Friday, August 15, 2008

PM: No fuel price reduction before Sept 1

The prime minister had announced on Aug 1 that beginning Sept 1 the retail price of petrol will be streamlined and based on the average monthly market price of world crude oil with the government maintaining the subsidy rate at 30 sen per litre.

What happen to oil royalty for Sabah? Did Petronas explain why subsidy arises?

So who actually benefitted from this subsidy payout scheme?
If the amount is in the neighbourhood of RM 1 billion, then long term deposit with a commercial bank, Pos Malaysia or indirectly, ECM Libra would have made RM 39 million per annum or RM 106, 849.32 daily.

That is not including the management or services fee that Pos Malaysia charges the Government for this service. If the charge is just 1.0% of the amount, it means Pos Malaysia would have made RM 50 million per annum free income without incurring significant operations cost. If the pay out amount for the year is in multiples of RM 1 billion, then the profits will be realised will be on the same proportion.

That is definitely a great business model for the owners of ECM Libra, which include Riong Kali and Khairy Jamaluddin, two of PM 'Flip-Flop' Abdullah's closest advisers! related stories...the people's sufferings

20 comments:

  1. Where does Petronas money goes apart from paying taxes to the government? Can anyone enlighten me on this?

    ReplyDelete
  2. What to do? just wait lah...

    My Malay labour said "Janji naik harga minyak bulan Ogos tapi bulan Jun pula dah menjadi. Kalau pasal nak turun harga penepati janji pula"

    I hope our Malaysian sportman can win a medal in Beijing for Malaysia as nothing cheering had happen since Mac 8, 2008

    www.ketuananrakyat.blogspot.com

    ReplyDelete
  3. Even IF the prize goes down a bit, let say a few cent, nothing else will change or do you think the prize for rice, vegie, chicken or power will go down? I do not think so!

    ReplyDelete
  4. permatang pauh by election punya pasal. minyak nak bagi turun... syabas pelakon handalan aka AAB teruskan usaha memperbodohkan rakyat jelata...syabas

    GKB Chief

    ReplyDelete
  5. Ignore, ignore and continue to ignore. The Prime Minister increase the fuel price then later announced that beginning Sept 1, price of petrol will be streamlined. This is only a show BN is trying to put. Or perhaps the BN trying to put their luck on the line to convince the people in Permatang Pauh that BN candidate Datuk Arif Shah Omar Shah is the right Man for the people.
    Where is the 20 % loyalty to Sabah? Why only promise to reduce oil price but when the By-election is near?
    What about SAPP request for the oil loyalty?
    Ignore, ignore and continue to ignore. A tagline for the Prime Minister of Malaysia.

    ReplyDelete
  6. well, do you still trust our beloved PM?

    ReplyDelete
  7. Get rid of BN and UMNO will solve our problem for 50 years

    ReplyDelete
  8. 勿為穩定犧牲民主‧胡逸山:亂就亂有甚麼錯?
    大得空的人 @ 9342 on 2008'年'08'月'12'日' (136 x 网民/会员)
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    Last modified on 2008-08-12 9:08:45 by 大得空的人


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    www.thefreemedia.com
    308全國大選後,沙巴政治詭譎充滿變數,牽動國陣聯邦政府的掌政大權,沙巴人民不滿聯邦政府施政的聲音,亦沙巴進步黨主席楊德利投首相不信任票的動議後,局勢從暗湧變成明潮。

    16歲考進美國加州大學,8年內考獲3個學士、2個碩士及1個博士學位,而一度引起全國震撼的沙巴前“神童”胡逸山博士,如今已從“神童”晉身“神童學者”,對國家政治與經濟課題針砭時弊,言詞犀利,備受好評。

    這位在亞庇土生土長的沙巴子民接受《光明日報》敢敢問時,連珠炮地表達他所謂的“大部分沙巴人的心聲”,同時抨擊聯邦政府長期忽略沙巴的發展,而且往往是後知後覺,亡羊補牢,令他們非常失望。

    對於國家的經濟,他痛斥聯邦政府處理得一團糟,所以政府應該要理解那些要求“把爛衣服換掉”的心聲。對於政治亂象,他直接說:“亂就亂,有什麼錯?我們不可以為了穩定而犧牲民主”。

    政治亂象篇

    政府處理經濟一團糟

    問:前副首相兼人民公正黨顧問安華一直強調奪權大計,從來都不隱瞞其未來首相的野心,但在國家經濟衰弱,人民生活負擔百上加斤之際,安華的做法是否帶來反效果?

