We can see the back of others but not our own

Malaysiakini as well as MalaysianInsider both reported that the former Prime Minister, TDM, has asked : Where has the Petronas money gone to?

Petronas money belongs to all Malaysians. As such it is important to be transparent and accountable both in its revenue and expenses.

Over the last 3 decades since it was formed, it has contributed almost 426.6 billion ringgits to government coffers.

Dr M asked where have the Petronas money over the last 6 years amounting to RM253.6 billion gone?

I would like to pose the same question to the government as well as another question to Dr M, where has the RM168.8 billion received during his 22 years as PM gone?

Dr M has mentioned that he is sure that the money is well spent.

 I am also sure that the money is well spent. Since the money is well spent, and that  this money belongs to all of us, we need to know how well spent it was and where it was spent?

Dr M was quoted to say that “I am sure the government has spent the money wisely. It would be interesting to know what the RM253.6 billion was spent on.”

I would like to say the same thing “I am sure the government has spent the money wisely. It would be interesting to know what the RM253.6 billion was spent on.” and also this “It would also be interesting to know what the RM 168.8 billion was spent on during the previous 22 years.”

One thing my late parents taught me well:  We can see the back of other people but we can never see our own back.


22 Comments (+add yours?)

  1. clearwater
    Jul 04, 2009 @ 10:12:07

    Whether RM253 billion or RM168 billion, the numbers mean nothing to the average tax payer. His burden has not been lifted by the Petronas windfall. All he is aware of is that cost of living continues to escalate whereas his income cannot keep pace and making ends meet these days is a perpetual challenge.

    Petronas money is supposed to belong to all Malaysians but it does not work that way, it is obvious some benefit a lot more than others. From scholarships to jobs to selective contracts to taxes to dividends, the money is spread out in so many different ways. I hope to live long enough to see the day the oil runs out. Then the final accounts will be presented.

    By the way, Dr Hsu, to see your back just hold a hand mirror over your shoulder.


  2. Dr Hsu
    Jul 04, 2009 @ 11:50:05

    that is why some time back, I have writeen an article titled “mirror on the wall”. A free press is like a mirror to give us the refelction that we need to check ourselves. ( click here )

    But since we do not have a free press (mirror), we see only people’s back and not our own back.

    That is why in Malaysia, you have leaders who are practising double standard. One standard for themselves and one for the other.


  3. clearwater
    Jul 04, 2009 @ 12:35:47

    Dr Hsu,

    I read your ‘mirror on the wall article’ on a free press and its check and balance role on political leaders. As I have said before, you speak good sense. It is precisely the failure of mainstream media to be independent that internet news media can thrive and blogs have a following.

    I certainly won’t trawl the net for alternative news and views if mainstream media are trustworthy and dependable. No offense to you as a blogger but some blog sites are also to be avoided as well.

    Have a good weekend.


  4. A true Malaysian
    Jul 04, 2009 @ 15:06:01

    “Where has the Petronas money gone to?” …..

    We have been asking this question long long ago since TDM’s time ,….. yet, no one answer the question.

    But, how come this question becomes so ‘significant’ when someone asking the question? Rakyat’s voice are ‘insignificant’?

    Let’s prove them wrong through ballot boxes, to prove our voices are more significant than ….


  5. Dr Hsu
    Jul 04, 2009 @ 16:05:10

    Dear readers

    Recent events do not herald well for the 2 party system that most Malaysians wish for.

    If PR cannot govern the states together, how are they going to govenr the Federal govt? A lot of people are asking the question now.

    What is your view on this ?


  6. A true Malaysian
    Jul 04, 2009 @ 16:54:58

    Dr. Hsu,

    I still have faith in PR. I see whatever happenings in PR as storm in the tea cup, mainly caused by “opportunist” or “unprincipled” politicians in PR. It is apparent that who are these politicians, not nice for me to name one by one.

    Don’t you think that the timing of these “storm in the tea cup” is just nice before the coming bye-election in Urai Manek? A loss in this bye-election will mean the end of Umno, which they can ill afford. That’s the main reason why Najib announced abolishment of 30% bumiputra quota but at the same time, remain 50% of the 25% public shareholdings spread, which is crucial to regain non-Malay supports, and to retain its Malay supports based.

    I think even PR knows who are these “opportunist” or “unprincipled” politicians, and was fast to form cabinet committee to counter attack these “storm in the tea cup”.

    The next move PR should do is to formalized their relationship by forming a coalition and spelled out the common objectives. From there, these “unprincipled” politicians should be expelled from PR if they still choose to create “storm in the tea cup” again.

