Adakah Kenaikan Subsidi ada Kaitan dgn PRU-13?

Melihat kepada beberapa trend yg berlaku sejak sebulan ini memberikan semacam petanda yg PRU-13 semakin hampir. Kemungkinan adalah seawal tahun depan samaada sebelum bulan June 2011 @ selepas Budget 2012.

Kenapa idaknya, sebab Pilihanraya Sarawak pun belum diadakan lagi. Mandat utk BN akan luput pada bulan June 2010. Tidak mungkin Pilihanraya akan diadakan pada bulan ini mahupun bulan Januari @ Februari kerana dekat dgn Gong Xi Fa Cai. Satu lagi dgn kenaikan harga minyak & penghapusan subsidi sekarang menunjukkan yg kenaikan dilakukan sekarang bukan tahun depan.

Jika dilakukan tahun depan lagi parah rasanya kerajaan BN. Kerana selalunya rakyat akan reda @ redo dgn kenaikan harga dalam lingkungan 3~6 bulan. Maka jika PRU diadakan pada bulan 6 tahun depan maka sempatlah Kerajaan umumkan insentif yg bakal menjadikan rakyat gembira.

'Approach' yg digunakan adalah lebih kurang macam 'stail' Tun Mahathir bila waktu beliau memegang jawatan Perdana Menteri selama 22 tahun. Tapi ia tak mengejutkan sbb beliau merupakan mentor kepada Dato Seri Najib. Antara tanda-tanda yg menguatkan akan adanya PRU-13 adalah :-

~ Presiden MIC bertukar tangan - Utk menguatkan support kepada BN
~ UMNO menangguhkan pemilihan cawangan & bahagian
~ Kenaikan subsidi sekarang & bukan tahun depan - Utk kurangkan effect sentimen rakyat. comments

Ron 95 Increase 5 cent.. Thank you Govertment..

What can i say, despite all the oath & janji to the rakyat not to increase the fuel tariff for Ron 95 this year yet they still increase it. Very dissapointed on the recent development. Well, i still remember the governess this year make an oath not to increase the price. But yet they still increase it.

So what's the different between the government lead by BN compared to PR.

The one thing i cannot tolerate is people lying.. This is not what i expected from the government. Maybe for opposition government is a norm but not this..

* This is among the 'janji' by the government not to increase price of Ron 95
* When people start lying the credibility of the government start to tarnish.

p/s: Please don't bull shit about what will be saved by cutting subsidy cause its not the people on the street who will received it but someone else.. Anyway please show the rakyat what has been spend for the saved money by increasing ron97 middle of this year? Terima kasih Kerajaan BN~~ comments

Subsidi ~ Penyelarasan @ Kenaikan?

Dua hari lepaih kita dikejutkan dgn kenaikan barang2 'hangat' iaitu :

~ Minyak (Ron 95 & Ron 97) ~ 5 sen

~ Gula ~ 20 Sen

~ Diesel & Gas Memasak

Seperti yg lepas-lepas cek amat bersetuju dgn penghapusan

subsidi minyak secara berperingkat. Sebab apa? Kerana seperti

yg sedia maklum subsidi minyak terutamanya dinikmati oleh

golongan berada. Mungkin sampai satu tahap mereka dapat

subsidi melebihi cukai yg dibayar.

Kastam misalannya perlu dirombak barangan yg diharamkan memasuki

sempadan perlu dimasukkan barang kawalan yg bersubsidi seperti gula,

minyak masak & beberapa barang keperluan lain. Ini utk mengelakkan

rakyat negara jiran kita tidak menikmati subsidi yg tidak sepatutnya.

Benda-benda ini sebenarnya berlaku terutamanya di Johor bilamana

rakyat Singapura selalunya membeli belah barang keperluan di JB. Letakkan

KPI pada Kastam di sempadan utk dapat tahan sekurang-kurang sejumlah

tan barangan larangan.

Langkah kerajaan utk mengharamkan ROn95 dijual kepada rakyat negara

jiran dialu-alukan. Bagus!!.. Biarlah RON97 diapungkan mengikut harga

pasaran kerana kita sudah sedia maklum yg RON97 hanya digunakan

kereta berkapasiti tinggi seperti BMW & Mercedes yg mana mereka ni

tidak layak menerima subsidi.