    答:現有的政府處理經濟課題一團糟,人民要求換政府換新口味是可以理解的。(記:但不少人抱怨政治亂象叢生,而擔心安全?)亂就亂,有什麼錯?我們不可以為了穩定而犧牲民主。如果我們犧牲民主,長遠來說的代價是沉重的,使國家出現一個獨裁政府。

    衣服爛了就要換新的

    問:有人說,如果我們一味講究民主,可能會發生大家都不想看見的事?

    答:也許會發生,但穩定不是說要一個政府永遠做下去,穩定是大家可以心平氣和接受權力輪替。這就如沙巴人所說,衣服爛了,就要換新衣服,當年(1985年)沙巴人就摒棄人民黨,選擇團結黨成為州政府。

    國陣和民聯都那麼亂

    問:安華三番四次表明聯邦政府就要變天,但每次都是“狼來了”,你認為有此事嗎?916改朝換代是真是假?

    答:現今的政局是瞬息萬變,今日不知明日事,任何局面都會發生,兩邊(國陣與民聯)都那麼亂,不到最後一分鐘都不會揭曉。這就像看連續集,每集都有高潮,今天你贏,明天輪到我贏,隨時都會變化,所以916可能有利於朝,也可能有利於野。在這種局勢下,經濟更要努力,政府的經濟政策要明智,人民也要自強,不能一成不變,否則隨時會被暗流沖走。

    巫回密談不健康現象

    問:你對巫統與回教黨密談有什麼看法?對國家的局勢有多大的影響?

    答:他們談論馬來人大團結,非馬來人也可以搞一個非馬來人大團結運動,這在我國多元種族社會是不健康的現象,在我們強調摒棄種族化的時候,卻再度走向種族政治兩極化。

    沙巴民怨篇

    楊德利訴求引起共鳴

    問:你認同楊德利向聯邦政府所提出的訴求,能夠表達沙巴人的心聲?

    答:楊德利的一些訴求確實能夠引起很多沙巴人的共鳴。首先,佔一半人口的非法移民問題滋生已久,當地經常發生罪案,使沙巴人身受其害,但沙巴人覺得聯邦政府沒有認真處理。

    第二;要求石油稅增至20%。沙巴產油量不少,但只獲5%石油稅。坦白說,如果沙巴是一個發達的州屬,也許5%不算很少,但沙巴是全馬最窮的州屬,貧窮率高達23%,沙巴希望石油稅增至20%是相當理想的,並可幫助州內的發展。

    如果聯邦政府不加以關照沙巴進步黨的訴求,反而草率處理,後果是相當嚴重的,也使沙巴人民對聯邦政府的支持有所改變。

    政府對東馬後知後覺

    問:常聽說,東馬長期受到聯邦政府忽略及不公平的待遇,就算308大選後,情況仍然沒有多大的改善。身為沙巴子民,你有什麼感想?

    答:是,特別是沙巴,我們對國家的貢獻絕對是多過我們所得回來的。如果沙巴今天是發達的州屬,扶貧救弱很有道理,但我們不是啊。在聯邦政府以西馬為中心的概念下, 對於東馬往往是after thought(後知後覺)。

    如果不是東馬,國陣就組不成聯邦政府, 但國陣總是after thought;例如委任內閣部長,竟然只是委任東馬議員擔任重要度沒有那麼高的官職。結果,after thought,“是哦,沒有給夠,給你議長、副議長、國陣後座議員俱樂部主席副主席……夠了嗎?還有什麼好講?”這令我們感覺,這就是我們獲得的待遇。

    應取消國內海運限制

    問:你認為聯邦政府哪一方面的施政有欠公平?

