Memaparkan catatan dengan label Economy. Papar semua catatan
Memaparkan catatan dengan label Economy. Papar semua catatan

Jumaat, 6 April 2012

Jumaat, April 06, 2012


Last month Sabah Al-Ahmad Global Gateway Logistic City in Clark Philippines was launched by His Highness, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait . On 27 Mar His Highness, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait visited the Clark Freeport for the renaming and re-dedication of Global Gateway Logistics City (GGLC).

The 177-hectare GGLC will now carry the name of the Sheikh in recognition of Kuwaiti huge investments in the GGLC estimated at over $1 billion.  Needless to say Dennis Wright, president of Peregrine Development International Inc. (Peregrine) went all out to provide a temporary venue unlike anything ever seen before at Clark city.  it was estimated that his company spent well over 10 million pesos in preparations.

It was one hell of a project and the mission was carried out to perfection.  You should have seen the tents, the stage, air-conditioning units, sound system, banners, etc.  Even someone with as much money as the Sheikh had to be impressed.  The GGDC is the corporate arm of the Kuwait and Gulf Link Holding Co. (KGL) in the Philippines which is developing the logistics city.  There are a lot of initials to deal with here, GGLC, GGDC and KGL.  Whatever, they are all connected in developing the Logistics City and we are talking mega bucks.

The Emir flew into into Clark at noon time after a four day state visit.  On his drive to the GGLC he was treated to views of his likeness on each lamp post along the route he traveled.  The Sheik probably had to be impressed and then to see the set up at the designated site had impressed the hell out of anyone looking at it, and, so we can easily imagine how he felt. But, being a cool Sheikh he held a straight face throughout the whole ceremony.

This project definetly will be able to provide more work opportunities for the people especially in Clark and Angeles city area.

Source: Harry The Horse

Selasa, 7 Februari 2012

Selasa, Februari 07, 2012

We want 100% oil ownership to Sabah, NOT only 5%!

Yes, you heard it. We Sabahan want 100% oil revenue and ownership  NOT 5%.  Give back what is belong to us Sabahan. Stop robbing oil from Sabah. I agree with this article from Raja Petra Kamarudin of

Stop robbing oil from the states
By Raja Petra Kamarudin

Give or take, give and take, they are both four letter words, just as Umno is (pun intended). Nevertheless, we can expect Umno to be confused about when to use the word “give” and when to use “take”. However, Pakatan Rakyat too?

As Julius Caesar said, “Et tu Brute?”

I am talking about the 5% oil royalty “given” to Sabah and Sarawak (and, of course, to Terengganu, as well as to all the other states as well: in the event that they too have oil and gas).

Yes, both Barisan Nasional and Pakatan Rakyat are currently discussing how much royalty should be “given” to those states that have oil and gas.

How do you “give” them something that already belongs to them in the first place? Should not the word we use be “take”? We should instead be discussing how much we should “take” from them, not how much we should “give” them.

Let me explain the history of this entire thing.

The oil and gas already belongs to the states. This is what the Malaysia Agreement and the earlier Federation Agreement was all about. And, in that agreement, it was agreed that all natural resources would be the property of the states.

No doubt, some things such as defence, security, foreign policy, etc., were federalised. But religion and natural resources are supposed to be the prerogative and property of the states.

Water, timber, land, sand, minerals, etc., all belong to the states. As do oil and gas. These are what we call natural resources. Hence they belong 100% to the states, not 5% or 20% or 50% or whatever.

Now, Umno is, of course, misleading us. They are talking as if all natural resources, except oil and gas, belong to the states and that oil and gas belong to the federal government. That is not true. And to suggest otherwise is a violation of the Malaysia Agreement.

And I would expect better from the opposition. Why is the opposition sounding like Barisan Nasional and talking about how much oil royalty to “give” to the states?

