Thursday 27 July 2017

Petronas is still a winner (updated)


Please also read,

Petronas undeterred by Canadian LNG setback


There's an apparently quite a bit of hue and cry among the usual suspects about this story,

Petronas will not proceed with LNG project in Canada

They made it as if it's the end of the world....or at least the end of Malaysia, because of it.

I was like....aiyoo, that's a corporate decision la. The sky would not collapse because of it.

And Petronas was not alone in the project. It made the decision with its partners.

Petronas  announced the decision in this statement,

Today Pacific NorthWest LNG’s partners announced that the project will not be moving forward.

The decision was made by the project partners following a total review of the project amid changes in market conditions.

For almost five years we have been working with local governments, First Nations, residents and businesses about our proposed project and are very grateful for the support we have received.

Thank you to the communities of Port Edward and Prince Rupert for welcoming Pacific NorthWest LNG and hosting our local outreach offices. In addition, thank you to all the communities in northwestern BC who expressed an interest in the project and took the time to work with us.

We would also like to recognize the time and efforts of all the area First Nations, including the Lax Kwa’laams First Nation, Metlakatla First Nation, Kitsumkalum First Nation, Gitxaala First Nation and Gitga’at First Nation, and all of the other nations residing in the Prince Rupert area who have kindly provided us feedback.

Our team members have been warmly welcomed by the communities. Thank you to the dozens of local businesses who we have had the opportunity to work with in the recent years.

Pacific NorthWest LNG will complete our outstanding business commitments by the end of September. Our Prince Rupert and Port Edward offices are scheduled to be closed effective August 25, 2017.

That project in Canada was started five years ago and Petronas, along with its partners tried very hard to make it a success.

As noted in its statement, Petronas worked with even the Canadian natives whom it thanked for their contributions and support for the project.

The project looked good indeed when it was first conceptualised, but things changed for the industry, especially over the past few years.

As everyone should know by now, the oil and gas industry is suffering the world over.

Most of the countries, especially those in the Middle East, which were dependant on oil money suffered.

One of my aunts (my father's sister) who worked in Saudi Arabia returned home earlier this month after working there for almost 30 years. She's home for good.

She said the Saudi government is struggling to even pay its workers' salaries now.

Who would have thought of that not long ago.

It's one of those things that just happens, okay.

Therefore, if the Canadian LNG project is no longer viable because of the world oil price drop, then it's good that Petronas pulled the plug off rather than suffering more losses.

If you google and read the news about the cancellation of the project, you would probably notice that it was not really Petronas' fault.

Things just got complicated with the Canadian authorities on top of the sluggish O&G industry.

Anyway, all businesses make losses at one point or another.

Even a non-business person like me knows that.

You win some, you lose some. That's the nature of business.

The trick is, try to win more than losing.

I think Petronas has always win more than lose.

Otherwise it wouldn't be as successful as it is now.

Some asked why itchy to invest overseas and risks losses?

Well, you risk losses even at home.

Petronas is actually successful because of it's ability to make good investments around the world.

It has a good global reputation, which was built on its good management skills and professionalism.

That what sets it apart from most other O&G companies from this part of the world.

All things considered, Petronas is still a winner despite the Canadian setback.

Let's look a bit at the history of Petronas' overseas investments. I just took this from Wikipedia,

Expanding globally: the 1990s and beyond

During the mid- to late 1990s, international exploration, development, and production remained key components in PETRONAS' strategy along with diversification. A key discovery was made in the Ruby field in Vietnam in 1994. That year, the firm also saw its first overseas production from the Dai Hung field in Vietnam and established its first retail station outside of Malaysia in Cambodia.

