Why Malaysia’s Malay business lobby is obsessed with Petronas


Dateline 2014-01-11, The Malay Mail:

As chief of Malaysia’s sole Fortune 500 company which accounts for nearly a quarter of the country’s revenue, Petronas chief Tan Sri Shamsul Azhar Abas has drawn his fair share of critics, though none appear as focused and vehement as the Malay Economic Action Council (MTEM).

In an interview this week, MTEM chief executive explained that the Malay business lobby group was no racial hardliner that had a personal vendetta against Shamsul’s merit-driven leadership, but was merely frustrated with the oil-and-gas giant’s seeming indifference to criticism, especially from the country’s Malay-Bumiputera stakeholders.

“For us, Petronas is not a (Bumiputera) issue, it’s a Malaysian development issue,” Nizam Mahshar told The Malay Mail Online.

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