Dalam keadaan ghairah menghapuskan subsidi, ketirisan, penguatkuasaan

& pemantauan diperlukan utk mengekang kesempatan yg diambil oleh

segolongan peniaga yg bakal mengambil kesempatan terhadap kenaikan

harga barang ni. Jgn hanya bercakap utk mintak rakyat faham & pada masa yg sama penyeludupan berlaku & pemantauan tidak berlaku. Kalau tidak, masakan dalam TV1 baru-baru ini ni Sg. Golok gambar nyata penyeludupan nampak berleluasa.

Walaupun dilihat NGO memberikan pandangan yg berbeza-beza. Adalah

adalah menjadi satu kewajipan kerajaan menggunakan lebihan @ penjimatan

subsidi ini ke golongan sasaran berwajib. Cek dgn sendirinya akan

melihat dgn pengurangan subsidi tersebut bermakna kerajaan mempunyai

sedikit LEBIHAN DUIT yg bakal dijelmakan ke Kementerian yg berkenaan.

HARAPANNYA ia akan dinyatakan DALAM Budget 2011 yg bakal dibentangkan

tak lama lagi. Kalau tak dak. Maka tau-tau sajalah yg mereka ni

cakap tak serupa bikin.

Pada sayalah. Yg memakai kereta dalam RM 70 sebulan. Iaitu bersamaan lebih kurang 35 liter sebulan. Kenaikan 0.05 sen tidak begitu terasa iaitu hanya sekitar RM 1.75 sen.

Tetapi bagi mereka yg byk duit pakai keta berkapasiti tinggi & byk travel atas urusan kerja maka mungkin 350 liter sebulan maka dia terpaksa bayar 'extra' sbyk RM17.50. Rasa masih ok bagi mereka almaklumah duit byk.

Tapi bagi org kampung yg pakai 3.5 liter sebulan. Maka mereka hanya perlu bayaq extra 17 sen. Jadi betullah mekanisme subsidi sebenarnya perlu dihapuskan secara berperingkat terutama minyak kerana ia byk menguntungkan org berada & byk duit.

p/s: Huih, Nak kena mintak company naikkan mileage rate..

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Subsidi oh Subsidi

Kelakar mendengar kata Pak Menteri yg cakap negara kita mungkin akan jatuh bankrap seperti Greece jika terus menerus memberi subsidi kepada rakyat. Nasiblah Boss Pak Menteri telah menjawab semula kegusaran rakyat ttg kenyataan diatas. Susulan itu cek juga ada mendengar sesi kerusi panas dgn 'Unit Perancang Ekonomi' & soal jawab di bernama radio (93.9). Byk pendapat yg dilontarkan & diberikan. Segala macam justifikasi diberikan oleh mereka yg menyokong & menentang.

Pada cek-la. Subsidi merupakan isu yg amat besar & panjang lebar. Utk memendekkkan cek berpendapat subsidi perlu dilihat @ diuruskan mengikut kepentingan & kumpulan sasaran. Tindakan memberhentikan subsidi secara drastik bukan sahaja menyusahkan rakyat malah akan menyebabkan inflasi terhadap negara.

Jumlah subsidi berjumlah RM74billion adalah merangkupi segala macam subsidi termasuklah subsidi makanan (RM3.4billion), bahan api (RM23.5billion), bidang sosial (Rm42.4billion) & infrasrtuktur (RM4.8billion). Dibawah mungkin antara pecahan subsidi seperti diatas.

Subsidi Makanan :
Gula, Beras, Minyak masak, etc2.

Pada cek antara subsidi yg baik utk diteliti semula adalah subsidi gula, subsidi makanan lain tak payah la 'revise'. Tetapi dalam pada subsidi ini perlu diteliti semula persediaan rakyat diperlukan antaranya bagi gula kerajaan perlu membuka AP gula & tidak terhad kepada 4 syarikat sahaja. Pemantauan diperlukan & biarlah harga gula diapungkan seperti di negara luar. Tetapi biarlah tempoh persediaan diberikan kepada rakyat & biarlah lambakkan gula berlaku maka effectnya adalah kurang. Maka kita kurangkan gula!