 In 1995, a subsidiary was created to import, store, and distribute liquefied petroleum gas (LPG). In addition, the company's polyethylene plant in Kerteh began operations. PETRONAS marked a significant milestone during this time period—two of its subsidiaries, PETRONAS Dagangan Bhd and PETRONAS Gas Bhd, went public on the Kuala Lumpur Stock Exchange. Between 1993 and 1996, it purchased the former sub-Saharaian branch of Mobil Oil, rebranded as Engen Petroleum.
In 1996, PETRONAS entered the aromatics market by way of a joint venture that created Aromatics Malaysia Sdn Bhd. It also formed a contract with China National Offshore Oil Corporation and Chevron Overseas Petroleum Ltd. to begin exploration of block 02/31 of the Liaodong Bay area in China. While the Asian economy as a whole suffered from an economic crisis during 1997 and 1998, Malaysia was quick to bounce back due to successful government reforms. From its new headquarters in the PETRONAS Twin Towers, the state-owned concern continued its development in the oil and gas industry. Soon India's Liberty Group purchased a 1% stake in Petronas
During 1997, PETRONAS heightened its diversification efforts. The firm set plans in motion to build three petrochemical plants in Kuantan as well as an acetic facility in Kerteh. Its first LPG joint venture in China was launched that year and the company acquired a 29.3% interest in Malaysia International Shipping Corporation Berhad (MISC). In 1998, PETRONAS' tanker-related subsidiary merged with MISC, increasing PETRONAS' stake in MISC to 62%. That year, PETRONAS introduced the Petronas E01, the country's first commercial prototype engine. The company also signed a total of five new production sharing contracts (PSCs) in 1998 and 1999, and began oil production in the Sirri field in Iran.
PETRONAS entered the new century determined to expand its international efforts. The company forged deals for two new exploration plots in Pakistan and began construction on the Chad-Cameroon Integrated Oil Development and Pipeline Project. By 2002, PETRONAS had signed seven new PSCs and secured stakes in eight exploration blocks in eight countries, including GabonCameroonNigerEgyptYemen,Indonesia, and Vietnam. The firm also made considerable progress in its petrochemicals strategy, opening new gas-based petrochemical facilities in Kerteh and Gebeng.
By 2003, Malaysia was set to usurp Algeria as the world's second-largest producer of LNG with the completion of the Malaysia LNG Tiga Plant. Prime Minister Mahathir Mohamad commented on the achievement in a May 2003 Bernama News Agency article, claiming that "the PETRONAS LNG complex now serves as another shining example of a vision realized of a national aspiration, transformed into reality by the same belief among Malaysians that 'we can do it.'" Indeed, PETRONAS had transformed itself into a global oil company over the previous decade, becoming a national symbol for success. The company realised, however, that it would have to continue its aggressive growth strategy to insure its survival in the years to come.
The PETRONAS overseas expansion drive continues with the acquisition of Woodside Energy Ltd Mauritania assets for $418 million in 2007.[11] The venture proved successful as they discovered oil in May 2008[12]
In 2004, Minister in the Prime Minister's Department, Datuk Mustapa Mohamed, stated that PETRONAS contributed RM 25 Billion to the country's treasury accounting for 25% of revenue collected via dividends and other revenues. PETRONAS continuously provides the Malaysian government dividends from its profits. Since inception in 1974, PETRONAS have paid the government RM 403.3 billion, with RM 67.6 billion in 2008. The payment represents 44% of the 2008 federal government revenue.[13] PETRONAS continues to focus on international exploration projects as 40% of revenue in 2008 was derived from international projects such as IranSudanChad and Mauritania. The company's international reserves stood at 6.24 billion barrels oil equivalent in 2008.[14]
On 29 October 2012, PETRONAS sources said it will renew a bid for gas producer Progress Energy Resources after Canada blocked its bid earlier that month. The $6-billion bid was approved by Ottawa on 7 December 2012.[15]
On 17 January 2013, PETRONAS issued a statement that an onshore oil and gas discovery has been made in the state after drilling a test well about 20 kilometres away from the city of Miri in northern Sarawak. The well was found to have a net hydrocarbon thickness of 349 meters. It had flow rates of 440 barrels of crude oil per day and 11.5 million standard cubic feet of gas per day. The find is the first onshore oil discovery in Malaysia in 24 years. [16]
On 2 May 2015, PETRONAS completed its acquisition of oil and gas assets in Azerbaijan from Norway’s Statoil for US$2.25 billion.[17]
Plagued by the 2010s oil glut, PETRONAS reported on 26 February 2015 that it cut its 2015 capital expenditures budget after reporting a $2 billion fourth quarter loss, the company's first loss since it began reporting quarterly results five years ago.[18]
On 1 April 2017, PETRONAS' PFLNG SATU, is the world’s first floating liquefied natural gas (LNG) facility, has achieved a new milestone with the successful loading of its first cargo at the Kanowit gas field, offshore Bintulu, Sarawak. PFLNG SATU will complement PETRONAS’ global LNG portfolio, making it a leader in the FLNG technology and enhancing its reputation as a preferred and reliable LNG supplier.[19]

And Petronas is also a winner in F1 with Mercedes. It's a world champion.

