Jumaat, Disember 25, 2009

IN MY 22 YEARS PETRONAS PAID TO THE GOVERNMENT 126 BILLION RINGGIT. PETRONAS PAID TO THE GOVERNMENT OF TUN ABDULLAH A TOTAL OF 270 BILLION RINGGIT IN FIVE YEARS.

5. We lost money but not in billions of Ringgit as alleged.

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8. Altogether I don't think the amount lost added up to RM10 billion even. If we had lost 100 billion Ringgit the Government would be in deep trouble. But although we did have poor growth during certain years, the Government had never failed to meet all financial commitments including the servicing of loans. In fact we had enough money to prepay loans. The projects of course cost a lot of money. But the projects can be seen by the people. Penang Bridge, Twin Towers, KL Tower, KL International Airport, North Port and West Port in Klang, commuter train, LRT and monorail, numerous expressways all over the country, electrification and double tracking, Putrajaya, Cyberjaya, Langkawi development, Proton, Modenas, Silterra chip manufacturing plant, cement plants etc. etc. However, I don't think Barry Wain was referring to these projects when he said I burnt RM100million of Government money.

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image9.  The five years of Tun Abdullah's regime saw unprecedented profits by Petronas due to the high price of oil. In my 22 years Petronas paid to the Government 126 billion Ringgit. Petronas paid to the Government of Tun Abdullah a total of 270 billion Ringgit in five years.

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10. How was this huge sum spent? There are only empty corridors everywhere.

 Dr. M

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