Subsidi makanan lain patut dikekalkan seperti beras kerana ia merupakan barang keperluan utama rakyat baik miskin @ kaya.

Subsidi Bahan Api :
Minyak utk kegunaan awan (petrol/diesel), subsidi gas utk IPP (independent power plant), subsidi gas utk sektor perkhitmatan awam, nelayan & pengangkutan.

Subsidi utk nelayan @ yg mengarah kepada kepentingan umum (pengangkutan awam) patut diteruskan. Tetapi faktor ketirisan subsidi perlu ditangani utk mengelakkan subsidi jatuh ke tangan mereka yg tak sepatutnya.

Cek menyokong utk subsidi minyak & petrol kepada kenderaan dikurangkan. Tetapi ia memerlukan mempunyai satu mekanisme utk memastikan hanya mereka yg layak berhak mendapat hasil subsidi tersebut. Senario seperti ini berlaku yg menunjukkan yg penerimaan subsidi yg tidak adil bagi yg mempunyai kenderaan mewah & mereka yg tidak (mungkin diadakan sistem kuota bagi setiap pengguna). Walaupun begitu utk memberi keadilan kepada golongan pertengahan @ yg berada, kerajaan perlu mempromosikan kenderaan yg jimat tenaga seperti hybrid di Malaysia.

Kerajaan perlulah mempromosikan & menghapuskan 'tax' kepada green vehicle utk memberikan peluang kepada golongan berpendapatan sederhana memiliki kenderaan tidak bergantung @ menggunakan minyak yg tinggi. Jadi taklah terasa sangat jika subsidi petrol dikurangkan dari semasa ke semasa.

Subsidi terhadap rakyat asing perlu dihentikan & dipantau terutama sekali di sempadan utk mengelakkan subsidi minyak jatuh kepada rakyat asing. Subsidi gas terhadap IPP & TNB juga perlu dikurangkan dari semasa ke semasa kerana IPP & TNB memperoleh keuntungan berlipat ganda dari tahun ke tahun hasil disebabkan oleh subsidi berikut.

Subsidi Sosial :
Biasiswa, Pendidikan,

Subsidi sosial perlu diteruskan kerana inilah satu-satunya subsidi yg 'make sense' & mempunyai kesan jangka panjang dr segi pembangunan negara. Cuma subsidi tersebut perlu diberikan kepada mereka yg miskin & berpendapatan rendah. Bukannya kepada mereka yg mempunyai 'connection' dgn kementerian @ kerajaan.
.....................
Yg penting subsidi memang perlu diteliti mengikut keperluan semasa. Mana-mana subsidi yg tidak menepati golongan sasaran & pendapatan rendah perlu diteliti & ditambah baikan. Sistem subsidi masih diperlukan tetapi perlukan sentuhan & memberi kesan kepada semua lapisan masyarakat bukan menguntungkan sesetengah pihak.

Lihat pandangan menarik dr JMD juga.. comments

Wang Ehsan ka Royalti? ~ Semua kami yg Punya (PAS Kelantan)

Menjawab soalan daripada MP PAS Kelantan baru-baru ini, Perdana Menteri Malaysia mengumumkan rakyat Kelantan akan diberi wang Ehsan hasil daripada minyak di persisir pantai Kelantan walaupun pada hakikatnya ia berada dibawah kerajaan pusat. Bermacam-macam 'feedback' diterima samaada menyokong @ menentang.

Seperti biasa, PAS dgn lantangnya melalui Husam Musa berkata dgn bongkaknya mewakili rakyat Kelantan mengatakan Kerajaan Negeri tidak mahu menerima wang ehsan tersebut. Pada saya apa masalahnya? Terima ajalah apa-apa bentuk wang. Lagipun Kerajaan Pusat telah berjanji & akan mengadakan perbincangan bersama ttg bagaimana wang tersebut bakal di salurkan ke rakyat Kelantan.

