Sarawak party urges state govt to impose 20pc sales tax on petroleum

February 2, 2019

Dateline 2018-12-30, Malay Mail:

State Reform Party (STAR) president Lina Soo today urged the Sarawak government to impose a 20 per cent sales tax on petroleum and petroleum products to fund schools and infrastructures.

She said the state government should also start a sovereign fund for the future generations from a certain percentage of the revenue collected from the sales tax.

“It is time that Sarawak starts looking after ourselves to catch up with the other states, instead of being their cash cow for as long as we remain in the Federation of Malaysia,” Soo said.

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Natural gas reserves in S’wak sufficient for 17 years, says assistant minister

January 1, 2019

Dateline 2018-11-09, Bernama:

The natural gas reserves discovered in Sarawak are estimated to be sufficient for 15 to 17 years at a daily production of 5,000 MMscf, says Assistant Minister for Corporate Affairs Abdullah Saidol.

He said it was important for the state, through Petroleum Sarawak Bhd (Petros), to enforce and protect production sharing contracts for several revenue streams in the state.

“52.7 percent of the country’s discovered gas reserves are in the state and it was also the largest natural gas producer in Malaysia at 52.89 trillion standard cubic feet,” Abdullah told the Sarawak Legislative Assembly in response to a question from Aidel Lariwoo (Sadong Jaya – BN) in Kuching today.

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5pc tax on petroleum products will affect market, says Azmin

December 28, 2018

Dateline 2018-11-07, The Star:

The Sarawak government’s move to impose a 5 per cent sales tax on petroleum products produced in the state will not only affect Petronas but also the market, said Economic Affairs Minister Datuk Seri Azmin Ali.

He said the matter should be discussed further as any increase in costs due to additional tax would lead to lesser demand as it would be more expensive than products produced in other oil producing countries.

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Go beyond technical limits, local engineers, technicians urged

December 27, 2018

Dateline 2018-11-08, Borneo Post:

Local engineers and technicians must have the motivation to take on some challenges by going beyond the technical limits of engineering to help solve the problems here.

The Upskilling Sarawak Engineers and Technicians (USET) taskforce chairman Pau Kiew Huai said now with new challenges, engineers and technicians need to think of innovative ways to do things correctly.

He said this during the Institution of Engineers, Malaysia (IEM) conference on plant reliability at Kidurong Club on Tuesday.

He said this is where the taskforce comes in to help in the capability building of engineers and technicians in Sarawak to cope with modern world and the challenge of new technologies.

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Sarawak to impose sales tax on petroleum products

December 22, 2018

Does this include plastics?

Dateline 2018-11-05, Malay Mail:

The Sarawak state government will impose 5 per cent sales tax on all petroleum products next year, Chief Minister Datuk Patinggi Abang Johari Openg said today.

“This will take effect on January 1 next year,” he said when tabling the state Budget 2019 in the state legislative assembly.

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STAR: Sarawak should get part of Petronas dividend

December 20, 2018

Dateline 2018-11-03, Malay Mail:

Sarawak should have a fair share of the RM30 billion special dividend that state-owned Petroliam Nasional Berhad (Petronas) will pay to the federal government, State Reform Party (STAR) president Lina Soo said today.

She said Sarawak is producing as much as 800,000 boe (barrel oil equivalent) per day, and with the oil price hovering around US$77 per barrel, it is equivalent to RM250 million on a daily basis.

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Oil royalty dispute to hinder Sarawak

December 13, 2018

Dateline 2018-10-23, Malaysian Reserve:

Not many appreciate the fact that Malaysia is currently one of the largest oil and gas (O&G)-producing nations in Asia, producing about 720,000 barrels of oil per day in 2017 — accounting for about 9.8% of Asia’s oil production and 73 billion cu m of natural gas in 2017, the highest in South-East Asia.

According to the Department of Statistics Malaysia (DoSM), the country’s GDP stood at RM1.17 trillion in 2017 with mining and quarrying (97% crude oil, condensates and natural gas) contributing about 9% or RM98.4 billion to the economy.

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