

Can't imagine an asshole like anwar running the country. He'll be looking for assholes day and night. And he'll appoint an asshole to take charge of petronas. God forbid.

Anonymous,  6 March 2011 at 16:38  

Hei Anon! Tun Dr Mahathir set up Proton. Only a mental case will believe he wants to destroy it. Think about it. But then again you have a mental case. So you cannot use your head.

Anonymous,  6 March 2011 at 17:05  

Anon Said:

"Can't imagine an asshole like anwar running the country. He'll be looking for assholes day and night. And he'll appoint an asshole to take charge of petronas. God forbid."

The Change Going on in Egypt, Tunisia, Libya and Bahrain is not because they want a certain Mr X to be their PM or Leader...
They Just don't want the Unacceptable things that go on to continue going on!

Joe Black

sam/PRAY, it works,  6 March 2011 at 18:04  

Malaysia is in dire straits. Only the malays can help the country and themselves. Any chinese or indian stepping up is seen as a takeover. So step forward the good malays of integrity for God and country.

Anonymous,  6 March 2011 at 22:02  

Thank you Anon Said. But I think you are wasting your breath. The government may not be squeaky clean but we are all doing fine. The opposition take over? They cant even behave like adults let alone leaders. Look at the Perak State Assembly sittings. Are they the kind of leaders you want? I dont. I'll stick with the devils I know. The angels are in fact bigger devils in waiting.

Anonymous,  7 March 2011 at 11:53  

Anon 22.02

The government may not be squeaky clean but we are all doing fine.

Ha ha ha you make me laugh with this statement. If the loss of competitiveness and we today are outdone by tiny Singapore with no resources and getting worse, we are doing fine. Where is your pride? For your info, a guy(can be a Malaysian) works in Singapore the GDP is US37,000 and the same guy work in Malaysia gets US7,000.

yes you are doing fine... for your standard you mean. No ours. That is why we are advising our young to venture forth there or overseas.

The opposition take over? They cant even behave like adults let alone leaders. Look at the Perak State Assembly sittings. Are they the kind of leaders you want? I dont.

About the Perak Assembly... just look at the monkeys with no right to be there in the first place using "frogs" to rule. What legitimacy is there? and you love them .. they are the devils you know ...hahahah pity you. In fact this to most of us(not you) was the most shameful acts by the devil you know. LOL

About opposition taking over, tell us which current state ruled by the devils you know, can outperform Penang and Selangor?
Now these are the devils you do not know but the angels we know.

Sorry guy... go on dreaming.

Btw, the huge mega projects benefit the business class far far more than the worker class(hardly any govt worker classes)

So who do you think will benefit from the mega mega projects?

The nons just got fed up trying to help or explain. Good let it be and by the time it is over, who do you think will hold most of the wealth(then put overseas of course)?

Welcome to reality.

I'll stick with the devils I know. The angels are in fact bigger devils in waiting.

Red Kop 7 March 2011 at 12:34  

Yes its 1005 correct. It should be given to the right person.

Anonymous,  7 March 2011 at 13:47  

The opposition - save Petronas? You cannot be serious. A monkey should never be asked to guard your bananas.

You are so right. Look in the mirror.

Red Alfa 7 March 2011 at 15:33  

@anon 22:02

All that you can manage saying are the usual refrain of people who depend on and just trust the MSM for their daily information and critical analysis.

But your MSM will never be able to help you with Dato's "PETRONAS in the news". No surprise your views are repeating what are oft repeated ad nauseum.

..." not squeaky clean but we are all doing fine! "..

..." look at the Perak State Assembly. Are they the kind of leaders you want? "

Anonymous,  7 March 2011 at 18:12  

Now it's Kencana's turn. Is this a remake of Konsortium Perkapalan episode with the younger brother as the supporting actor this time around. The new episode retains the father as the main actor whilst Petronas plays the same character as the piggy bank.

What else is new?

Anonymous,  7 March 2011 at 19:00  


The Serfdom's Cybertroopers are on the offensive...

Melayu should cast away their Serf Mentality. Its difficult having been conditioned to be dependent on the Serfdom for so many generations..

If they wish to remain a serf into the future and fall prey to racist and corrupt predators, let's all accept Malaysia's fate i.e forever a second class nation until one day when their children or grandchildren decide enough is enough.

Joe Black

guwawijaya,  8 March 2011 at 08:27  

Datuk, interesting statement regarding "There is only political will for looting, plundering and crony contract dishing."