Cek setuju dgn pandangan Ibrahim Ali bahawa "Mana penting politik @ rakyat? Saya pilih kepentingan rakyat. Ia juga merupakan fokus utama Kerajaan Pusat iaitu mengutamakan rakyat". "Siapa dapat nama, pahala, pujian @ undian itu soal kedua, apa yg penting kebajikan rakyat diberi keutamaan" Haa... Inilah cakap-cakap wakil rakyat yg betul.

Kita tgk pulak ada kata Husam. "Kerajaan negeri akan melantik peguam bagi membuat kajian mungkin membatal hak carigali kepada Petronas yang ditandatangani pada 1975 sekiranya tuntutan royalti minyak tidak dipatuhi kerajaan pusat". Tu dia garang sungguh bahasa. Seperti macam cakap bagi duit tu pada kami Kerajaan Negeri. Pandai2 la kami belanjakan.

Bercakap macam senang sahaja. Tindakan undang2 terhadap kerajaan mahupun Petronas akan menemui jalan buntu. Sebab kalau idak dah lama Kelantan ambil tindakan undang-undang. Kenapa sekarang dituntut sedangkan Kerajaan Pusat bersetuju utk bagi wang ehsan? Kalau tak silap cekla, mengikut undang-undang 3 batu nautika daripada persisir pantai semua hasil galian adalah tertakluk dibawah pengurusan kerajaan Pusat. Jika kerajaan pusat nak bagi wang ehsan @ royalti adalah tertakluk kepada budi bicara kerajaan pusat. Itu mmg hak dia. Macam juga kalau dia nak bagi peruntukan lebih kepada Pulau Pinang atas World History Heritage.

Jadi mudah saja, kepada tak dapat apa baik dapat 'something'. Orang dah bagi pun syukur. Jadi takyah la dok mintak2. Takkan kelabu mata kot bila Najib umum wang ehsan. Al-maklumlah bila bab duit adik beradik pun boleh gaduh. Inikan pulak org politik. Nasihat cek drpd dok cakap merapu & mintak yg belum tentu dapat, maka terima sajalah apa Kerajaan Pusat nak bagi lepaih tu berbaik-baiklah. Lagipun yg untung org Kelate. Bukan org Kedah pun..

p/s: Tak pernah dgq undang2 kat dunia ni bila jumpa minyak di persisir pantai menjadi hak milik kerajaan negeri. (tapi kalau fakta ni salah tolong betulkan) comments

Fuel Drop & Subsidy..

Recent fuel price drop of $0.15 was said not reflecting current price of oil which is USD $60-70 per barrel. Yes it does not reflect. Still its still a good system of revising the fuel price every month or one every two weeks.

I've been against use of public money for subsidy since the 1st fuel price hike. Why ? U need to read my last article. Since now the fuel price were dropping so rapidly, this is the time for the government to reduce the subsidy received gradually. Let say $0.05 cent.

Why? Since the rakyat already used to the high fuel price & most of them were used to berjimat cermat attitude already. Some of the rakyat already change their car to gas operated power & others were already change their lifestyle by using motorcycle & public transport.

The government shall go ahead with the plan of improving public transport & facilities. The drop of this fuel price is not permanent. Its just temporary following the economy slumps by US & other countries. This fuel hike will again increased in the future, government & rakyat shall be prepared for it.

Not to continue more. I would like to suggest several things :

1- Reduce subsidy gradually.

2- Used the global pricing system. Or pack our fuel price accordance to international fuel price with still there's some fixed subsidy to our rakyat. Let say $fuel price - 0.30 subsidy..

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Revision of Subsidy System - How much u are getting subsidy previously?

Is the subsidy system fair & effective for the people of Malaysia?
I think you will think twice & when you read my opinion below.

