MAHATHIR’S CRUEL JOKE ON SABAH & SARAWAK – THE UNKINDEST CUT OF ALL? HOW DARE YOU ASK US TO BUY SHARES IN PETRONAS ‘IF WE HAVE THE MONEY’ WHEN ITS OIL & GAS COME FROM OUR STATES?

February 7, 2020

Dateline 2019-12-13, Malaysia Chronicle:

Anger is building up again in the East Malaysian states with Dr Mahathir Mohamad’s statement this week on the oil royalties.

Somehow we get the feeling that we have been led up the garden path by the Pakatan Harapan (PH) government.

Mahathir is now changing his stance and seems to have run out of ideas on how to deal with this sticky issue. His incoherent response to the oil royalties issue is sowing more confusion, creating a wider rift between the federal and state governments.

Mahathir in a Reuters interview said the government is considering selling stakes in Petronas to states where the company’s oil and gas fields are located. It seems odd that the oil-producing states like Sabah and Sarawak are now offered stakes in Petronas to help a debt ridden federal government.


Malaysian state open to buying Petronas stake after Mahathir comment

February 6, 2020

Didn’t 1MDB start out in Terengganu? Just saying.

Dateline 2019-12-11, Reuters:

Malaysia’s Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government.

Petronas, the world’s third-largest exporter of liquefied natural gas, is one of the biggest sources of revenue for the federal government that has a debt pile of more than 1 trillion ringgit ($239 billion).


Malaysia’s PM Mahathir considering selling stakes in Petronas to Sabah and Sarawak

February 4, 2020

Dateline 2019-12-11, Straits Times:

Malaysia is considering selling stakes in energy giant Petronas to two of its 13 states where the company’s oil and gas fields are, Prime Minister Mahathir Mohamad told Reuters, in a bid to raise funds for the debt-laden government.

Such a move may also give states such as Sarawak and Sabah a say in the running of Petronas, the world’s third-largest exporter of liquefied natural gas.

Tun Dr Mahathir said on Tuesday in an interview that the government could not meet a demand made by the states for a quadrupling of the royalties paid by the government-owned company to 20 per cent of its profit.


Dr M: The rich can’t take advantage of new targeted fuel subsidy scheme

December 18, 2019

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.


RON95 and diesel price to stay, RON97 will be floated — PM

July 5, 2018

Dateline 2018-05-30, The Edge:

The government will retain the current price of RON95 and diesel at the pumps, but the price of the premium RON97 petrol will be subject to a float system, Prime Minister Tun Dr Mahathir Mohamad said today.

“The price for diesel and RON95 will be maintained, but the price for RON97 will be floated according to the market,” Dr Mahathir told reporters after chairing the second weekly Cabinet meeting here today.

At present, RON95 and diesel are sold at RM2.20 per litre and RM2.18 per litre respectively, while that of RON97 is priced at RM2.47 per litre. The retail fuel prices have remained unchanged ahead of the 14th general election on May 9, despite crude oil prices rising to US$75.39 per barrel at the time of writing.


Dr M vows Kelantan will get oil royalties

November 29, 2016

Yeah, baby.

Dateline 2016-10-15, FMT:

In an effort to win the support of the Kelantanese, former premier Dr Mahathir Mohamad has vowed to pay oil royalties to the state government should the Barisan Nasional Federal Government be defeated.

Speaking to a 5,000-strong crowd at a ceramah here last night, Dr Mahathir gave his guarantee that Kelantan would enjoy the oil royalties which the state government had been demanding.

“If we win, then we can give the royalties,” he said to cheers from the crowd.


MTEM calls Petronas CEO names for purported mistreatment of Dr M

February 23, 2014

I missed the ranting and name-calling.

Dateline 2014-01-09, The Malay Mail:

In an expletive-ridden rant today, the Malay Economic Action Council (MTEM) castigated Petronas chief Tan Sri Shamsul Azhar Abas over the alleged mistreatment of the state oil firm’s former adviser Tun Dr Mahathir Mohamad.

The Malay business lobby group later retracted part of their emotional descriptions of Shamsul in a news conference, but related allegations of high-handed action against the former prime minister within 24 hours of Dr Mahathir’s departure from the Petronas office here last month.

“Is this how a national oil company treat a man who was very instrumental at turning Petronas into a Fortune 500 company and equipped with undeniable contribution in his 27 years and to date tenure?