    Rakyat should made-up their minds to let PR or BN form the governments at state and federal level, and not mixture of both levels. Rakyat are facing hell lots of problems at present. The fighting amongst politicians are shameful, non-productive and discredit the country in the eyes of international communities.

    At the end, who are the one suffered? We are the one, not these politicians.

    My choice is still PR as coming governments, unless there are revolutionary change in all areas, Police, Judiciary, Legislation, Executive, AG, Education, just to name a few.


  7. klm
    Jul 04, 2009 @ 17:28:07

    It actually does not matter if PR can govern the states or even the country. All it they need to do is chuck out BN in the next election. At worse we have one term of mess. This is to humble and force the necessary changes in BN.

    PR can be like Ah Beng in Taiwan. If it can help purge the evil spirits in BN, then it has served it purpose.


  8. A true Malaysian
    Jul 04, 2009 @ 17:30:15

    I am not a hard core PR supporter.

    I simply have no better choice. In PR, at least I can see “principled” politicians like,….

    Can you name some of the “principled” politicians in BN?

    Base on this criteria alone, my pick is still PR.


  9. Chauncey Gardener
    Jul 04, 2009 @ 17:51:08

    Going back to the original blog post, to compare RM 168.8 million collected over 22 yrs with RM 253.6 million over 6 yrs is not comparing apples to apples. Both have to be inflation adjusted and indexed to arrive at comparable figures.

    Also, during Tun Dr M tenure as PM, Petronas accounts were (and still are, I think) not required by statute to be published. In other words, Petronas was an exception to the Companies Act regulations whereby financial accounts are required to be submitted to the RoC annually.

    Thus, while it is still the rakyat’s money, we can only guess where it went to.


  10. A true Malaysian
    Jul 04, 2009 @ 18:15:25

    “If PR cannot govern the states together, how are they going to govern the Federal govt? A lot of people are asking the question now.”

    Dr. Hsu, I think this question is not a fair question at all simply because PR state govt cannot do much without funding from Federal Govt and cooperation from civil servants of Federal Agencies at states governed by PR. You can see this in Perak and Penang where Federal Agencies civil servants have no respect even to MB or CM, or even PR Aduns. How to get them to work in carrying out policies that good for the people?

    If DAP is not a party with principle, they will just abandon PR and join BN, like what Tun Lim Chong Eu did. This is why I have no respect on Gerakan for joining BN, by succumbing to pressure from BN.

    This is why my stand is, coming GE, people should either go for PR or BN in both state and federal levels, and not mixture of both. But, for sure, Penang, Selangor, Kelantan, Kedah will still go to PR, no matter how.

    PR, if take control of Federal govt, should show their maturity in governing the country and being fair in funding to states under BN, if any.

    It is time, Umno, being the backbone of BN, be fair to these states under PR to regain support of Rakyat, and not through these spins in MSM and politiking.


  11. Nick
    Jul 04, 2009 @ 20:27:44

    It doesn’t matter to me that it was TDM who asked this question because this Govt does owe the Rakyat a decent reply. Anyway, the answer is not going to be easy. Petronas contribution to the Govt coffers is never restricted into a specific fund. It just gets “lost” inside all the Revenue streams including tax-payer’s money by IRD.


  12. Disgusted
    Jul 05, 2009 @ 00:35:14

    There must be hidden hands stretched out to sabotage Pakatan, as an on-going effort to disintegrate the potential of a two-party system.

    In Pakatan, the equal partners unlike BN whereby UMNO is lordship to the other components, have to learn to resolve “hiccups.”

    Of course, BN in the historical context also NEVER had a smooth marriage which UMNO vultures never bother about history now are spewing and spinning more petrol into the simmering fire over Kedah and Penang issues.

    The mainstream media is having a field day, driving the dagger deeper and making it more serious than it really is. It is pure psychological to demoralise the PR followers as well as he public members, projecting PR is NOT capable to rule.

    Of course, all PR components have black sheep especially PAS and the youth wing refusing to douse the fire lit over the unity issue.

    Well, the future of the nation is in their hands and until the next GE, the voters have only that time to provide the fuel. Not now and until then….voters await the fate.


  13. Justin Choo
    Jul 05, 2009 @ 00:41:37

    DR Hsu,

    If there is not going to be any other alternative, I will still let the other devil take over, just to kill off the known devil.

    On a more relevent note, this Old Goat has passed the gate. It is his insatiable desire to be noted and to influence and control others that keeps him going strong. It is his opium. His double-speak is becoming foolish droning.


