Friday, July 01, 2005

Interesting news to cheer you up!

In the Star today:

"HIGH oil prices saw Petroliam Nasional Bhd (Petronas) report a bumper profit for its financial year ended March 31, but the national oil company's president and chief executive Tan Sri Mohd Hassan Marican stressed that skyrocketing prices was not the sole reason for the record-setting financial performance.

10 Clicks To Victory Contest Hassan said the group's manufacturing business, which consists of the manufacture of petroleum products, liquefied natural gas, processed gas and petrochemicals, accounted for RM78.2bil or 57% of the group's total revenue of RM137bil for the financial year just ended. He also credited improvements in efficiency as another factor for the improved financial performance."

As usual - big corporate daddy reap all the profits while the rest of us has to make do with skyrocketing petrol prices and goods. Hmmm... something is not quite right here, right?

Malaysia - a petrol producing country, Petronas reaping all the profits, Malaysian layman has to pay higher oil prices. Economic equality of the new century?

No comments: