Sunday, July 20, 2008

Govt. Subsidy vs Petronas Profit

Facts and Figure

1999
Petronas Profit Before Tax : RM 11,884 Billion
Global Oil Price (US$ per barrel) : N/A
Malaysia Petrol Price (RM per litre) : RM 1.10 (From 1990 to 2000)

2000
Petronas Profit Before Tax : RM 21,611 Billion (Increase 82%)
Global Oil Price (US$ per barrel) : 24.68
Malaysia Petrol Price (RM per litre) : RM 1.20

2001
Petronas Profit Before Tax : RM 29,029 Billion (Increase 34%)
Global Oil Price (US$ per barrel) : 25.90
Malaysia Petrol Price (RM per litre) : RM 1.30

2002
Petronas Profit Before Tax : RM 24,318 Billion (Decrease 16%)
Global Oil Price (US$ per barrel) : 30.86
Malaysia Petrol Price (RM per litre) : RM 1.32, RM 1.33


2003
Petronas Profit Before Tax : RM 26,877 Billion* (Increase 11%)
Global Oil Price (US$ per barrel) : 31.54
Malaysia Petrol Price (RM per litre) : RM 1.35


2004
Petronas Profit Before Tax : RM 37,455 Billion* (Increase 39%)
Global Oil Price (US$ per barrel) : 40.28 (May)
Malaysia Petrol Price (RM per litre) : RM 1.37 (May)
Global Oil Price (US$ per barrel) : 53.13 (May)
Malaysia Petrol Price (RM per litre) : RM 1.42 (May)

2005
Petronas Profit Before Tax : RM 58,037 Billion* (Increase 55%)
Global Oil Price (US$ per barrel) : 56.26 (May)
Malaysia Petrol Price (RM per litre) : RM 1.52 (May)
Global Oil Price (US$ per barrel) : 58.70 (July)
Malaysia Petrol Price (RM per litre) : RM 1.62 (July)

2006
Petronas Profit Before Tax : RM 62,877 Billion* (Increase 11%)
Global Oil Price (US$ per barrel) : 61.64
Malaysia Petrol Price (RM per litre) : RM 1.92

2007
Petronas Profit Before Tax : RM 80,362 Billion* (Increase 14%)
Global Oil Price (US$ per barrel) :N/A
Malaysia Petrol Price (RM per litre) : RM 1.92

2008
Petronas Profit Before Tax : N/A
Global Oil Price (US$ per barrel) :128.00
Malaysia Petrol Price (RM per litre) : RM 2.70

Based on the above Facts and Figure,

(1) As the Global Oil Price Increase , Petronas Profit Increase
Rationally
(2) As Petronas Profit Increase, Government Subsidy Should Increase
(3) As Government Subsidy Increase, Petrol Price should remain or reduce
But
An UNRATIONAL GOVERNMENT
(1) AS PETRONAS PROFIT INCREASE
(2) GOVERNMENT SUBSIDY DECREASE
(3) PETROL PRICE INCREASE
(4) RAKYAT (PEOPLE) BURDEN AND SUFFERING INCREASE

WHY ARE THE GOVERNMENT ELECTED BY THE RAKYAT (PEOPLE) DOING THIS TO THE RAKYAT (PEOPLE)?

WHY ARE THE RAKYAT (PEOPLE) BEING TAKEN FOR A RIDE BY THE GOVERNMENT?

THE GOVERNMENT ARE TREATING AS IF THE RAKYAT (PEOPLE) are IDIOTS?

Friday, July 11, 2008

AIG GENERAL INSURANCE (M) BHD




American Home Assurance Company has been localised on the 1st of June 2008 and with this local flavour but foreign essence, the company name has been renownedly changed to AIG General Insurance (Malaysia)Berhad (AIGGI). AIGGI has also been awarded "The Brandlaureate Award 2007-2008". I believe this award was conferred based on the global awareness of AIG sponsorship on Manchester United Footbal Club, with millions of football fans worlwide, coming to learn the brandname as a global insurer provider.
AIGGI CFO, Ms Soo Wai Har represented the company to receive the award from our YB, Tun Dr. Mahathir. AIG localisation will give the company the competitive edge in strengthening our market position by tapping into the bumi market via acquiring Takaful license in the near future. "The Strength To Be There" is our global tagline.
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