Traders happy with GST-free fuel, retirees feel left out

December 18, 2014

Malaysian Insider, 2014-10-11:

Even as traders welcomed the goods and services tax (GST) exemption for RON95 petrol, diesel and liquid petroleum gas (LPG), pensioners are feeling left out of Budget 2015.

Petty traders interviewed by The Malaysian Insider around the Klang Valley and Penang said they were delighted with the government’s tax-exempt move for its positive impact on the cost of goods used for their business.

“We are happy that the price of petrol will not increase, this ensures that the price of other goods does not go up. This gives us relief,” said Zaki, a kuih seller from Sungai Buloh.

Besides RON95 petrol, diesel and LPG will also be zero-rated while electricity consumption from the first 200 to 300 units will be GST-free. This move is expected to benefit 70% of households.

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IEM – MPH Book Tie up

December 17, 2014

In case you haven’t noticed, your IEM membership brings you benefits at your local MPH store. Run, don’t walk.

Jurutera October 2014 IEM MPH

 

Jurutera October 2014 IEM MPH

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Petikan dari ‘Pantang di Cabar’

December 17, 2014

Tentang azam politik:

Walaupun Malaysia merupakan Negara penghasil bijih timah dan getah yang utama di dunia, pasaran Pertukaran Antarabangsa bagi kedua-dua bahan mentah ini duduknya di London. Pada tahun-tahun 60-an, semasa gasolin telah lama menggantikan arang batu sebagai sumber tenaga, Malaysia pada asasnya masih melaksanakan ekonomi sumber utama

…

Dapatkan buku ini dan buku buku lain dalam siri ini di sini.

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Shell starts oil production from Gumusut-Kakap deep-water platform in Malaysia

December 16, 2014

Ye, GuKa.

Deadline 2014-10-08, Oil & Gas News:

Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects.

The Gumusut-Kakap field is located in waters up to 1,200 metres (3,900 feet) deep. The platform is expected to reach an annual peak oil production of around 135,000 barrels a day, once fully ramped up. With oil production now under way, work on the gas injection facilities is continuing with an expected start-up during 2015.

“We are delighted to have reached this milestone with our partners,” said Andrew Brown, Shell Upstream International Director, “Gumusut-Kakap is our first deep-water development in Malaysia, and uses the best of Shell’s global technology and capabilities in deep water. The field is one of a series of substantial deep-water start-ups this year, driving returns and growth for shareholders.”

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Saturday Star 2014-12-13 – Job Opportunities

December 15, 2014

Happy Umrah. Buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). Where are those corporate sponsors? Or throw donations at me. I want to go for umrah.

  • I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
  • Nothing this week. Must be the drop in oil prices, and the ongoing layoffs. Anyone wan to point me to discounted engineers?
  • I hear that Technip is still looking for project managers, senior project engineers, project engineers for Libra FPSO Project & Rapid. > 5 years experience. Send CVs to me, and a donation, and I’ll forward it on. Or save yourself some money, and send it to Technip directly.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Food choice of the week? How if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.

How about some references to improve your health? I’ve been on this plan for about 16 weeks. Muscles have moved from buttery to rubbery.

You Are Your Own Gym: The Bible of Bodyweight Exercises, Body by You: The You Are Your Own Gym Guide to Total Women’s Fitness, 100 No-Equipment Workouts

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Malaysia’s O&G sector faces muted short-term outlook

December 14, 2014

Dateline 2014-10-06, Borneo Post Online:

Malaysia’s oil and gas (O&G) outlook remains uninspiring in the short-run as timing of contract news flows remains uncertain.

In addition, Petroliam Nasional Bhd’s (Petronas) cautionary statement has sent negative vibes to the sector and crude oil price remain uninspiring, the research arm of Kenanga Investment Bank Bhd (Kenanga Research) said in a recent sector analysis.

“Given our cautious outlook, we believe investors should stay stock-selective and focus on companies that either has significant order-book to support forward earnings visibility, and/or companies that have an exposure to the brownfield/rejuvenation segments (which are marginal fields, brownfield alliances, mantainance; well intervention), since Petronas might look to existing oil and gas fields to meet crude oil production goals and capital expenditure (capex) classified projects might see sluggish times ahead,” it added.

The research house explained, thus far, the upstream segment saw a slowdown in contract flows (RM1.4 billion domestic wins versus RM3.1 billion in the second quarter of 2014, or 2Q14).

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Help reduce fuel dependence, energy group tells Putrajaya

December 13, 2014

Dateline 2014-10-02, Malaysian Insider:

The government must help the public reduce its petrol if it wishes to continue slashing fuel subsidies, the Association of Water and Energy Research Malaysia (Awer) said today.

Awer president Piarapakaran S. said effective public transportation, proper road designs, EURO4 type fuel, energy efficient vehicles (EEV) and minimum energy performance standard (MEPS) for vehicles would lessen Malaysians’ energy dependence in the transportation sector.

“The implementation of EURO4 type fuel, EEV and MEPS for vehicles must be sped up as these are short-term solutions with immediate results,” he said in a statement.

He said the government should introduce more EEVs, as this would mean more vehicles that were environmentally-friendly and reduced fuel cost.
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No reason to raise petrol price when crude oil price is at a 3-year low – Chong Zhemin

December 12, 2014

Dateline 2014-10-01, Malaysian Insider:

Barisan Nasional has decided to increase the petrol prices at a time when the people are suffering from rising cost of living. This is not only a betrayal to the people’s trust but also a huge burden to the people.

And this is done when the international oil price has fallen to the lowest in nearly three years,

Yesterday, India and United Kingdom announced a reduction in petrol prices, making the petrol hike in Malaysia all the more ironic.

India announced a drop in petrol price by 65 paise (4 sen). United Kingdom has also reduce the petrol prices by 5 pence (27 sen). So, there is absolutely no reason for Najib administration to increase the petrol price when countries around the world are reducing petrol prices.

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IEM Shout Out – OGMTD 24th AGM

December 11, 2014

The Oil, Gas and Mining Technical Division AGM will be held at Wisma IEM C&S Lecture Room, Second Floor

It will be held at 11am on Saturday, 13th December 2013.

Register here, and download the flyer here. A map to Wisma IEM is presented here.

Since I’m the Advisor, come, y’all and heckle us. We also need a quorum, and need to vote in a new secretary / treasurer.

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IChemE Malaysia Awards for Innovation and Excellence 2014

December 10, 2014

Congratulations to the winners of the awards! I hope to be inspired by them.

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