That, after all the investments and supposed losses when it first started with the Sauber team.


  1. OK... OK. You're right, Annie.

    Petronas wins more than it lose... but that was before Pak Lah, aka Mr.Clean, then Najib, took over the helm of and country and literally, squeezing money making GLCs with glee.
    More astonishingly, Petronas' losing streak started after Mr.Clean made the Finance Ministry, a patrimony of the sitting Prime Minister.
    Pak Lah also foregone 'Block L and Block M', with estimated US100 Billion worth of oil reserve, to Brunei.

    They even ditched that Merican fella, who was then snatched by Singapore. Najib made it even worst when he brought in that mualaf guy.

    Therefore, I can only guess that Najib & Jho Low had Petronas
    fortune in mind (from TIA's intention to mortgage its oil yielding assets), when they coined 1MDB into existence, without realizing the US was becoming a major exporter of oil with its Shale-oil extraction, stock piling and world's advancement of electric cars development which brought about the crush of crude-oil price.

  2. Annie,

    I don't really know very much about what happens in Petronas because I have made it a point not to study Petronas too closely over the years.

    My guess is that Petronas has had a pretty good run with high oil prices for quite a while and so it is easy to be a big company making big investments here and there.

    So what if Petronas wins some and lose some? As a big company, it can easily handle the ups and downs.

    But now that oil prices seem stuck around US$50, I hope Petronas will be more prudent with its investment decisions.

    And that sums up my take on Petronas.

    On another matter, I can only wonder about the billions upon billions of ringgits which Petronas have handed over as dividends.

    I just wonder where the flood mitigation measures are in Kelantan, Terengganu, Pahang, etc or where the efficient garbage disposal systems are or where the clean longkangs are or where the affordable housing are.

    These are very simple things which do not need a lot of money but we don't seem to have them.

    I do see huge glittering office buildings and mosques, massive ports, a bloated public service, GLCs which do not seem to have any checks and balances, and so it goes on.

    Countries like Norway, the UK, Australia, the US have been wise with their oil bonanza.

    And Saudi Arabia, as pointed out above, seems to have problems paying their workers.

    What has Saudi Arabia done with its oil bonanza?

    And for that matter, what has Malaysia done with its oil bonanza?


  3. Annie,

    Please refrain from educating learned Malaysians of your crap on this Petronas thingy.In fact you should read up the demands of the people (tribes) ever since the day this project was mooted.

    It was no go from day one.But our visionary blokes of Petronas did not give a damn.They thought it would be like dealing with corrupted third world regimes.

    Now they have got their noses bloodied to the tune of almost
    RM 1.86 billion.

    Advisable if you could confine blogging to domestic matters,
    Korean dramas, your long awaited visit to Japan,love for motorbikes and you mood swings.At least, they make sense.

    rasta rules.

    1. haloooo maaaahn.. don't laa hantam so hard...

      U relax tarik ganjaaaa a puff or two, ken or not..?

      txs, ur steadyyy maaaaahn...

    2. Anon 20:14

      About the Korean drama, Japan trip etc., you made my day, Sir.


    I think this report sums it all

    Kalau boleh untung, siapa nak rugi ?

    In any project feasability, don't only look at the numbers. The non number factor in most cases determines a project's success or failure. Contoh nya 1mdb, a sovereign government should never have been involved in rubbish investments. Why did they ?

  5. Buying IPP with lopsided contract is a rubbish investment? Misplaced accusation.

    1. Ha ha ha ha
      Esa Adan buta hati ke buta tuli ?

      Mongolia investment, oil field investment 1MDB made ada return ke ? Kena kencing memang nampak. Belum ada Menteri Kewangan Malaysia se dungu yang pegang jawatan hari ni.

      Loosided IPP tu buy high sell low. This good investment to you ? What hapoens to the IPP today ?

  6. What has happened to governance in Malaysia ? "A letter to the Malaysian People"

    John Malott :

    Some people were surprised when I said that the US government's seizure of assets - condos, mansions, hotels and art work - all of which were purchased with money stolen from 1MDB and the Malaysian people - was only the beginning.

    It's true. There's lots more to come.

