Facts about Petronas:
1. Biggest contributor to the government's income.
2. Petronas contributed RM62.8bil or 44% of the government's overall income in 2008.
3. Petronas shares will not be listed in Bursa Malaysia to protect the country's interest.
4. There are 4 listed companies under the Petronas, as below:
(a) Petronas dagangan Berhad.
(b) Petronas Gas Berhad.
(c) MISC Berhad.
(d) KLCC Property Holdings bhd.
Speculated unknown facts about Petronas:
1. Has been used by the government to bailout projects since Tun M era.
2. Petronas projects and license in Malaysia must be dominant with Malay, which means u must have 51% Bumi equity to qualify for projects and license.
3. Force the existing oil and gas related companies to restructure their equity and employment to reflects the racial distribution.
4. Petronas vendor programme for petrol station is only applicable for Bumiputera.
5. Petronas's employment are dominated by Bumiputera.
6. Petronas's account is only given to the Prime Minister (nobody can get details from it).
3 comments:
Dear Mr Ching Hoong Liew.
For someone who has a degree in Science, you have not even verified your claims with facts.
There are numberous non-Malay station operators in Malaysia, for your information. Bumiputera dealers are the majority of course, which reflects the percentage of the population.
With this kind of unsubstantiated allegation, I wonder how the Economic Affairs of the Malaysian Chinese base think tank can really be of a good function to Malaysia besides making statements to incite racial harmony.
I advocate for an open market system which do not need to over protect our citizens with such affirmative action.
It was an unwritten law stated that the petronas vendors programme is only for Bumiputera (ranging from equity ownership from 51%- even 100%).
Yes, there are numberous non-Malay station operators in Malaysia, BUT, you wont see any non Bumi owned PETRONAS petrol Station.
Restructuring of ownership to reflects the percentage of the population is very annoying as you are disturbing people's businesses.
Why dont we advocate for a more liberal stand that allows more Joint venture to be happen between bumi and non bumi ?
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