Discovery of oil

Oil was first rumoured to have been discovered in Terengganu even before 1972, during the time that Nik Hassan Wan Abdul Rahman was the Menteri Besar of Terengganu and Tun Abdul Razak Hussein the Prime Minister of Malaysia. And I said rumoured because the discovery of oil was never officially announced but was something that was being whispered in the corridors of power.

Why the hush-hush? Well, because the government had to first sort out some “loose ends” before announcing the discovery of oil.

So they did not want anyone to know about it until the federal government could ensure that the oil was “transferred” to the federal government. If not, 100% of the oil revenue would go to the state of Terengganu.

In the meantime, they secretly sold the oil to foreign buyers. The oil was transferred from the oil rigs to the ships in the middle of the sea and was exported. Only some people knew about it, the Petronas officers being some of those people.

Lim Kit Siang came to find out about this secret arrangement and there was a hue and cry when he revealed that the oil was being stolen from Terengganu. It seems a Deep Throat in Petronas had told him about it. Exxon, in collaboration with Petronas, were fingered as the chief conspirators.

A crisis was about to explode. There were rumours that all the documents in the Exxon office in Kuala Lumpur suddenly disappeared and reappeared in Singapore the following day.

Then, suddenly, the whole thing mysteriously died down and nothing more was said about the matter. No denial or rebuttal was ever issued.

Soon after that, the Menteri Besar went into conflict with the Sultan and was forced to resign. He was also exiled from Terengganu and was not allowed to ever set foot on Terengganu soil again as long as the Sultan was still alive. He never returned to Terengganu until the Sultan died.

The tense moment in that entire episode was when the Sultan’s brother stormed the Menteri Besar’s office and pointed a gun at the Menteri Besar’s head. The Sultan’s brother too was exiled to Pahang and only returned to Terengganu to attend the Sultan’s funeral.

The BN oil plan

Meanwhile, Tun Razak came out with a plan on how to bring PAS into the federal government. PAS had to be neutralised if the federal government wanted to grab Terengganu’s oil.

The idea to form Barisan Nasional was mooted and all the opposition parties such as PAS, PPP, Gerakan, etc., were invited to join Barisan Nasional.

In 1973, BN was launched and PAS became part of the federal government. In 1974, the new ruling coalition in Parliament (where all the opposition parties except DAP were now members of) passed the Petroleum Development Act and the oil and gas were transferred from the states to the federal government, meaning Petronas.

To keep the states quiet, they were given 5% as a token “oil royalty”.

This was like the whites taking away the Native American lands (then called Red Indians) by giving them worthless beads as payment.

Now, if the federal government had power over oil and gas, why the need to pass the Petroleum Development Act in Parliament? Just take it! But they couldn’t just take it. Oil and gas are the property of the states. So they needed to pass an Act of Parliament to legalise the illegal takeover of state property.

There was, of course, some resistance to this move, in particular from Sabah. But all resistance was silenced when the dissenters died in a mysterious plane crash that has never been properly explained until today.

Pakatan should stop talking about how much oil royalty to “give” the states and whether it should be increased from the current 5% to 20% or 50% or whatever. That is BN type of talk.

Correcting the injustice

The federal government is actually taking what belongs to the states. Therefore, you should be talking about how much you should take: whether 95% like now, or whether you reduce what you take down to 80% or 50%.

If we go by the spirit of the Federation Agreement, then you should take nothing. You should return 100% to the states. The most you can do is to levy a tax, like the timber export tax, palm oil tax, etc. That is all the federal government can earn. Even if the tax is 35% or 45%, never mind. But it has to be tax on the profit of the sales or a form of export tax or sales tax, whether you make a profit on the sale or not.

We always talk about Rule of Law and not Rule by Law. The Petroleum Development Act is a classic example of Rule by Law. They passed a law to legalise something illegal: meaning, nationalising state property.

We must now correct this injustice and call a spade a spade. The federal government has been robbing the states of their oil for the last 40 years and has been giving them a mere 5% of the proceeds when it should be 100%. That is the reality of the situation.