So how does one hide this fact? One distracts by brainwashing the Malays into a state of siege mentality, where the hordes (non-Malays) are at the gates, with only UMNO holding them back (MCA, Gerakan and MIC being loyal barbarians). That's where specialist units like BTN, some heads of school and universities, Perkasa, etc play an important role.

It may explain why some of your readers believe any form of criticism against Petronas or MACC or the Police or EC or a school principal, etc is a devious attack on an innocent Malay institute, a concept promoted and publicized by Utusan and gang.

Anonymous,  8 March 2011 at 13:21  

This is going to be looting on an enormous scale. I shudder to think what will happen.

Anonymous,  8 March 2011 at 13:55  

Anon Said:

"Hei Anon! Tun Dr Mahathir set up Proton. Only a mental case will believe he wants to destroy it. Think about it. But then again you have a mental case. So you cannot use your head."

The Roman Emperor Nero Built Rome... Guess What? He burned it down!

Hitler Started a World War to prove that he loved the German People and believed they were the chosen ones...You know the rest of the story...what happened to him and Germany...

The Old Man? Who knows what schemes he has in mind..A Memoir Perhaps?


dahseriknganmudahlupa 9 March 2011 at 16:55  

So called malay institutions are racist, what about the private sector?

As most private companies grow they tend to look for competitive advantages, the most powerful one is bribing.

corruption is not race based, please stop the insinuations, kau tim is a culture, we should start with education one school for all, take the chinese and tamil education system and study it, then assimilate it into the kebangsaan schools. If our kids don't mingle at a young age then they'd grow up just to be like us, isolated and racist.

ive met and studied with peralihan students, they are not geniuses, so dont paint such a bleak picture of our education system, its not great but its not that bad either.

end the quota system in education first, and set up more vocasional schools with better trained teachers.

im veering off topic but some of the comments here are down right nasty.

The malay malaysians are always at fault for voting in the party they trust in, the sad thing that party is not DAP....why? "negara islam over my dead body"!!!!!!

arrogant, idealistic or just plain ol STUPID???????!

Why is mahathir still making noise when he is not a parlimentarian? why is his son in politics? hello, why doesnt kit siang and karpal retire? why are their sons in politics?

so you tell me, malays are stupid and racist or just simply thinking about their well being?

id like to suggest opening up UITM to non malay students, it would be a great start and enormous gesture for such a MALAY(lazy, corrupt and useless)(sense the sarcasm dont ISA me ok!) institution to share its facilities to all deserving malaysians. we need to weed out the nimrods, seriously UITM grads these days, sheeeeesh.


Anonymous,  10 March 2011 at 20:30  


You sounded that Malays are the victims when the reverse is true.

Be frank, what is REALLY happening. Is the country going up or down?

When it started ? (the very second NEP was introduced and the term BUMI and NON BUMI came about until today continuing). facts are there.

The grumblings by many NON Malays here are not to say they are depriving the entitlements of Malays guaranteed under article 153 under the word "Special" (mind you special not total) but rather voicing their own rights not to be taken away.

The Nons are trying to tell the Malays that they are the only ones who can save and rectify the weaknessess now under their rule.

The nons would have not be able to do much.

But at last, this is not to be. You want to continue with the old ways where UMNO decides for all without question. You love to see day in day out cronies of all races making huge bucks while our net purchasing power is going down down and down. Of course so long that you get some goodies along the way (whether or not it is fair)

Now A MALAYSIAN working in Singapore earns US40,000 a year and the same chap will eart US8000 in Malaysia.

Do you know what you have missed? Do you know the disparity in 10 more years time? If I predict and state it , it would insult your intelligence so better shut up.

We, like many of my friends , are not waiting here and complaining. We are looking where prospects are while you guys fight over a little kampong market.

Meanwhile we can only use our vote while we are still around.

Btw, don't overuse "over my dead body" thing. Many of us do share the same feelings as the constitutions guaranteed freedom of religion.

The only problem is the enforcements (normal lah ).


Anonymous,  15 April 2012 at 18:49  

Suci Dalam Debu, Petronas is sick. Capable leaders are depleting by the days. Among its highest management, only Wan Zul, Anuar, Sam Miskon & Medan plus minus 5 more. The rest are just there thanks to cronyism and the influence of current management/government. The croonies however does not feel that it is bringing Petronas towards downfall and try to squeeze as much as it can - within and outside Petronas. Incapable people got promoted due to its croonist human resource policy. The critiques get sidelined or kicked out. The human resource is really 'policing' people instead of being human and bringing out the best in its talents.

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