Dateline 2019-10-14, FMT:
Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail has finally announced the targeted Petroleum Subsidy Programme (PSP), mooted almost a year ago.
In this scheme, RON95 petrol will be floated and Cost of Living Aid (BSH) recipients will receive between RM48 (for motorcycle owners) and RM120 (for car owners) every four months.
The move will cost the government approximately RM65.4 million a month or RM784 million annually.
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Posted by Wata
Hahahaahahahahaha. Reaaaaalllly, 1MDB nation?
Dateline 2019-10-11, Malay Mail:
Tun Dr Mahathir Mohamad has commended the new Targeted Subsidy Programme (PSP) for petrol as it will ensure that only the correct group will receive the benefit.
Addressing a press conference after the tabling of Budget 2020 in Parliament today, the prime minister said that the RM30 fixed amount which will be deposited into the accounts of eligible car owners will ensure that the rich will not benefit from the subsidy.
“The subsidy’s fixed amount of RM30 is deposited into the accounts of car owners.
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I put this in as a safety reminder, and a blatent example where in Malaysia, the press supports bad science and lack of fact checking. Please invite me to show you how helium can cause an enormous non-explosion.
Dateline 2019-10-12, Malay Mail:
There were anxious moments at Dataran Putrajaya this morning when helium gas inflated balloons used as props for a fitness event exploded, injuring 16 participants, including children.
Nine children and seven adults, some of whom were participants and the rest visitors, were hurt during the incident at the tail end of the Education Ministry’s 2019 National Sports Month event.
The victims, aged between four and their 30s, were rushed to the Putrajaya Hospital where some are still being treated at the Emergency and Trauma Department.
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Dateline 2019-10-12, The Star:
The RM2.2bil fuel Targeted Subsidy Programme (PSP) will be launched in January next year and is expected to benefit more than eight million motorists.
Finance Minister Lim Guan Eng said individuals who owned not more than two cars and two motorcycles were eligible to receive PSP for one vehicle.
The qualifying criteria is for the passenger car to have a 1,600cc engine and below or 1,600cc and above which is more than 10 years old.
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Dateline 2019-10-11, NST:
The government will allocate RM2.2 billion for the proposed Fuel Subsidy Programme (PSP), which is set to benefit more than eight million motorists nationwide.
Motorists in Sabah and Sarawak, meanwhile, will continue to enjoy a fuel price ceiling of RM2.08 per litre for RON95 and RM2.18 per litre for diesel, said Finance Minister Lim Guan Eng in his 2020 Budget speech today.
“Should the Sabah or Sarawak governments wish to participate in the PSP, the federal government is ready to accept the request.
“Individuals who own no more than two cars and two motorcycles are eligible to receive PSP for (only) one vehicle. All luxury vehicles will not qualify to receive the targeted subsidies,” he said.
He said the PSP will be launched in Peninsular Malaysia in January next year, with two eligible recipient categories.
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Dateline 2019-10-12, Malay Mail:
The 2020 Budget tabled by Finance Minister Lim Guan Eng yesterday will present a new economic direction for Malaysia, providing catalysts for the country to compete in the global stage, said Johor Petroleum Development Corporation Berhad (JPDC).
According to its chief executive Mohd Yazid Ja’afar, the budget also provides equal economic opportunities to all its citizens, ensuring the existence of physical infrastructure and facilitating a system to support economic growth.
The focus on the development of the digital economy and the provision of highly skilled workforce, particularly in the technical and technology-related areas will also be a factor in attracting foreign investment, and opening up many opportunities for new industries to be based in Malaysia, he said.
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Posted by Wata
Dateline 2019-10-12, Malay Mail,
The federal government does not discriminate against the Kelantan state government over the payment of petroleum royalty, state Pakatan Harapan chairman Senator Datuk Husam Musa said.
He said the Kelantan state government needed to scrutinise the reason why the federal government had not paid the petroleum royalty to the state when the full payment had been made to Terengganu.
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Don’t know about you, but that is a lousy excuse no matter which side of the pagar you are on.
Dateline 2019-10-08, The Sun:
Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail (pix) says vehicle owners in East Malaysia will not receive petrol subsidies as consumption in Sabah and Sarawak is relatively lower than in the peninsula.
However, he said the price of RON95 petrol in the two states will be capped at RM2.08 per litre.
He also reiterated that the subsidy programme is meant to benefit those in the lower income group.
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Posted by Wata
The International Association of Oil & Gas Producers (IOGP) joint industry project (JIP33) on Standardization of Equipment Specifications for Procurement had a Industry Day on 18th November, 2019. I was one of those invited to attend.
My notes and photos (contributed by others) can be accessed here. If you have your notes, you can comment on mine. The actual presentation slides are here.
The docs are available at https://www.iogp-jip33.org/ (subscription required),
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Posted by Wata
Dateline 2019-10-10, Hellenic Shipping News:
The Malaysian Gas Association (MGA), the nation’s lead advocate for the local gas industry, welcomed the delivery of the first third party liquefied natural gas (LNG) cargo, a testament that the natural gas market reforms in Malaysia remain on track to ensure sustainability of the industry.
The regasification terminal at Sungai Udang in Melaka received the cargo on October 7, – the first since the Third Party Access (TPA) came into force, said MGA in a statement today.
It said the first third party LNG cargo proved that Malaysia is on course to a transition towards a vibrant and sustainable gas market.
“Efforts must also be focused on increasing demand for gas within the country. Higher demand will create more opportunities for third party to enter the market and spur investment to develop upstream indigenous gas that will further strengthen the long-term security of supply.
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Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 