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of jaguh kampung & morons July 21, 2008

Posted by youppe in business, finance, politics.
10 comments
Petronas

Global 500 Rank: 95
Profits ($millions): $18,118.40
Change from 2006: 40.9%

Profits surged over 40% for Malaysia’s largest company last year. The state-owned gas firm capitalized on the price of crude, selling Malaysian crude oil at $68.50 per barrel during the fiscal year 2007, up 11.2% from the previous year.

The company contributes more than a third to the Malaysian government’s annual budget.

-excerpt taken from Fortune Global 500

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yeah. it is a well-known fact that our own Petronas was a Fortune 500 company, but this year marked its first top 100 standing, at no. 95. yeah, ninety-five. a freaking Malaysian company, that. you’ll get dizzy when looking at the long list of sprawling MNCs lying in the wake of proud MCOB Hassan Marican’s superbly managed team, the likes of technology giants Dell (no 106), Microsoft (no 136) and Intel (no 188), top global defense contractor United Technologies (no 123), EADS (besides defense, also parent company for Airbus – no 127) and Lockheed Martin (no 170), car manufacturers Renault (no 119), Mitsubishi (no 130) and Volvo (no 167), and other global behemoths such as Unilever, Pfizer, GlaxoSmithKline, Time Warner, BHP Billiton, Bank of China, Motorola, Coca Cola, News Corp, etc.

but you’ll get dizzier – in fact Anwar Ibrahim did mention briefly about this during the infamous ‘Debat’ – when you take a look at the list of Fortune’s Top 20 Most Profitable Companies In The World.

2008 FORTUNE GLOBAL: 20 MOST PROFITABLE COMPANIES IN THE WORLD

  1. ExxonMobil
  2. Royal Dutch Shell
  3. General Electric
  4. BP
  5. Gazprom
  6. HSBC
  7. Chevron
  8. PETRONAS
  9. Total
  10. JPMorgan
  11. Royal Bank 0f Scotland
  12. Toyota Motors
  13. Bank of America
  14. China National Petroleum Co.
  15. Microsoft
  16. ENI
  17. BHP Billiton
  18. Vodafone
  19. Berkshire Hathaway
  20. Petrobras

oh yeah. at USD 18 billion earnings, Petronas is the 8th most profitable company IN THE WORLD. NUMBER 8, for God’s sake!!!! phew, don’t you get dizzy looking at the giants in the list, and finding Petronas smacked right in the middle? we know all about the independent/international oil supermajors ExxonMobil, Shell, BP, Chevron, France’s Total and Italy’s ENI, while GE needs no introduction. the world’s biggest miner Australia-based BHP Billiton was there, Europe’s biggest bank HSBC and current darling RBS were also there, so were US-based banks JPMorgan and Warren Buffett-controlled Berkshire Hathaway, both remained strong in the current US subprime crisis despite the not-so-fortunate fate of their US rivals and peers. a familiar name to Malaysians were Toyota and Microsoft, and Petronas made more profit than both of them. on queue with the current trend in the oil industry, where the power of international oil supermajors are diminishing and overtaken by up-and-coming national oil corporations (NOC), there were 4 NOCs in the list. only Russian behemoth Gazprom, who is also the largest gas producer in the world, betters Petronas in terms of profits. other NOCs who were raking in the profits are CNPC (parent company of PetroChina) and Brazilian state-owned Petrobras. (i wonder where is Saudi Aramco, the largest oil producer in the world..? or other national oil corporations – especially NIOC (Iran), PDVSA (Venezuela)?)

you can think of any company other than the top 7, and Petronas made more profit than them. name anyone you want, any global conglomerate you can think of, and Petronas made more money than them. true, our oil & gas reserves are tiny compared to Saudi, Iran or Venezuela (countries that give the cheapest fuel prices), but our national oil company made wayyyyyyyyyyy more money. so go figure. comprehend the magnitude. understand what it means.

i have commented before in someone’s blog (i think NoktahItam’s), and Mr Anwar has also stressed the same during the debate (a simple point which was not understood by Shabery)… the problem is not with Petronas. Petronas is world-class, they deserve everything they’ve achieved. it is a corporation with the sole aim of making money out of the riches from our soil. they do that magnificently… being number 8 coming from tiny Malaysia, what more can you ask for? but when they hand over the billions back to their ultimate owner, that’s where the problem lies. what this owner does with the money, is out of Petronas’ responsibilities. whether they make tall skyscrapers, F1 circuits, bailout crony companies, make more schools in rural areas, purchase private jets and new Mercedes for civil servants, subsidize fuel prices to lessen the rakyats’ burden, etc.. it is up to the owner, and not Petronas.

the most ridiculous, moronic suggestion i heard so far this year is ‘Boycott Petronas’. so you want to help filthy rich Western capitalists ExxonMobil, Shell and Chevron (who owns Caltex) make even more money at the expense of our own local giant?