    答:聯邦政府應該取消國內海運限制(cabotage policy)政策,讓所有外國和本地船只可以自由停泊,以協助沙巴的經濟發展。目前,所有往東馬的貨船必需在西馬港口卸貨,再由西馬的一或數家政府授權 的船運公司,以高價運到東馬;同樣地,東馬也必需先運貨到西馬港口,才能出口貨物。這無形中加重東馬的製造業成本。

    你知道諷刺到什麼程度嗎?每個從巴生港口運往香港的貨櫃運費,竟然比同樣從巴生港口運到沙巴的價格還便宜,可見這幾家公司的暴利多麼恐怖。政府應該向這幾家壟斷市場的公司徵收暴利稅,而不是向沙巴的棕油小園主徵收暴利稅。

    希望東馬也有副首相

    問:你認為民聯提出的副首相和納閩聯邦直轄區回歸沙巴州自治,對沙巴人有多大的吸引力?

    答:聯邦政府不太可能會把副首相讓給沙巴,由沙巴和砂拉越輪流擔任就有可能,惟到時大馬不會只有一位副首相。這當然具有吸引力,也是我真正希望的,但也可能是一個被架空的職位。所以,要看有沒有實權,虛位很快會失去吸引力。

    對於納閩,我和一般沙巴人有一點不同的看法,我認為要胥視納閩居民自己的意願,誰的安排與措施對納閩有最大的利益,就走那一條路。政府應該要檢討,為何納閩這個岸外金融中心做得不成功,毫不熱鬧?為何國外的岸外金融中心這樣成功?是否我們的管理與經營不善,還是優惠不高?

    手記採訪
    神童變名嘴

    這是我第二次專訪胡博士, 眼前的他比兩年前略為“發福” , 但他的睿智才學、能言善辯的本色,卻比兩年前出色得多,頗具“名嘴”的大將風範。

    兩年前,他感嘆大馬的教育制度注重考試,使他“小時比較孤獨,朋友也不多”;兩年後,他感嘆大馬的經濟政策不明智,增添人民對政府的反感;而對於自己是否參政的問題,儘管也是“沒有”,但這一次的答案卻是內有乾坤,令人揣測多端。

    議政不問政

    308大選前,國內不少青年才俊被招入政黨,披甲上陣,但偏偏不見胡逸山的蹤影。我問他為何不參政?他半開玩笑地說自己參政已久,因為議政(政治評論家)也是參政的方式,只是沒有問政。

    我說傳言沙巴某政黨也有找他時,他卻小心翼翼地說:“對於來找我的各別朝野政黨,我不作回答。他們是有來找我,但我謝絕他們的好意。”

    當我想再追問時,他卻繼續說:“但我不排除以後有積極問政的可能性,如果有一天,國家到了必需要我出來救國時,我一定義不容辭……就像古人文天祥。”

    原來,胡博士是要在國家有難時橫空出世,成為救國的英雄。雖然他一而再三強調“神童”是以前的事,兩次專訪都要求我不要叫他“神童”,但國難當頭時,國家也需要“神助”啊。

    胡逸山
    年齡:34歲
    學歷:3個學士(機械、航天工程及德國文學)、2個碩士(工學和國際工商管理)及法學博士。
    職業:政治評論家、聯合國顧問、大學講師、研究學者、專欄作者與演說家等

    http://thefreemedia.com/index.php/news/21282

    ReplyDelete
  9. In recent news,read about Singapore Minister Mentor and mentoring on division one, two, or three team for countries.

    Malaysia too have Minister Mentor or rather Mentors but read what mentoring all about and lead in what direction for its future generation in progress and development!
    So what say you?

    We should thank LKY for his mentoring reminding us instead of getting angry over him.

    ReplyDelete
  10. This is the problem with the Umno-led BN government - always think that the people are stupid when they (Umno/BN) are in actual fact not that smart.

    Why can't the PM reveal the rate of the imminent fuel reduction now if he was really sincere about it?

    The catch/stake is - the Permatang Pauh by-election.

    BN just can't afford to reduce the fuel price now when it needs all the money that it could get, from whatever sources there are, to fight against Anwar in the coming by-election.

    This is also the same reason why the BN-led government reneged on its election promise prior to the March 8 general election that, there won't be any fuel price increase this year. Simple answer - BN just needed to replenish its funds for billions of Ringgit spent during the election campaign.

    And the other reason is probably because after loosing the 2/3 majority and five states to the opposition, the Umno-led BN government realised that their days are probably numbered hence, are now going all out to siphon whatever public money/state assets they could lay their hands on.

