Sykt. Anak Mahathir - Petron & Arak

hzln

gi lah belek annual report tuh...m/s 18 dan 19...jgn nampak berposting asal boleh sangat....

mizz_aurora

Reply 249# farfar

Kannn...Exxonmobil mmg dh lama supply minyak kt MAS n siap ada terminal lg kt sana. So nape tbe2 leh bangkit issue ni plak. Nmpk sgt sbb politik


(posted by mobile)

sugar_rose

.tak letak until present makanya dah takdak kaitan dgn petron lah...semua yg lain letak
hzln Post at 15-7-2012 09:59

just tanya only ...btw, thanks but like farfar komen, I percaya ada hujah di luar sana yg lebih bernas untuk menceritakan kebenaran bukan bermakna  bila u dah buktikan sesuatu KUT "gossip" ni semuanya betul KUT la..ada org buat kesimpulan mcm tu

farfar

If and ever if Mirzan still has kepentingan dalam smc, it still doesn't change the fact that it was fair smc got it because they offered the best business deal to exxonmobil like I've mentioned. So apa yang jadi isunya? Kalau ada pun isu yang opposition can play is with regards to how clean mirzan's money is in terms of hukum agama sebab smc is known to also have brewery company. Yang tu aku tak berani komen apa...ex colleagues yang dulu downstream sekarang smc pun aku tak berani komen apa..for big oil companies, cash flow usually within affiliates je so selalunya duit separate. dulu, I was such a pro opposition. After this issue became big and how seditious for opposition to twist some facts when I know first hand apa sebenarnya yang berlaku, I concluded najib or anwar, they are both the same. And now I became a citizen who just don't bloody care. Cakap kena berdasarkan fakta and research yang betul. Bukan main tuduh sebarangan. I stress again, the deal with smc WAS FAIR whether or not mirzan is in it.

mbhcsf

jap dok gaduh Mirzan , yg sapa ada harta billion billion tu ? thank god zety akhtar diam jer.

farfar

By the way, isu yang lebih besar yang patut opposition fight for is the IPP. Why petronas is forced to sell gas lower than market value to these stupid IPPs. If you guys really want to be patriotic (yelah, kan ada a few of you yang marah petron supply petrol to mas and cakap tun m tak patriotic, suruh lepas position as petronas punye advisor) you should question this issue instead...kesian ok petronas kene tanggung rugi nak support IPP yang terang2 makan duit rakyat ni.

kabukiman

By the way, isu yang lebih besar yang patut opposition fight for is the IPP. Why petronas is forced  ...
farfar Post at 15-7-2012 10:41

Mana ada moral standing for anwar to fight the IPP issue; the buck stopped at him as the menteri kewangan at the time when he approved those godem blood sucking rates.

Having just a 'memo membuktikan bangkangan sekeras2nya terhadap kadar IPP' just doesn't cut it for me.

hzln

just tanya only ...btw, thanks but like farfar komen, I percaya ada hujah di luar sana yg lebi ...
sugar_rose Post at 15-7-2012 10:20

    ok lah...u win...takdak tulih "until present" makna dah takdak apa kaitan dah
DESPITE the fact that:
1. right until dec 2011 mirzan still attended petron's board meetings (if u read the annual report u'd know that)
2. right until now, there's no disclosure filed with the relevant authorities announcing mirzan are no longer part of petron's BOD (if you are part of the corporate scene, even with your brain half functioning, u'd know any changes in board membership in public listed corporations, are required to be filed with the stock exchange, in this case, PSE)

btw, i only comment with regards to mirzan's involvement in petron sbb ada page depan2 sana kata dah quit san miguel makna dah quit petron.
itu fakta yg salah.  
i'm not commenting on petron-esso malaysia deal or petron-mas deal. so many people already talking abt that.