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tu la, fikir guna kepala lutut.

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(oh, don’t get me started on the IPPs, it’ll be another whole page)

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of my sodomized nation, SEPI & cinta July 9, 2008

Posted by youppe in personal, politics, quotes.
8 comments

well.. some of my regular readers (errr… can i use that term, because i don’t update this blog that regularly.. hehe) asked me when will i write my ten cents’ worth on the ongoing soap opera between Najib Razak and Anwar Ibrahim. my answer to that is… wake me up when everything’s over and the dust have settled and we know who wins in the end. then maybe i’ll write an interesting piece, or maybe not if the winner is Najib, ahaha (why? you kidding me? i wanna get married and die of old age, please!)

but anyway, i think the only one being sodomized in all this mess.. is the rakyat. yeah, that pain in your ass, is because you are currently being sodomized. not all fun, ain’t it? when the first SD from Raja Petra came out, it was shocking. when a 60-year-old grandpa with a back problem was accused of meliwating a tall, supposedly strong 23-years-old young man, it got interesting. but then all that happened afterwards was just plain sad and pathetic, and it really showed the realities of the current sorry state of our sodomized nation. everything is politicized, now even the Syariah Court has been dragged into this. sumpah dengan Quran… you think we’re in high school?? that’d be enough? it never crossed your mind that both parties would just do it without even flinching?? but then when the general perception towards our civil institutions and even the ulama was at all-time low (barring perhaps during the certain points in Mahathir’s 22 years tenure) it’s hard to fathom how the truth could ever come out. and i don’t think that the truth will ever come out from this one. what will come out is just the guy with the bigger hand, with some aces left in his sleeves.  when it is already a general public opinion that we can’t trust our police, our judiciary, our legislative head and even our ulama’, i can’t imagine a worst picture i can paint about the current disastrous state our country is in. and it does get kinda scary sometimes. it’s oblivious who’s sodomizing who, when both of them are actually sodomizing the nation. sodom me lah!!!!

so who’s gonna win?

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my bet’s on Khairy.

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on another totally different note…

i think SEPI was superb. i have a hard time believing a local production house can produce such a movie. it was world class… the script, the acting, the songs, the scenes, etc everything. from basically the same team that made CINTA (Kabir Bhatia is genius!!), this one’s better and deeper. much deeper. words are kept right where it hurts the most, and in Malay (how about that?)… and boy what about the storyboard? and the SEPI puisi, it was excellent.

for those of you who haven’t watch it, please do. because a movie of this quality deserves all the recognition you can give, triple over the recognition you can give to the likes of Cicakman, Nana Tanjung (wtf??), Anak Mami and any other thing he called ‘movie’ that Mohaideen fella throws out.

a sign of better days to come? Malaysian film industry will at last be saved? hmmm…. (i’ll certainly produce a movie one day…)

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*the movie’s attempted potrayal of Kahlil Gibran was beautiful. he’s one of my all-time favourite writer and poet, his words are one of a kind.

“.. it is well to give when asked, but it is better to give unasked, through understanding ..”

“.. out of suffering have emerged the strongest souls; the most massive characters are seared with scars ..”

“.. the deeper sorrow carves into your being the more joy you can contain ..”

“.. the optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose ..”

“.. to understand the heart and mind of a person, look not at what he has already achieved, but at what he aspires to do ..”

“.. i have learnt silence from the talkative, toleration from the intolerant, and kindness from the unkind; yet strange, I am ungrateful to these teachers ..”

– Kahlil Gibran, 1883 -1931

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i think…

i’m just as far in as i’ll ever be out.

she feels so close now, yet she’s so far away. oh she’s far away.

i know she’s so far away.

yet, sometimes i feel…

like i smelled her in the winds lately.

her scent, one i cannot forget, was in the air.

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pardon me…

i’m just waiting for my real life to begin.

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