1)A company which has a lot of his staff travelling
Car : various car
Fuel Consumption : 5000 liter/month
Subsidy : 0.70 cent
Total subsidy receive : RM 3500.00

2)Myself
Car :- Sedan car 1.6 CBU
Fuel Consumption : 1000 liter/month (my work intends me to travel a lot)
Subsidy : 0.70 cent
Total subsidy i receive : RM 700.00/month

3)My neighbour
Car : Proton Wira
Fuel Consumption : 500 liter/month
Subsidy : 0.70 cent
Total subsidy i receive : RM 350.00/month

4)Fellow rural people in Langkawi for example.
Fuel Consumption : 50 liter/month
Subsidy : 0.70 cent
Total subsidy i receive : RM 35.00/month

5)Lastly, All the Pakcik2 & makcik in Kampung who use motorcycle
Fuel consumption :- 10 liter/month
Subsidy :- let say 0.70sen
Subsidy per/month :- RM 7.00

I think by now you already understand what I'm trying to highlight here.
Do you think myself & company eligible to get the subsidy? This is just an example, imagine there's a lot of people in city's falls under category 1, 2 & 3. Probably 80% of the consumer of fuel are from urban areas. Well, that's quite a lot for people getting it. What about the rural people? The one that really need help? Is it fair for us in urban getting a lot of subsidy when the rural people getting so less.

If we translate it into money wise. Actually the rural people only get RM 84.00/year. Instate
of myself getting RM 8400.00/year. Is it fair?

The current system of subsidy actually are not fair at all. It will only protects or give advantage to urban people which will makes the rich gets richer & the poor gets poorer. It is good that the government float the fuel price according to international price same as what United States & other states are doing. Even if they want to give subsidy just a little bit just to show the government are giving back. RM 0.30

Some say the subsidy effected food prices & they are really pity the poor. Yes. I agree. Having said that the subsidy previously been given to no 1. 2 & 3 should be channeled back to the poor people. Probably give subsidy in terms of food & other related stuff which will have a great impact to them.

That's the idea. That's why i think that the previous subsidy system are not relevant anymore. If the current system now still question mark due to still the rich will benefit the most.
Because the subsidy only benefit the rich people who i think does not deserve it.

I will come back with another post on how to use the cut subsidy to help the poor.. comments

Petronas -- A victim of its own success

Morning bloggers. I must add this opinion that i extract from The Star related to Petronas. I honestly think that Petronas shall not be influence by any political policy & also against the call by political leaders about Petronas having to report with the Parliement.

Enough is enough. Do we malaysian want to se our beloved oil company end up like state government own water concession or like other GLC. Petronas is a unique company with quite a number of dedicated staff which cannot be touch for the sake of future gerations on malaysian to come.
--

MUCH has been bandied recently in the press about Petronas and it would appear that in a rather unfair way Petronas has been a victim of its own success.
Having worked in Petronas in the 80s through the mid-90s, I think I am in a position to offer certain insights about Petronas.

First, if Petronas was not formed way back in 1974, petroleum resources in this country would have ended up in the same current state of affairs as timber i.e. in the control of the respective state governments.

Why has it not dawned upon any politician or NGO to question what has happened to or, more pertinently, who have been the beneficiaries of timber revenues? Why is there no similar call for transparency on the accounts of the state governments or their statutory agencies entrusted with regulating or managing the timber resources, which are also the assets of the rakyat?
Secondly, with the ownership and management of all petroleum resources consolidated under a company, not a statutory agency, the former Prime Minister Tun Razak created the opportunity for Petronas to be run as a business by professionals. And this was well before the privatisation era of Tun Dr Mahathir.

This opportunity was not fully exploited in the formative years of Petronas as its management and staff were on the learning curve in understanding the oil business and dealing with the multi-national oil companies. With the entry of Tan Sri Azizan in the mid-80s and subsequently Tan Sri Hassan Marican, that opportunity was exploited and, as we now know, with much ensuing success.

Having worked through those earlier formative years of Petronas, I wish to highlight that the public ought to realise that it has taken a lot of hard work for Petronas to be now accepted by the oil majors as a company they can and wish to do business with, in particular outside Malaysia.
By the same token, just like any professionally managed company, there are certain confidential information and trade secrets that Petronas cannot divulge without adverse impact on its own business.

Most importantly, I must on behalf of all right-thinking Malaysians salute Tun Razak for his wisdom and temerity to push through the resistance of certain states, in particular Sabah, to consolidate the ownership of petroleum resources in this country under Petronas.
Look at how difficult it is today to deal with the consolidation of management of inter-state water utilisation, water being another state-owned resource like timber.