    There will be criminal indictments coming, most likely including Riza Aziz and Jho Low, who both are very closely connected to Prime Minister Najib Razak.

    There will be a mention in a future criminal prosecution of an "unindicted co-conspirator", who now is widely known as "Malaysian Official 1". When he no longer is in office, he will be indicted in th US.

    Here are some thoughts about what happens next on the US side. The US government already has seized these assets, or asked other governments, such as Switzerland and the UK, to seize them.

    They have been blocked.

    Under US law, the next step is for Aziz, Jho Low and others to try and prove in a court of law that the assets that were seized from them truly were purchased with their own money - and not from funds stolen from 1MDB.

    Of course, they cannot prove that. The Federal Bureau of Investigation (FBI) and the Department of Justice (DOJ) filing was meticulous, thorough and totally professional. The evidence is all there. It even includes the transcripts of wiretapped phone calls of a panicked Jho Low talking to his bankers.

    Thanks to the FBI and the DOJ, it is so clear. We know where the money came from. It was stolen from the Malaysian people through 1MDB.

    Your money, not ours.

    1. This ex Ambassador to Malaysia John Mallot's "letter to the Malaysian people" has made its round in was estimated that at least 8 million here have read his letter. He is now more than ever a persona non grata to our shores

  7. As US Attorney-General Loretta Lynch and the others pointed out many times, the money was stolen from the people of Malaysia. The assets belong to them.

    So the US government will hold all of the seized assets - the real estate, the paintings, the rights to "Wolf of Wall Street" etc - in trust on behalf of the people of Malaysia, from whom the money was stolen.

    The assets will not belong to the US government.

    (How ironic that the US attorney general seems to care more about this thievery than the Malaysian attorney-general does..)

    In the meantime, the US government will rent out Aziz's condo in New York and his Beverly Hills house. It will take over the management of the hotels in New York and Beverly Hills that were purchased by Jho Low with the stolen money.

    The US government will collect the profits from all future sales of the DVDs and TV rights of "The Wolf of Wall Street". The Monet and Van Gogh paintings will go on exhibition somewhere, so everyone can enjoy. And so on.

    And all of the profit that is earned will be held in trust by the US government on behalf of the Malaysian people. It is your money, not ours.

    What about Rosmah's son, Riza ?

    Young Riza will soon be homeless. The US government has seized his homes.

    In order to save itself and the films it has in production (including a new film about George Washington, starring Leonardo DiCaprio), I predict that Red Granite Pictures will get rid of Aziz.

    So Aziz will be jobless too.

    1. better question.......why jho and riza not arrested?

      Along with kak mah & jibbi?

      They all are CROOKS.

  8. When the US government files criminal charges against Aziz (and I am sure they will), they will ask the court to seize his passport so he cannot leave the US.

    The Malaysian Embassy in Washington may try to defraud the US government and issue a new passport to Aziz, with a new number, so he can leave the country. At that point, we will see how efficient the US government is at catching this.

    If the Malaysian government asks for the seized assets to be transferred back to them, the US will do so.

    But will Najib do that ? No. If Najib asks for the money back, it means that he is admitting that the money was stolen from the development fund that he headed, that the stolen money went to his stepson and his "advisor" Jho Low, and that he has been lying about this to the Malaysian people for years.

    So, of course he will never do that.

    Asking for the money back will have to wait for a future prime minister.

    And why would Najib want to ask "for the money back" when he and his family and cronies already have it - or have spent it ?

    An international pariah.

    From an international viewpoint, this is the end of Najib. He is an international pariah. The world now thinks he is a crook. He is a fraud. The world will want nothing to do with him. He will not be welcomed anywhere. When he speaks to the United Nations General Assembly next fall, there will be only 30 or so people in the room, mostly Malaysians.

    Other leaders will be embarrassed to be seen with him, to shake his hand, to be photographed with him.

    As for Rosmah, her credit at Hermes and Tiffany's and elsewhere is now cut off. Those luxury stores now know the money was not hers. it was stolen from the Malaysian people. They do not want to be complicit in international money laundering. They have their own reputations to protect.

    That is how the world will react. But how will the Malaysian people react ? Will Najib get away with this, back in Malaysia ?