DTECCONAN

aku x kisah pun pasal kroni moni ni, asalkan yg dpt tu berkelayakan, biarlah

tetapi persoalan kat sini, benarkah syarikat yg ada kaitan dengan arak telah mengambil alih syarikat Esso?

mierrr

baru baca sampai page 3 jenuh nak mengkhatam
kalau dah sana sini haram
nak kena cari akar umbi
payoh jugak nak hidup dalam dunia bercampur nikan

mierrr

baru sampai page 5
Tun dgn anak2 mudah dapat apa pun
sebab depa dah ada nama dan memang berkaliber
so depa memang bijak ambik apa ja peluang yang ada
ginila lumrah hidup
harap depa masih terfikir dan bantu akan rakyat yang susah

ye ke?

mierrr

Reply 130# cookies_raya

dah rasa macam pilem tamil pulak

mierrr

Reply 179# 5229

err op topic
bagi i yang zero tentang kereta nih

jadi apa2 tak pada enjin
kalu pagi kita isi minyak shell
petang isi petronas
malam isi sikit mobil?

najwa88

stesen minyak petron dpn ofis ni banyak bas je yg dtg...bas bwk pelancong asing....dulu banyak kate n motor yg singgah skr banyak bas...

versys

Abis tu beli tiket kapatebang MAS haram ke tidak? sebab MAS isi minyak petron campur arak..

DTECCONAN

dlm Islam ni senang ja,kalau dah terdesak tak apa la
sebagai contoh, ada kedai jual arak dan satu lagi x jual arak tapi mahal barang2 dia
lebih baik beli yg kedai x jual arak, walaupun kedai satu lagi murah teramat sangat
sama juga mcm isu minyak, kalau betoi Esso tu dah dipunyai oleh syarikat yg ada kaitan ngan arak, carilah syarikat lain....melainkan x dak langsung syarikat lain, kalau dah terpaksa nak buat mcm mana
org kadang2 lupa.... nampak realiti memang merugikan tetapi kalau benda tu x berkat, rasa mcm baru ja guna benda tu tapi dah habis
sebab itula kadang2 duit berjuta2 pun tapi x pernah cukup, ada org dengan seribu pun boleh buat mcm2 kalau berkat

akubest

aku pon kompius isu mirzan- san miduel- petron nih...

pada aku basic dia sebelum ni exxonmobil supply kat MAS..pehtu dah diamik aleh dek san miguel jenama petron tu..so no issue la...

issue kita sebagai islam ni buleh isi minyak ke tak..... aku rasa issue sama ngan kita gi genting, kita simpan duit kat maybank...sebenarnya in terms of proximity...pada aku selagi majlis fatwa tak ata haram...should be harus lahhh...tapi rasanya kalo ramai org was was and kompius rasanya majlis fatwa elok gak mewartakan fatwa untuk ni..harus ke hape...

hzln

Tuesday November 8, 2011

Unanswered questions in ExxonMobil deal with San Miguel


IT'S been close to three months since ExxonMobil International Holdings Inc first said it was selling its 65% stake in Esso Malaysia Bhd and 100% in two other unlisted subsidiaries for a total price of US$610mil (RM1.82bil) to Philippine-based conglomerate San Miguel Corp. But since then, the deal seems to have hit an eerie silence.

Little is known of its progress and ExxonMobil officials are keeping mum.

True, it was clearly revealed at the onset that the deal required a series of approvals, namely from the International Trade and Industry Ministry, the Domestic Trade, Cooperative and Consumerism Ministry and the Securities Commission.

It isn't clear why these agencies are taking so long to approve the deal, but a closer look at the situation does raise some interesting questions that could possibly explain why the agencies are still looking into it.

First up is this fact: On Sept 6, Boustead Holdings Bhd refuted certain information provided by ExxonMobil pertaining to the sale. Among other things, Boustead stated clearly that it did not have any intention on its part to close down Esso Malaysia's Port Dickson refinery or to lay-off any staff and that its (Boustead's) bid was on the basis of “business continuity, that is, the refinery would be operating as per usual”.