Without Petronas, we could have ended up not quite differently from the timber situation and the petroleum resources would selectively produce some individual oil barons in oil-producing states, not unlike our timber tycoons.

K H LIM,Petaling Jaya. comments

Petronas Staff Speaks-- Other Perspektif

I've received an explanation by petronas staff on how they fell at the moment especially against allegation to Petronas.. Please spare your thoughts on how they feel.

Dear all, After reading all the chain mai ls and blogs, I feel called to reply, because of the relentless attacks and allegations -- most of which are inaccurate or baseless -- against
PETRONAS.

PETRONAS' STAFF SALARY & BONUS

1) The salaries paid to PETRONAS' employees are not as high as people think. At best, they are just industry average. And these are not attractive enough for some who left PETRONAS to find work at other companies ( mai nly from the Middle East ) which are willing to pay more. Why do they pay more? The oil and gas industry worldwide has been facing acute shortage of qualified or experienced personnel, so most companies are willing to pay lots of money to entice and pinch staff from their competitors.Bonus? There has NEVER been a bonus amounting to 6 months or 12 months throughout the 33 years. On average, it is 2 months. But don't ever think we don't deserve it. We more than deserve it. A lot of us work really hard, some in the most extreme of conditions. Those who have been to and worked in northern Sudan , for example, would testify that it's like working in a huge blower oven. Southern Sudan , on the other hand, is almost all swamps and mud. Imagine having to go through that kind of heat, or waddling in muddy swamps, day in and day out.

QUALITY OF CRUDE & REFINED PRODUCTS

2) Malaysia produces about 600,000 barrels of crude oil per day (and about 100,000 barrels condensate). Of this crude volume, 339,000 barrels are refined locally for local consumption. The rest is exported (and yes, because it has lower sulphur content it fetches higher prices).Malaysia also imports about 230,000 barrels of crude oil per day, mai nly from the Middle East , to be refined here. This crude oil contains higher sulphur and is less expensive (so the country gains more by exporting our crudes). In Malaysia , this crude is processed by PETRONAS at its second refinery in Melaka, and also by Shell at its Port Dickson refinery.Different refineries are built and configurated to refine different types of crude. And each crude type yields different percentage of products (diesel, gasoline, kerosene, cooking gas etc) per barrel. But most importantly, products that come out at the end of the refining process have the same good quality regardless of the crude types. That's why PETRONAS, Shell and Exxon Mobil share the same pipeline to transport the finished products from their refineries to a distribution centre in the Klang Valley . The three companies collect the products at this centre accordingly to be distributed to their respective distribution networks. What makes PETRONAS' petrol different from Shell's, for example, is the additive that each company adds.

PETRONAS' ROLE, FUNCTION & CONTRIBUTION

3) A lot of people also do not understand the role and function of PETRONAS, which is essentially a company, a business entity, which operates on a commercial manner, to mai nly generate income and value for its shareholder. In this case, PETRONAS' shareholder is the Government. In 1974, when PETRONAS was set up, the Government gave PETRONAS RM10 million (peanuts, right?) as seed capital. From 1974 to 2007, PETRONAS made RM570 billion in accumulated profits, and returned to the Government a total of RM335.7 billion. That is about 65% of the profits. That means for every RM1 that PETRONAS makes, 65 sen goes back to the Government.Last year, PETRONAS made a pre-tax profit of RM86.8 billion. The amount given back to the Government (in royalty, dividends, corporate income tax, petroleum products income tax and export duty) was RM52.3 billion. The rest of the profit was used to pay off minority interests and taxes in foreign countries (about RM7.8 billion - PETRONAS now operates in more than 30 countries), and the re mai ning RM26.7 billion was reinvested. The amount reinvested seems a lot, but the oil and gas industry is technology- and capital-intensive. Costs have gone up exponentially in the last couple of years. Previously, to drill a well, it cost about US$3 million; now it costs US$7 million. The use of rigs was US$200,000 a day a couple of years ago; now it costs US$600,000 a day. A lot of people also do not realise that the amount returned by PETRONAS to the Government makes up 35% of the Government's total annual income, to be used by the Government for expenditures, development, operations, and yes, for the various subsidies. That means for every RM1 the Government makes, 35 sen is contributed by PETRONAS. So, instead of asking what happens to PETRIONAS' money or profits, people should be questioning how the money paid by PETRONAS to the Government is allocated.