    One good example was the payment of the RM625 fuel rebate to motorists through the Pos Malaysia Bhd. We really do not know how much money are going to be siphoned off through this flawed and dubious scheme.

    After almost five decades of blatant lies, fraud and oppression by the BN ruling coalition, the people of Malaysia had awaken on last March 8 and are now fighting harder - for a better future for their country, their family, their children and their future generation.

    Dear fellow Sabahans, if we love our country, our family and our children, then we must give our full support to leaders like Anwar Ibrahim, Lim Kit Siang, Lim Guan Eng and Yong Teck Lee, for change of regime for a better future for this country.

    To people like Pairin, Dr Max, Dr Yee, Chin Teck Meng, Raden Malleh, Johnny Mositun, Kurap, Chong Kah Kiat, VK Liew, Teo Chee Kang, Raymond Tan, Edward Khoo - go to hell!

    ReplyDelete
  11. Sabahans are not stupidAugust 16, 2008 at 2:31 AM

    Dompok, who is also United Pasok Momogun Kadazandusun Organisation (Upko) president, said there is still hope that the federal government would raise the oil royalty for Sabah from three percent to five per cent.

    -----------

    ???? 3% was it not 5%???? before???

    ReplyDelete
  12. Who is telling us the truth? Now is 3% and we thougt it is 5%.

    Prize will go down??? No way! BN needs all the money they can get there hand on! Ppl are not important....only money!

    I wish DSAI all the luck in this world to win big! Tis is the last chance for Saba and Malaysia to become a fair and developed country! Miss it and you will join the many islam countries in the world and run behind for ever! Do not give up this opportunitie! Foer the sake of your children!

    ReplyDelete
  13. The problem with Malaysia now is that those in power dont know what they are doing. One day they say one thiong the other day they said another.

    Things are done on "piece meal basis"

    Let thing happen first or let people die first then do something about it.

    SINGAPORE: The political problems faced by many countries in Asia are due to oney politics but the problem did not take root in Singapore because "We have a DIVISION ONE team in charge".

    Yes he is right! Look at UMNO election. If you want to be a division chairman, you use money. When you win, you go higher. The higher you go, the better a chance to secure govt jobs at premiem price. You use that money as a "war chest" for the next election.

    If you look at our general election, voters are paid RM10, RM20, RM50, RM100 ... You win as wakil rakyat.

    Thus he said you put a Division Three Team! So what do you expect from a Division Three Government?

    YOU GIVE PEANUTS AND YOU GET MONKEYS! Thats right you have clowns running the country like UMNO.

    Dont ever again allow UMNO to lead us again, Please.

    ReplyDelete
  14. August 15, 2008 15:55 PM
    Herald Has Been Publishing Other Than Religious Issues, Says Dompok

    PUTRAJAYA, Aug 15 (Bernama) -- Minister in the Prime Minister's Department Tan Sri Bernard Dompok said Friday that the Catholic newsletter, Herald, has been writing about other things besides religious issues from time to time.

    He said the newsletter had previously written about social and poverty issues as well as policy direction but had not raised any attention from the government before.

    He was asked to comment on talk that the newsletter would be suspended for putting out an editorial on the Permatang Pauh by-election when its publishing licence was for religious publication.

    "I was told that the article is meant to ask the people to pray for Malaysians who are voting in Permatang Pauh, and what decision they are going to make. I don't know the rest of the content so I think it will not be fair for me to comment," he told reporters after launching the Public Complaint Bureau's (BPA) website here.

    Meanwhile, Dompok, who is also United Pasok Momogun Kadazandusun Organisation (Upko) president, said there is still hope that the federal government would raise the oil royalty for Sabah from three per cent to five per cent.

    He said although the matter was brought up last June, no decision had been made so far.

    Asked when he would again raise the matter, he said it was still early as it had not even be a year since the general election but there is still hope as the federal government so far has kept its word, especially in handling the illegal immigrants matter in Sabah.

    "I certainly am still be very hopeful and that whatever request that have been sent to the prime minister regarding Sabah will be given due attention."