  9. I fear that the answer is yes. If so, it means that Malaysia is now in Mugabe-land.

    The inspector-general of police (IGP) says that the US government never asked for cooperation from the Malaysian government in their investigation. Yet both the Malaysian Anti-Corruption Commission (MACC) and teh FBI have said that they cooperated with each other in this investigation. The IGP knows the truth, so why did he say otherwise ? Why did he lie ?

    The Malaysian AG says that this is all speculation and innuendo, and that there is no proof of the US government's charges. Yet the US government has issued a very thorough, professional and detailed 136-page filing evidence with th court. It i there for the AG to read. Instead, why did he choose to insult the integrity of the US government ?

    Why did he lie ?

    As long as Malaysia's IGP and AG continue to deny the truth in the face of the overwhelming facts, we know where this is going.

    How ironic it is, that is the US government - the FBI and the US Attorney-General - who are doing the job that the IGP and Malaysian AG should be doing.

    As US AG Lynch said, this is the Malaysian people's money. It is not America's.

    We want to give it back to you.

    JOHN MALOTT is a former US ambassador to Malaysia

  10. This is the trouble when you let the monkeys run this country.

  11. Anonymous @ 28 July 2017 at 09:45,

    //JOHN MALOTT is a former US ambassador to Malaysia//

    Thks for the post cos I have not seen it anywhere else.

    But let's get some perspective on this.

    John Malott is a FORMER ambassador, OK?

    So he is with the Obama Administration.

    The who Administration you say?

    You know, Obama, the fellow before Trump?

    Trump is an entirely different kettle of fish.

    Does Malott have any friends in the current Trump Administration to make a difference?

    Rosmah reckons she is good buddies with Trump, so Malott can say whatever he likes and it would not make a difference.

    Just in case you think Rosmah is a nobody, let me remind you that she only needed a coupla phone calls to ship out Malaysian students from out of dangerin Egypt(?).

    I say, I have friends in Egypt (I really have) but they can't do shit to fly anybody out of Egypt on short notice, OK?

    So when Rosmah says she has close connections to Trump, I am a bit respectful of her claims :)

    I could be somewhat convinced to the contrary if her darling Reza was arrested and charged without bail but that doesn't look like it's gonna happen any time soon.

    Still, it's nice that an omputih is speaking out for Malaysians even if some Malaysians continue to insist that there is nothing to talk about and there is no need to talk about this.


    1. But....

      ....phase 2 of DOJ seizures are under TRUMP, not OBAMA......

      There, the DOJ are NOT under control....

      ....that's why they can appoint Mueller to probe Trump....and Trump is VERY scared.

    2. Gladiator,

      The 'some Malaysians' referred to by you should think wisely, even if they may lack the moral to carry such kind of thinking.

      The term 'international pariahs' and the reference to some high level government servants in Malaysia would be a long term damage to these 'some Malaysians'. It will be difficult for them to be taken seriously in and out of Malaysia.

      They can continue to believe that it's part of a Jewish conspiracy, but that claims will no longer longer be believed once it steps out of the surau.

    3. Methinks the good ambassador was appointed during Bill Clinton's reign, not Obama.

  12. Annie,

    As a former ambassador, very likely John Mallot was also the spy chief in Malaysia. So he knows what he said, i would bet.

    The question is, the Americans are writing off najib already, and by what John said, the pressure is on the future PM of Malaysia.

    Which means, if Hishammuddin becomes PM, he too must deal with the Americans about the seized assets. To help sepupu, Hishammuddin must do many things for the Americans, otherwise sepupu would have to be seppuku.

    China therefore is watching, and calculating if najib is worth saving. No words can convince the tiongkok chokia. Hishammuddin and his party umno will be doomed.

    Rocky Bru will say: so how?

    I therefore believe that 'deep shit' is an understatement to describe sepupu's mind now.

    This is also a very delightful day. Yang dikatakan setan rupanya bukan setan, yang menggelar diri pewaris syurga rupanya ahli neraka.

    That's irony, according to rpk.


  13. Tatak salah maa aa ,sehingga didapati bersalah maa aa .

  14. Anonymous @ 28 July 2017 at 17:06,

    //....phase 2 of DOJ seizures are under TRUMP, not OBAMA......//

    True but aren't most of the current DoJ appointees still from the Obama era?

    So, couldn't Trump just appoint new DoJ people?

    Sorry for the vagueness but I don't really know how the US justice system works.

    So, Ahjib Gor and Kak Ros still ada chan you know :)


    1. No, the entire DOJ under new "management".

      Led by Sessions now.