CRUDE EXPORTS & FUEL PRICES

4) A lot of people also ask, why Malaysia exports its crude oil. Shouldn't we just stop exporting and sell at cheaper prices to local refiners? If Malaysia is an oil exporting country, why can't we sell petrol or diesel at cheaper prices like other oil producing countries in the Middle East ?I guess I don't have to answer the first couple of questions. It's simple economics, and crude oil is a global commodity.Why can't we sell petrol and diesel at lower prices like in the Middle East ? Well, comparing Saudi Arabia and other big producers to Malaysia is like comparing kurma to durian, because these Middle Eastern countries have much, much, much bigger oil and gas reserves.Malaysia has only 5.4 billion barrels of oil reserves, and about 89 trillion cubic feet of gas. Compare that to Saudi Arabia 's 260 billion barrels of oil and 240 trillion cubic feet of gas. Malaysia only produces 600,000 barrels per day of oil. Saudi Arabia produces 9 million barrels per day. At this rate, Saudi Arabia 's crude oil sales revenue could amount to US$1.2 billion per day! At this rate, it can practically afford almost everything -- free education, healthcare, etc, and subsidies -- for its people.But if we look at these countries closely, they have in the past few years started to come up with policies and strategies designed to prolong their reserves and diversify their income bases. In this sense, Malaysia (and PETRONAS) has had a good head start, as we have been doing this a long time.Fuel prices in Malaysia is controlled by the Government based on a formula under the Automatic Pricing Mechanism introduced more than a couple of decades ago. It is under this mechanism that the complex calculation of prices is made, based on the actual cost of petrol or diesel, the operating costs, margin for dealers, margin for retail oil companies (including PETRONAS Dagangan Bhd) and the balancing number of duty or subsidy. No retail oil companies or dealers actually make money from the hike of the fuel prices. Oil companies pay for the products at market prices, but have to sell low, so the Government reimburses the difference -- thus subsidy.Subsidy as a concept is OK as long as it benefits the really deserving segment of the population. But there has to be a limit to how much and how long the Government should bear and sustain subsidy. An environment where prices are kept artificially low indefinitely will not do anyone any good. That's why countries like Indonesia are more pro-active in removing subsidies. Even Vietnam (which is a socialist country, by the way) is selling fuel at market prices.

PETRONAS & TRANSPARENCY

5) I feel I also need to say something on the allegation that PETRONAS is not transparent in terms of its accounts, business transactions etc.PETRONAS is first and foremost a company, operating under the rules and regulations of the authorities including the Registrar of Companies, and the Securities Commission and Bursa Malaysia for its listed four subsidiaries (PETRONAS Dagangan Bhd, PETRONAS Gas Bhd, MISC Bhd and KLCC Property Holdings Bhd.PETRONAS the holding company produces annual reports which are made to whomever wants them, and are distributed to many parties and places; including to the library at the Parliament House for perusal and reading pleasure of all Yang Berhormat MPs (if they care to read). PETRONAS also makes the annual report available on its website, for those who bother to look. The accounts are duly audited. The website also contains a lot of useful information, if people really care to find out. Although PETRONAS is not listed on Bursa Malaysia , for all intents and purposes, it could be considered a listed entity as its bonds and financial papers are traded overseas. This requires scrutiny from investors, and from rating agencies such as Standard & Poor and Moody's.

BOYCOTT PETRONAS?

6) The last time I checked, this is still a democratic country, where people are free to spend their money wherever they like. For those who like to see more of the money that they spend go back to the local economy and benefiting their fellow Malaysians, perhaps they should consider sticking to local products or companies. For those who like to see that the money they spend go back to foreign shareholders of the foreign companies overseas, they should continue buying foreign products.