    Asked to comment on Parti Keadilan Rakyat (PKR) advisor Datuk Seri Anwar Ibrahim's confidence to form a new government come ept 16, Dompok said: "I think we have to allow them to claim whatever they want. I think we know that it is something that is not possible. I just do not see the figures (on MPs jumping party)".

    He said Upko would be very happy to help in Permatang Pauh by-election but it was up to Barisan Nasional (BN) on whether its help was needed.

    -- BERNAMA

    ReplyDelete
  15. Based on US EIA provided data, 8th of Aug average price per barrel is USD 118.64 but Malaysia crude oil is USD 129.89. See! Malaysia crude oil is expensive than the rests.

    Greenback is stronger so everyone suffer but only two industries were beneficiary, they are Petronas and Palm oil company. So reckoned on that, country earns a big profit within this month even subsidy is RM 0.30.

    ReplyDelete
  16. I think petrol/diesel price will come down before Sept.1. Shahrir Samad mentioned on TV that the mechanism for price variation is ready. Only have to wait for PM to announce it.
    If it happens, it will be good. But on the other hand, look's like it's because of PP by-election. Look like BN-Umno will do anything to stay in power.

    ReplyDelete
  17. MAS profits fall 65% in second quarter

    Malaysia Airlines profits for the second quarter plummetted 64.6 percent from a year earlier to RM40 million on surging fuel costs, the company said today.

    MCPXIt said it managed to sustain profits for eight successive quarters "despite an extremely challenging business environment," and warned of "extremely challenging" times ahead.

    "The perfect storm has landed, with the high price of oil taking a heavy toll on the industry. 25 airlines have declared bankruptcy while airlines in the region have declared massive losses or lower profits," CEO Idris Jala said in a statement.

    "It's an extremely tough environment, and with overcapacity and global downturn, the situation is going to get even more challenging," he said.

    For the six months to June 2008, net profit was down 35 percent to RM160 million ringgit while revenue was 7.0 percent higher at RM7.53 billion from RM7.03 billion a year ago.

    Hike in fuel charges

    Jala said the airline was aggressively working at mitigating high fuel prices through its own pricing and other measures to ensure leaner operations and boost revenue.

    It has already axed loss-making routes, hiked fuel charges by 25-80 percent on most routes, imposed a freeze on recruitment and launched a low-fare campaign to sell otherwise unsold seats.

    "Such measures are proving to be effective, and I am pleased that we were able to make a net profit of 40 million ringgit in the most difficult business environment in the airline industry's history," Jala said.

    The company said the business environment will likely remain challenging as fuel prices remained high, while passenger demand falls on a global economic downturn.

    It posted an all-time record profit of RM851 million for the 2007 financial year, ending a series of disastrous losses.

    in the news........

    ReplyDelete
  18. Now the next surprise is coming our way!
    Only a coal plant is good for Sabah. Bullsh....! We have gas, why not use it? Why go out and buy coal from Indonesia and China if we have our OWN gas? Why use a dirty technik if we have a more cleaner technic for a gas plant? Why becoming again dependent on something other countries dictating the prize? Who has open pockets for this deals? Not the Sabahans! Because they will lose out on Tousists! Good air quality, Walter quality and on the end power and electricity will go the same way like oil......we should use what is given for free....Sun! Waves and Wind! And we should not go for something outdated like a coal plant!

    ReplyDelete
  19. 为了应对来势凶猛的峇东埔补选,阿都拉似乎乱了方寸,只要可以为未来几周给国阵取得分数,阿都拉可以在所不惜启动国家的任何资源以应付瞬息万变的补选,我敢肯定的,阿都拉会在峇东埔补选前几天降低油价,以达到缓和沸腾不满的民怨,不过,到底效果是否彰显,倒要看看补选的成绩结果了。If BN win Permatang Puah By-Election.I guarantee you 1 September 2008; unleaded Petrol RM2.70 to RM3.10 and Diesel RM2.58 to RM2.98.Because BN ruler lead by UMNO's $$DOLLAR$$ Badawi.they can't read how suffer it is rakyat jelata. remember when the PM annuonced hike oil price starting people will protest but you eventually adapted the high oil price situation.Pls continue to vote BN or reject BN (the booldy bastard)for better future.

    ReplyDelete
  20. and now, sabah gas are being siphoned out, without any benefit to the sabahan.....

    ReplyDelete