This is in clear contrast to what ExxonMobil vice-president Stafford T. Kelly had told the media in August that San Miguel was the only bidder that planned to invest in and operate the Port Dickson refinery for the longer term, and that this was not the case with other interested parties that had indicated plans to shut the refinery when the new clean fuel regulations become effective.

ExxonMobil or Kelly had declined to offer any explanation on this.

Boustead brought up another interesting fact its bid for the 65% stake in Esso Malaysia, took into consideration the interests of minority shareholders and also included in its announcement was that Esso Malaysia's share price between Jan 3 and June 30 was RM3.943. (ExxonMobil is paying RM3.50 per Esso Malaysia share.)

However, Boustead stopped short of revealing how much it had bid for the assets. If it did, then it would clearly indicate if its bid was more attractive.

But Boustead's comments do raise the question of valuation San Miguel is paying RM614.25mil for the 65% stake in Esso Malaysia and a whopping RM1.2bil for the unlisted assets of ExxonMobil Malaysia. The question is, why the significant difference in valuation? Until now, ExxonMobil has not revealed a clear breakdown of assets held by its listed and unlisted entities. All we know is this, and this is based on information from ExxonMobil: “There are approximately 560 service stations and equity interest in 10 fuel distribution terminals (seven active) between the three companies, namely Esso Malaysia, ExxonMobil Malaysia Sdn Bhd and ExxonMobil Borneo Sdn Bhd.” ExxonMobil declined to provide any further breakdown.

What is also noteworthy is that the Port Dickson refinery belongs to Esso Malaysia, the listed company. Hence, how could it be that the unlisted companies are valued at two times that of the listed shares of Esso Malaysia (albeit that it only made up of a 65% stake?)

ExxonMobil and/or San Miguel should make the effort to address this.

Here's another fact that must be keeping our regulators and government agencies thinking hard about this deal. On the one hand, they don't want to come out sounding too protective or discriminatory to foreign players. Any wrong move could send out the wrong message for potential investors in Malaysia.

On the other hand, try figuring this out: If San Miguel does succeed in entering the Malaysian market for downstream retail and refining of petrol, should it be entitled to the same licences that ExxonMobil had in the past? What we need to remember is that these licencees enjoy a certain level of subsidy from the Government, in the form of the Automatic Pricing Mechanism (APM), that has been determining the retail price of petrol and diesel since 1983. The APM provides the retailer with a certain level of margins, notwithstanding fluctuations in the actual cost of petrol.

In the early days, companies such as Shell, ExxonMobil, Caltex, British Petroleum and Conoco were given the licences to retail petrol as a means to incentivise them to invest in upstream activities. Conoco was a late entrant in the Malaysian retail petroleum market, teaming up with Sime Darby in the 1990s but they had invested in upstream projects with Petroliam Nasional Bhd. The question is, is San Miguel planning any upstream investment in Malaysia and whether it has the capability for it? To be fair to San Miguel, it has promised to invest between US$700mil and US$1bil to upgrade the aging Port Dickson refinery of Esso Malaysia. But should that alone entitle it to enjoy the benefits of the APM?


http://thestar.com.my/news/story ... ss/9857454&sec=

little_hana

^^arak clear u can see unsur arak, ini lain lo beli minyak jelas unsur minyak, byr ikut hrga minyak pasaran~~~~up to u lah dono know about uoll, i not very fussy, admit tht, but i bayar beli minyak dpt minyak, niat tuhan  sudah tau , i tk der mabuk, kereta ok, drive safe.... , uoll relly care about this matter I respect, but i dont respect selective person, this not ok..but others ok lah, tt not relly firm or coz just related to dr.m  ~~~~~~~

hzln

read pinoy's media...since this is a 2 billion deal, there'll be some fund-raising activities. nak upgrade refinery lagi. nak expand petrol stations lagi. the only bank mentioned: cimb

interesting.
but i'm the last person to be surprised by this