FINAL WORD (FOR TODAY)

I'm sorry this is rather long, but I just have to convey it. I hope this would help some of you out there understand something. The oil and gas industry, apart from being very capital intensive, is also very complex and volatile. I'm learning new things almost every single day.Appreciate if you could help to forward this response to as many contacts as possible to counter the subversive proposal out there. Thank you. comments

Fuel Hike - The Poor Will Benefit Most..

Assalamulaikum & Selamat Pagi to all bloggers..

Biaq saya bg pendapat dr perspektif lain.. CUba fikir2kan..

Subsidi.. persoalannya siapa yg majoritinya benefit dr subsidi yg melampau dr Kerajaan.
Biar saya kupas sikit.

80% drpd kendaraan di malaysia ni kbykannya digunakan oleh org bandaq2 besar.. mcm KL, penang, alor setar dll.
70% dr org bandaq adalah org yg berpendapatan tinggi & sederhana..
70% dr org yg berpendapatan tinggi & sederhana adalah rakyat malaysia yg kebanyakannya kaya raya & pendapatan tinggi compare dgn org kampung.
70% dr yg kaya raya & berpendapatan tinggi adalah yg memakai adalah kereta mewah yg fuel consumptionnya tinggi. jadi siapa yg isi paling byk?

Jadi persoalannya sekarang.. siapa yg paling byk makan subsidi kerajaan (duit rakyat) ? sampai bila nak bagi kat mereka? adakah org2 miskin layak atau org2 bandar yg kaya raya patut diberi subsidi..
jadi kalaula congak cara saya yg kurang cerdik.. kalau cthlah 56billion subsidi sebelum ni..
maksudnya sebenarnya 70% dr 56billion dpt kat org yg tak layak dapat..
ada baiknya subsidi itu dichanel kepada org2 kg & miskin dgn cara yg lain bukan dr segi subsidi minyak..

mmg ada benarnya kenaikan harga minyak ini mengejutkan semua pihak. tapi saya rasakan ia perlu bagi mengelakkan subsidi jatuh ke tangan org yg tak selayaknya.. sampai bila nak harap subsidi.. Dato' Hassan merican pun dah berbunyi dgn nada yg tak sedap sbb rakyat menghentam Petronas (mungkin kwn2 petronas bole bg komen lebih lanjut kot)..

Tetapi perlunya kerajaan sedar duit potongan itu "mesti" dichannelkan subsidi kepada rakyat miskin dr segi :-
1- subsidi makanan (semua rakyat dapat)
2- subsidi baja dll..(org miskin / petani dpt kbykan org melayu)
3- pembangunan luar bandar.. (tak payah utk pembangunan dlm bandar lagi)
4- concentrate kat sabah sarawak dr segi bantuan.. (kbykan org bumiputera miskin)

Kepada semua bloggers .. jgnla politikkan semua isu.. Kalau betul kerajaan PR prihatin kepada rakyat bglah rebat kepada rakyat negeri sendiri demi mengurangkan beban kenaikan harga minyak.. cth rebat mcm hapuskan cukai pintu ka bg free tambang feri, air free ka (selangor mcmana? dpt ke) dll yg bole kerajaan negeri tolong utk ringankan beban rakyat.. (kalau dah prihatin sgtla)..

Kata2 sinis sblm menutup isu:-
Org malaysia.. dah tau pendapatan tak seberapa beli kereta mewah (naikla moto ka, komuter ka)
Org malaysia.. dah tau duit tak seberapa tapi makan semua tempat hebat2 belaka. (belajaq2 la memasak, kurangkan makan luaq tak elok jugak utk kesihatan)
Org malaysia.. biaq papa asalkn bergaya.. (samalah dgn aku)
Org malaysia.. suka salahkan org lain tanpa menyalahkan diri sendiri (kena la belajaq cara menguruskan wang lepaih ni)
Org malaysia.. hutang keliling pinggang (credit card)
Org malaysia.. suka complain tapi takdak cadangan membina..

Wallaqwaqlam. .

p/s: cuba fikirkan.. masih teringat kata2 DSAI anwar nak tolong rakyat miskin.. saya fikir ini salah satu caranya.. DR Perspektif Lain.. comments