timber timber...

The 'timber' issues (in bold) apply to our state, something that we don't realize, even myself included.

PETRONAS a victim of its own success

MUCH has been bandied recently in the press about PETRONAS and it would appear that in a rather unfair way PETRONAS has been a victim of its own success.

Having worked in PETRONAS in the 80s through the mid-90s, I think I am in a position to offer certain insights about PETRONAS.

First, if PETRONAS was not formed way back in 1974, petroleum resources in this country would have ended up in the same current state of affairs as timber i.e. in the control of the respective state governments.

Why has it not dawned upon any politician or NGO to question what has happened to or, more pertinently, who have been the beneficiaries of timber revenues? Why is there no similar call for transparency on the accounts of the state governments or their statutory agencies entrusted with regulating or managing the timber resources, which are also the assets of the rakyat?

Secondly, with the ownership and management of all petroleum resources consolidated under a company, not a statutory agency, the former Prime Minister Tun Razak created the opportunity for PETRONAS to be run as a business by professionals. And this was well before the privatisation era of Tun Dr. Mahathir.

This opportunity was not fully exploited in the formative years of PETRONAS as its management and staff were on the learning curve in understanding the oil business and dealing with the multi-national oil companies. With the entry of Tan Sri Azizan in the mid-80s and subsequently Tan Sri Hassan Marican, that opportunity was exploited and, as we now know, with much ensuing success.

Having worked through those earlier formative years of PETRONAS, I wish to highlight that the public ought to realise that it has taken a lot of hard work for PETRONAS to be now accepted by the oil majors as a company they can and wish to do business with, in particular outside Malaysia.

By the same token, just like any professionally managed company, there are certain confidential information and trade secrets that PETRONAS cannot divulge without adverse impact on its own business.

Most importantly, I must on behalf of all right-thinking Malaysians salute Tun Razak for his wisdom and temerity to push through the resistance of certain states, in particular Sabah, to consolidate the ownership of petroleum resources in this country under Petronas.

Look at how difficult it is today to deal with the consolidation of management of inter-state water utilisation, water being another state-owned resource like timber.

Without PETRONAS, we could have ended up not quite differently from the timber situation and the petroleum resources would selectively produce some individual oil barons in oil-producing states, not unlike our timber tycoons.


Petaling Jaya

Source: The Star, 20 June 2008



Something interesting I read in the news today. Big Grin

A HUSBAND suspected his wife was having an affair with another man. He was wrong. To his shock, he discovered a VCD with explicit scenes of his wife having sex with a woman.

Harian Metro reported that the woman was the wife’s office colleague and the affair had been going on for the past few months.

The paper said the man grew suspicious when his wife came home from work with love bites on her body. He thought she might be fooling around with a male colleague.

He confronted his wife, who denied having an affair with any man.

A whole new light was thrown on the affair when the husband found the hidden VCD and discovered that his rival was a woman.

Hmmm... Thinking


Vincent Robert (1956-2008)


mr vincent

Vincent Robert
29/04/56 - 14/06/08

The saddest day indeed on 14th June 2008 for those who knew Mr. Vincent Robert who sadly passed away in Tambunan. He was 52 years old.

Rest in Peace

Muhammad Izuan Zainuddin
Your 'Young Man'
Maribumi Sdn Bhd (2004-2008)


how am i doing?

Been very, very, super lazy lately...especially since my big move to KL. ezooone@seweng's last post was exactly 17 days ago. My last few posts were nothing, except a few ramblings about football (which I had to post, since it involved Man Utd winning trophies! Star). Even the ongoing Euro 2008 doesn't entice me much, combining the fact that that dumb box (with Astro okay!) is not present in my house as yet. Sigh... Sigh

But this morning I found out that my good friend, Fadz, who's paraplegic, had set up her own blog. So all of a sudden I found that urge from inside to continue on. And here I am... Batting Eyelashes

Anyway, for those who are eager to know back home, life has been...okay. After barrely 3 weeks, the transition has been somewhat smooth. In the beginning it was quite complicated. Well, staying with relatives isn't as easy as it may seem. But once I moved to my present location, and got my car, things have at least become easier. Well, except for that increase in petrol prices of course! 40 percent?! At wits end

Here I have to get used to waking up early, and going to work early. Compared to driving out of the house 15 minutes before the 8 am back home, here I have to move out 1 and a half hours earlier! But as the days gone by, I have adjusted to time, and have found out that I can actually move out much later, and still reach office early, though fractionally before 8. Big Grin

The only problem here is of course, everything is money, money and money! Just like what Emelda told me. Looks like I have to work extra hard to move up the ladder as fast as possible, and rack as much money as I can, from this so-called oil company...hehehe... Winking

See ya people! Missing home...

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