      Also Trump fired most of the US state attorneys. All new now.

      But still they are after Najis Rosak, Hippo, Jho & Hippo.

    2. Methinks the chan vely slim....saw on a video clip, during that great Saudi inauguration of Trump recently by the King of Saudi Arabia, our Great PM was shown being studiously avoided by Trump, not even a chance to shake hand for a photo op. Kesian la

  15. Anonymous @ 28 July 2017 at 18:10,

    //They can continue to believe that it's part of a Jewish conspiracy//

    Aiyah, please lah, every time you say "Jewish conspiracy", you must also say "in cahoots with DAP, the Chinese and evangelist Christians".

    No, don't mention the Illuminati because we all know that's fake.


  16. Anonymous @ 28 July 2017 at 22:45,

    //No, the entire DOJ under new "management".//

    Uh oh!! New management?

    And the new management at the DoJ are still prosecuting poor darling Reza and his BFF, Jho Low, are they?

    Hm, is Khazakstan a nice country to live in? Which countries do they have extradition treaties with? Malaysia?


  17. Semua yg dibincangkan diatas are based on'what if' situation.Only you guys omit one very big 'what if' question.What if BN and Najib win this upcoming GE?will you guys be writing about 1MDB for the next 5 years?

    Prof Kangkung

    1. Prof Kangkung,

      There has been not less than 10 times where you claimed that "najib will win the next election". You don't reason, you simply don't care what najib did.

      There are many out there like you, who believe in the corrupt principle of 'AGAMA BANGSA DAN NEGARA", with diminishing priority.

      Your kind of people thought that as long as najib is a muslim, as long as he orders the building of mosques, as long as he whispers into the ears of your kind that his race will be taken care of, your kind will not care if the country would go to the dogs.

      Religion corrupts democracy, your kind perhaps is the first and foremost example of why democracy cannot work.

      And that's scary.

      There's no what if here. Its a war out there to save this country, to save her from the folly of your kind.

    2. The years ahead Kangkung? For sure, vegetables will go rotten, Najib will die, we'll all be older - not necessarily wiser.

    3. To anon 1023
      Let me reason with you why I say Najib and BN will win the GE14 hands down.
      First, Pas is no longer with Pakatan.That is the main reason.
      Second,tun M is no longer the force he used to be.When he left UMNO not many umno supporters joined him People like Ibrahim Ali,Rafidah Aziz and many others are shying away from him
      Third, BR1M is the reason why Najib managed to retain the support among kampung folks.

      Prof Kangkung

    4. Prof Kangkung,

      There are two things that prevent your kind to reason wisely, first is the lack of their history, because they have little knowledge for history and do not keep any authoritative record of their history and they would prefer myth than factual happenings, second is their lack of moral in their pursuit of wealth.

      If you ask them, what is 'moral' to you? They would tell you to go refer to the Al Quran. They carry none in their heart so there's nothing about moral that they could tell you.

      So for them a chicken drumstick is always the same chicken drumstick. If they were satisfied with a chicken drumstick then, they would be equally satisfied with a chicken drumstick now. And that's how BR1M would work for them.

      And so to them as long as Saudi gives them the Hajj Visas, as long as the rituals are performed, it won't matter if they have not earned the tambang, or that the money could be stolen proceeds, with haqqul yakin they expect acceptable from Allah the rituals that they performed.

      PAS are treacherous people, opportunistic and unscrupulous. You cannot trust anyone that uses religion to advance their own selfish interests. UMNO is relying on the actions of these unscrupulous opportunistic treachery as the 'main reason' to win the battle?

      As for Tun M, this is not his only battle. If he's no longer here, the struggle will go on. But its not the same with najib.

  18. ..............,.,,undeterred by Canadian LNG setback
    They are not spending their father's money


  19. Prof Kangkung,

    //Semua yg dibincangkan diatas are based on'what if' situation.//

    Not sure if you meant the "what if" are based on my comments as your statement was quite general.

    A quick read thru my previous comments suggest that only the lousy Khazakstan joke I made was a "what if" :)

    Most of the other stuff, like the DoJ seizures are either real OR are mooted to happen OR are opinions by others offered on how Najib is being treated by other world leaders.

