Friday, June 12, 2009

Petronas reject Omar Ong directorship

The latest news from Rocky is that Petronas has rejected Omar Ong to be a director in defiant to the directive from PM Najib. This shows that the board of directors of Petronas which is made up of professionals does not want any politicians or their crony to interfere in the day to day running of the national oil company.SYABAS to the directors of Petronas for taking this stand as it is under the control of the PM dept and defying the directive of the PM shows the independent stand of the board. To the board,keep up the good work as you all have make Petronas a company that malaysians are proud of. Thus, Petronas will be able to keep out vultures like Rembau or other politicians who has been eyeing our national oil company. Recently,Bank Negara reported that our GDP decrease by 6% for the 1st quarter of this year.Together with the announcements that the govt will withdraw the subsidy for flour,sugar & bread,this shows that the govt is unable to revive our recession hit economy as the govt is on the verge of being BANKRUPT. With our exports decreased tremendously,the only way to overcome this recession is by PUMP PRIMING but unfortunately our govt do not have the finanacial resources to do it.

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