It is glad to hear that leading bumiputra entrepreneur Syed Mokhtar was granted an oil refinery project in Pulau Bunting in Kedah.
Malaysia currently have 4 oil refinery factory. Two own by Multinational Company, Esso and Shell respectively and another two own by Petronas, a Government Link Company (GLC).
Thus, Tan Sri Syed Mokhtar venture would be the first Malaysia private sector investment in oil refinery.
When South Korea government awarded LG group and Samsung to build a refinery respectively. Both company has used the profit from the refinery to fund their venture in electrical home appliance industry. Now, both Samsung and LG become an entity that able to compete in world market in microwawe, semiconductor and handphone market.
It is not sure whether governement of Malaysia impose any condition: eg: develop electrical home appliance market via Tan Sri Syed Mokhtar's Fiamma, or has to develop national car industry via EON or maybe government required him to acquired Proton?
It would be a waste if such a lucrative license or concession granted without any condition or plan to make any specific industry more competitive.
The project involved the establishment of the refinery in Pulau Bunting in Kedah, and the construction of a 300km pipeline straddling Kedah, Perak and Kelantan.
Aseambankers Research said the production of the crude oil would come from the Middle East and not Malaysia.
Operationally, the crude oil will be moored off Kedah, refined and transmitted through the pipelines to Kelantan and subsequently loaded on to tankers and shipped to Korea, China and Japan, by passing Singapore.
Thus, it look like the project would like Tan Sri Syed Mokhtar's other project: to compete with Singapore and make MNC by passing Singapore. Syed Mokhtar's Port of Tanjung Pelepas and Johor port has make Singapore port authority feel threaten and now he is working on Senai air port to do the same.
The oil refinery venture apparently another attempt to take some food from Singapore mouth again from their oil refinery industry.
However, other than oil refinery industry. We should have plan to make our other industry more competitive, like electrical home appliance industry and automobile industry.
Update: Nanyang: 大马历来最庞大工程 700亿元炼油计划 2007/05/10 18:59:35
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TechnoratiTag: Business Commentary competitive Economics Economy Malaysia Opinion finance Shares Stock Market klse
Thursday, April 26, 2007
Wednesday, April 18, 2007
People still circulating Dr Ng Seng's racist remark
I rarely update this blog recently because I was busy on some other work. However, I find the traffic to my website growing without any update on my part. A trace find that the a large portion of the hit go to "Racists opinion in Prime Minister of Malaysia's website".
The traffic was from a website call Sharizal.net, which he republished Dr Ng Seng's letter which he claim he had received via an email recently.
The link to my website was a comment(No 8) posted by a lady Midnite Lily base in Sydney.
The reply of Sharizal show that he did not aware that the letter was wrote in 1995 when the Prime Minister's wife pass away.
Previously, we have concluded that the writer Dr Ng Seng (Dr Unsuccessful) was a non-chinese posting as a chinese. Now, as the letter still circulating, we can narrow down our search by analysing who will be beneficial from circulating such letter.
There is no UMNO assembly that required such racist issue to be bought up. In fact, there is by-election held in Melaka and Selangor that Barisan National governement required the support of all race.
Then, who would benefited most from such letter?
With the retirement of Gerakan President Datuk Seri Dr Lim Keng Yaik, and the speculation that Penang's Chief Minister Tan Sri Dr Koh might move to Central Government to take over Dr Lim's Minister position.
Apparently, the party most beneficial from the letter should be the person in UMNO likely to take over Chief Minister position in Penang.... looking at how UMNO takeover Sabah Chief Minister post.
When UMNO take over Sabah's Chief Minister postion. Even UMNO president and Prime Minister at that point of time, Dr Mahathir disagree as he want to honour his promise to rotate the post, but the move was still organised by UMNO grass root to create a position for themselves as the benefit and temptation for such a powerful high position is simply difficult to resist. Who cares....the feeling of component party. Who cares....national unity. Who cares about peace of the nation. The important things is my greed for power and money
Would Sabah history repeat again in Penang? One advantage is Penang was not under rotation system like Sabah, which cause a lot of uncertainty and policy inconsistency. It look like Gerakan acting President have to remain as Penang's Chief Minister like Sarawak Taib Mahmud and ex-Sabah Chief Minister, PBS's Pairin. MCA already has 4 ministers representing Chinese in cabinet, chinese do not need one more minister from Gerakan. Indian and other race also well represented in cabinet. People want Gerakan to remain in Penang. Penang should not head by UMNO nor MCA, but a multi racial party like Gerakan.
TechnoratiTag: Malaysia Opinion finance News and politics Opinion Politik Shares Social
The traffic was from a website call Sharizal.net, which he republished Dr Ng Seng's letter which he claim he had received via an email recently.
The link to my website was a comment(No 8) posted by a lady Midnite Lily base in Sydney.
The reply of Sharizal show that he did not aware that the letter was wrote in 1995 when the Prime Minister's wife pass away.
Previously, we have concluded that the writer Dr Ng Seng (Dr Unsuccessful) was a non-chinese posting as a chinese. Now, as the letter still circulating, we can narrow down our search by analysing who will be beneficial from circulating such letter.
There is no UMNO assembly that required such racist issue to be bought up. In fact, there is by-election held in Melaka and Selangor that Barisan National governement required the support of all race.
Then, who would benefited most from such letter?
With the retirement of Gerakan President Datuk Seri Dr Lim Keng Yaik, and the speculation that Penang's Chief Minister Tan Sri Dr Koh might move to Central Government to take over Dr Lim's Minister position.
Apparently, the party most beneficial from the letter should be the person in UMNO likely to take over Chief Minister position in Penang.... looking at how UMNO takeover Sabah Chief Minister post.
When UMNO take over Sabah's Chief Minister postion. Even UMNO president and Prime Minister at that point of time, Dr Mahathir disagree as he want to honour his promise to rotate the post, but the move was still organised by UMNO grass root to create a position for themselves as the benefit and temptation for such a powerful high position is simply difficult to resist. Who cares....the feeling of component party. Who cares....national unity. Who cares about peace of the nation. The important things is my greed for power and money
Would Sabah history repeat again in Penang? One advantage is Penang was not under rotation system like Sabah, which cause a lot of uncertainty and policy inconsistency. It look like Gerakan acting President have to remain as Penang's Chief Minister like Sarawak Taib Mahmud and ex-Sabah Chief Minister, PBS's Pairin. MCA already has 4 ministers representing Chinese in cabinet, chinese do not need one more minister from Gerakan. Indian and other race also well represented in cabinet. People want Gerakan to remain in Penang. Penang should not head by UMNO nor MCA, but a multi racial party like Gerakan.
TechnoratiTag: Malaysia Opinion finance News and politics Opinion Politik Shares Social
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