Lim Kit Siang of DAP knows about this. He was the one who revealed what was going on even before most people knew that oil was being extracted from Terengganu.

And Tun Salleh Abas of PAS also knows about this. He was the “architect” who drafted the Petroleum Development Act.

So no more talk about how much to give the states. We must now talk about what we are taking from the states.

Raja Petra Kamarudin is a popular blogger based in Manchester, UK.

Ahad, 24 Julai 2011

Ahad, Julai 24, 2011

Additional 1% levy for renewable energy

Government looks at additional 1% levy for renewable energy
By TheStar Online

PETALING JAYA: An additional 1% levy to cover cost associated with the feed-in tariff (FiT) scheme for renewable energy (RE) will be suggested next year on top of the 1% levy to be implemented from Sept 1, says Energy, Green Technology and Water Ministry (KeTTHA) deputy secretary-general Badaruddin Mahyuddin.

“The 1% levy on consumers using above 300kWh (kilowatt-hour) per month starting Sept 1 is for the RE fund.

“Another 1% will be suggested to be a levy on the same group of consumers to help funding for solar energy next year,” Badaruddin said when contacted yesterday.

On Tuesday, Badaruddin said the ministry had proposed to the Cabinet the introduction of another 1% levy for solar power generation. However, he said KeTTHA would have to “go back to the Cabinet next year” to present the additional 1% levy as it was not on an automatically approved basis.

The Government had earlier announced an average electricity tariff hike by 7.12% from June. The increase comprised a 5.12% hike to reflect the upward revision of natural gas price to the power sector, and a 2% rise in base tariff for Tenaga Nasional Bhd to partly recover from the higher of cost of power supply since June 2006.

Badaruddin said households consuming 200kWh or less a month would not be affected by the RE levy. In total, 4.4 million households or 75% of Malaysians will not be affected.

Asked if the levy of 1% to be implemented in Sept 1 was part of the 7.12% hike or an additional 1% on top of the hike, Badaruddin said: “Yes, the 1% for RE fund will be additional, to be levied on consumers using 301kWh and above per month, come Sept 1.”

“The tariff increase is 7.12%, the 1% is considered as a levy to help boost our country's RE programme,” he said.

Badaruddin said the ministry was currently working for the Sustainable Energy Development Authority (Seda) to be set up so that the governing body could implement RE measures by Sept 1.

Seda will be responsible to manage the FiT mechanism for RE in the country as well as to award licences to renewable energy players for the production of RE.

Badaruddin said although the Government had announced a tariff hike recently, the 1% levy for RE had not been incorporated into consumers' bills.

“Seda will only get the 1% levy from September. However, to kickstart the RE, the Government will allocate RM189mil to finance the higher rates that TNB will be paying for RE,” he said.

Rabu, 5 Januari 2011

Rabu, Januari 05, 2011

RON97 And Kerosene Up 10 Sen AGAIN???

RON97 and kerosene up 10 sen per litre from midnightKUALA LUMPUR: The prices of RON97 petrol and kerosene will be increased by 10 sen respectively effective midnight, said Petrol Dealers Association of Malaysia (PDAM) president Datuk Hashim Othman.

With the increase, RON97 petrol will cost RM2.40 per litre (previous RM2.30)while kerosene will be sold at RM2.50 per litre.

Hashim, when contacted, said that he was informed about the increase by the authorities, tonight.

The government announced on July 16 last year that the price of RON97 will be subjected to a managed float to reflect the price of petrol in the global market.

The last time price of RON97 went up was on Dec 1, 2010 when there was a 15 sen increase.

Today’s increase will, however, not affect RON95 petrol that remains at RM1.90 per litre, diesel RM1.80 per litre and LPG RM1.90 per kg.

According to a report today, oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) increased to US$89.79 at the start of the week.

- Bernama