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Since
Najib Abdul Razak took over the premiership in 2009, the national oil
and gas company Petronas has been instructed to move its overseas
investment into the domestic market to benefit his cronies and prop up
economic growth, claimed PKR director of strategy Rafizi Ramli.
Describing it as a "shortcut to benefit cronies", Rafizi (right)
said this has disrupted Petronas' strategy which has been in place for
the past 20 years to build up Malaysian international oil reserves to
ensure sustainable petroleum income for the nation.
Being an oil producer with strong international oil reserves, he explained, would enable Malaysia to take advantage of the trading margin which could be leveraged to lower our fuel prices.
Transparency lacking
Rafizi was answering a question from the floor on how Pakatan Rakyat would slash fuel prices if it captures Putrajaya, during a public forum on Budget 2013 last night in Petaling Jaya.
He also claimed that after former Petronas chief executive officer Hassan Marican stepped down in February 2010, reportedly due to friction with Najib, Petronas has stopped publishing information in its financial report on the breakdown of subsidy payments to the government, including the amount paid to independent power producers.
Rafizi,
who was an executive in Petronas before venturing into politics, said
during Hassan's leadership, there were always efforts to enhance
transparency in Petronas' operation and to keep the public informed about its operations, but the trend has been overturned after he was succeeded by Shamsul Azhar Abbas (right).
To a question on Employees Provident Fund (EPF), the accountant-turned-politician suggested that if Pakatan captures Putrajaya, it should pass a law to cap the amount of money that EPF can invest in government debt instruments to ensure EPF would not be abused.
The forum organised by Pakatan also featured political researcher Ong Kian Ming, who has just joined DAP, and PAS' economist Dzulkefly Ahmad as speakers.
Dzulkefly questioned the rationality of giving a RM200 rebate to those aged 21 to 30 years to buy smart phones, claiming that the proposal has actually benefited cronies even before it is implemented.
He pointed out that the total market capitalisation of three major telco companies - Digi, Axiata and Maxis - have gone up by RM8 billion since Budget 2013 was tabled.
Describing it as a "shortcut to benefit cronies", Rafizi (right)
said this has disrupted Petronas' strategy which has been in place for
the past 20 years to build up Malaysian international oil reserves to
ensure sustainable petroleum income for the nation.Being an oil producer with strong international oil reserves, he explained, would enable Malaysia to take advantage of the trading margin which could be leveraged to lower our fuel prices.
Transparency lacking
Rafizi was answering a question from the floor on how Pakatan Rakyat would slash fuel prices if it captures Putrajaya, during a public forum on Budget 2013 last night in Petaling Jaya.
He also claimed that after former Petronas chief executive officer Hassan Marican stepped down in February 2010, reportedly due to friction with Najib, Petronas has stopped publishing information in its financial report on the breakdown of subsidy payments to the government, including the amount paid to independent power producers.
Rafizi,
who was an executive in Petronas before venturing into politics, said
during Hassan's leadership, there were always efforts to enhancetransparency in Petronas' operation and to keep the public informed about its operations, but the trend has been overturned after he was succeeded by Shamsul Azhar Abbas (right).
To a question on Employees Provident Fund (EPF), the accountant-turned-politician suggested that if Pakatan captures Putrajaya, it should pass a law to cap the amount of money that EPF can invest in government debt instruments to ensure EPF would not be abused.
The forum organised by Pakatan also featured political researcher Ong Kian Ming, who has just joined DAP, and PAS' economist Dzulkefly Ahmad as speakers.
Dzulkefly questioned the rationality of giving a RM200 rebate to those aged 21 to 30 years to buy smart phones, claiming that the proposal has actually benefited cronies even before it is implemented.
He pointed out that the total market capitalisation of three major telco companies - Digi, Axiata and Maxis - have gone up by RM8 billion since Budget 2013 was tabled.
PM Najib if you have any trace of moral, integrity or manliness left, I challenge you to do what is right & honorable:
ReplyDelete1. Fulfill all of BERSIH ′s 8 electoral reforms without prejudice. Show the people you are sincere & honest & you don’t need to cheat to win to fleece the people for another term. 2. Arrest A. R. Baginda for RM500mil kick-back & for abetting in the murder of Mongolian Altantuya. 3. Detain Samy Vellu immediately for the MAIKA, MIED and Telekom share scandal. 4. Arrest Sarawak’s CM of 31 years. His plunder and theft estimated to be in excess of RM40bil = RM40,000mil ! after controlling all aspects of the economic activities. Capture Sabah’s Musa too. Investigate the deaths of Swiss Mansor and US’s Boyert. Repatriate their wealth and give it back to the people. 5. Fast forward the PKFZ scandal in courts to jail Ling Leong Sik. 6. Send Khir Toyo to prison for corruption & sack him from UMNO. 7. Send Shahrizat Jalil to jail after a fair trial & freeze all assets of the NFC. 8. Ask for the people’s forgiveness for the Perak coup. 9. Arrest Dr MM for all the apartheid & corruption in 22 years of rule. Forex loss of RM$30bil….a long string of crookedness & crime from Operation Lalang to London to Sabah’s ICs. His sons are directors of few hundred companies and drive the RM 5.5mill Bugatti Veyron…..Foreigners estimated him & family to be worth at least US$22billion. Freeze his wealth and bring it back to the Rakyat. 10. Uphold a fair 1 MALAYSIA for all races in Malaysia. I speak under NZ’s credentials of a top-ranking non-corrupt & democratic Nation.
PM Najib if you have any trace of moral, integrity or manliness left, I challenge you to do what is right & honorable:
ReplyDelete1. Fulfill all of BERSIH ′s 8 electoral reforms without prejudice. Show the people you are sincere & honest & you don’t need to cheat to win to fleece the people for another term. 2. Arrest A. R. Baginda for RM500mil kick-back & for abetting in the murder of Mongolian Altantuya. 3. Detain Samy Vellu immediately for the MAIKA, MIED and Telekom share scandal. 4. Arrest Sarawak’s CM of 31 years. His plunder and theft estimated to be in excess of RM40bil = RM40,000mil ! after controlling all aspects of the economic activities. Capture Sabah’s Musa too. Investigate the deaths of Swiss Mansor and US’s Boyert. Repatriate their wealth and give it back to the people. 5. Fast forward the PKFZ scandal in courts to jail Ling Leong Sik. 6. Send Khir Toyo to prison for corruption & sack him from UMNO. 7. Send Shahrizat Jalil to jail after a fair trial & freeze all assets of the NFC. 8. Ask for the people’s forgiveness for the Perak coup. 9. Arrest Dr MM for all the apartheid & corruption in 22 years of rule. Forex loss of RM$30bil….a long string of crookedness & crime from Operation Lalang to London to Sabah’s ICs. His sons are directors of few hundred companies and drive the RM 5.5mill Bugatti Veyron…..Foreigners estimated him & family to be worth at least US$22billion. Freeze his wealth and bring it back to the Rakyat. 10. Uphold a fair 1 MALAYSIA for all races in Malaysia. I speak under NZ’s credentials of a top-ranking non-corrupt & democratic Nation.