    //What if BN and Najib win this upcoming GE?//

    Yes, the usual gerrymandering and cash handouts could possibly deliver GE14 to UMNO/BN yet again for the 14th consecutive time.

    If that happens, it will be business as usual.

    There will be no co-operation on 1MDB with investigating authorities from other countries.

    There will be claims of huge profits being made by 1MDB.

    There will be money moved from one "pocket" to another to create the illusion of huge profits in 1MDB.

    More pilgrims will be send on haj courtesy of the huge profits made by 1MDB and I am sure Tabung Haji is glad it is not picking up that tab.

    There will be continued abuse of power, continued corrupt behaviour, etc etc.

    //will you guys be writing about 1MDB for the next 5 years?//

    Win, lose or draw at GE14 means nothing as far as 1MDB is concerned.

    It is OTHER countries which are prosecuting those involved with 1MDB. They are not governed by our election cycles.

    UMNO/BN might have shut down Malaysian investigations in 1MDB with their continued insistence that no money is missing and no crimes have been committed but investigators in other countries are still on the case.

    Mind you, awithout the efforts of investigations by other countries, Malaysians would know very little about what is happening to 1MDB.

    Have you never wondered why Malaysia cannot seem to find anything wrong with 1MDB but others can?

    Frankly, I am surprised that there are Malaysians who consider themselves intelligent and yet, given the totally independent and impartial legal actions happening in other countries, cannot seem to see that, at the very least,there is something fishy in regards to 1MDB.

    Remember when Malaysians were told that money was being deposited in Singaporean banks to meet the debt obligations of 1MDB?

    At that time, I was puzzled as to why that money was not brought direct to Bank Negara because effectively that's my money and that's my bank.

    And then, Malaysians were told that it wasn't really money in the form of cash, it was actually "money" in the form of "units" which is like cash.

    I mean, why given the impression that the money was cashin the first place?

    Why not just say that 1MDB needed to cash out some investments held in "units"?

    I think it was because 1MDB was supposed to have the cash on hand at that time but it, obviously, didn't.

    So, Prof Kangkung, no matter who wins GE14, there is still a lot coming from 1MDB - probably not because of investigations or prosecutions by Malaysian authorities, but because of what is happening overseas in other countries.


  20. Prof Kangkung... "What if BN and Najib win this upcoming GE?"

    If BN wins, the happiest will be... Jho Low, Najib, Rosmah & son and supporters who're dependent on UMNO-Najib for a living.

    However, Najib & wife as MO1... will become kera-sumbang or pariahs if there go to Kafir countries, for official duties or holidays.
    In Kapir Countries too, his security team too, will have a hard time, evading the press and paparazzi.

    1. Let me remind u all... especially opposition.. u didn't do anything to stop EC. Umno is a satanic party and they will continue to cheat to win GE. It's impossible for them to lose until u stop EC. U need foreign intervention NOW.

      How does vote is counted behind closed doors?
      These bastard counters

    2. jangan jadi bodoh
      EC have always done their job, correctly. Dont be a sore loser because in every tournament there`s always a winner and a loser
      its just the way of the world

      what do you means how vote is counted? you just count la.. bodoh ke ape? count la satu dua tiga empat.. SPM dah lepas ke fail?

      Simpan sikit bodoh tu.. saya nak berparti nie... much ciked
      Jho Low

    3. “Those who vote decide nothing. Those who count the vote decide everything.” ― Joseph Stalin

    Oh, how you toiled for us, our dear Dr. Mahathir Muhammad!

  22. Prof Kangkung,

    //First, Pas is no longer with Pakatan.//

    If PAS is so damn good, why did they only win 21 seats in GE13?

    //Second,tun M is no longer the force he used to be.//

    For someone who is "no longer the force he used to be", he has got himself a nice gig as the chairman of Pakatan.

    //When he left UMNO not many umno supporters joined him//

    I am not sure if you realise it, but there are many people in UMNO who are silently supporting Tun M.

    And I know quite a few of them and they are card carrying UMNO members.

    Whether that will translate into votes for PPBM is something which remains to be seen.

    //Third, BR1M is the reason why Najib managed to retain the support among kampung folks.//

    The danger with BR1M is that the kampung folks now expect it.

    It's like a drug.

    You don't give me, you die.

    You give, I take, but I can still vote opposition if I want to.

    Believe me, that is what BR1M has become.

    You simply do not trust drug addicts, I am sorry.