  14. romerz
    Jul 05, 2009 @ 01:15:08

    Dr Hsu,

    This much I know. Ordinary Penangites shrug their shoulders and frown when asked the same question.

    BUT having said that, they almost ALL said DAP will be given another term to prove their mettle and UMNO and their BN lackeys must NOT be allowed back to Penang for at least another term!

    We may not be able to change national politics given the ongoing nonsense but UMNO/BN and Gerakan is dreaming if it thinks it will wrest back Penang – no fat chance!

    And if it’s president still thinks that Penangites will relent and let Gerakan come back one day, he is sorely mistaken.

    Personally I do not think Penangites have problems with silent suffering intellectuals from Gerakan but have immense problems with it’s leadership who have no ‘balls’ to stand up to the monster!

    Your party is as good as dead UNLESS the top leadership makes way for new blood. Now is your chance given PR’s internal problems.

    But first, you must tell your president to leave BN then get lost!!!!

    In so far as Penang is concerned, I think most Penangites would rather go it alone than allow Gerakan, UMNO, MCA and MIC to return!

    Better with the naive and inexperienced but who are prepared to listen to common sense THAN the crooks and those who fear the crooks!!!


  15. klm
    Jul 05, 2009 @ 10:40:35

    I found this piece written in a Taiwan gov website : http://www.gio.gov.tw/info/taiwan-story/economy/edown/3-7.htm

    The Problem With Prosperity

    By the 1980s, Taiwan had completely shaken off its poverty and entered the realm of prosperity. Many of Taiwan’s entrepreneurs remained as cautious and attentive as before and continued to work diligently. As a result, Taiwan’s domestic economy began to expand outward and develop overseas, while traditional industries began to evolve into new areas. Nevertheless, a number of people harbored dreams of getting rich overnight, indulged in the pursuit of money, or sought personal gain through shady transactions. This resulted in many adverse effects, and the following phenomena:

    The “Nouveau Riche” Mentality

    When poor people suddenly find themselves rich, it is very easy for them to become caught up in a “nouveau riche” mentality. They often fall prey to material comfort, profiteering, speculation, squandering without restraint, and gambling. Some will even go so far as to use religion as a guise for unscrupulous means of getting rich quickly.

    Dont it sound a bit like Malaysia – only it has the race angle thrown in. In particular, the new new rich folks are the UMNOPutras.


  16. cilipadi
    Jul 05, 2009 @ 12:16:50

    Hahaha, now I can see more Malaysians buy my story.

    I just back from scuba diving expedition with my Malay friend, who rent his land to Chinese as fruits orchard. We just enjoyed together durians and mangosteen from the orchard.

    You see, during the expedition, we met some ‘sotong’ or octopuses in English, and managed to escape and killed some too. If not, we will be in the dark like what Perakian facing in Perak, Kedahan in Kedah and Penangite in Penang.

    Come on, Malaysians, why can’t you guys see clearly? As someone mentioned, the timing of these happenings are too close with the coming bye-election in Trengganu. They look like being “orchestrated”. They can just plant some “moles” in PR. They have the power and money to do that. These lousy grade politicians can be easy bought out,……. I, an outsider non-Malaysian see these tricks since many years landed in Malaysia.

    I will share in this blog my observations on the behaviour and characteristics of 3 main group of Malaysians, Malay, Indian & Chinese. My Malay friend suggested me to write to Malaysiakini, but I don’t buy his idea. Why should I in the first place? Malaysiakini can’t even publish the “interview” of what monk was talking about.

    Don’t be a fool lah, you guys. Tell me, what else they cannot do to paint themselves as angels?


  17. Disgusted
    Jul 05, 2009 @ 22:28:03

    Ha, ha, Cilipadi, did you get all the water out of your ears?

    What interview? What did I talk?

    Ha, ha….cilipadi, check the “Mirror” tomorrow or day after!

    Don’t know? Please get the “tip” from Dr Hsu.


  18. andrew
    Jul 06, 2009 @ 13:00:41

    What Petronas money are you all talking about ? The money is considered as ” Ah Kong ” money and only for the princes and not others. Thus, will they ever be transparent on its account ? Nada.

    Let us not expect too much and we will not feel too bad. Vote and vote wisely for the next GE will be the battle of waterloo for many people !


  19. Dr Hsu
    Jul 07, 2009 @ 10:49:40

    dear readers,
    I am experiencing very erratic internet connections, the connection cut off on and off and sometimes for a long while I could not get conneted, even though the modem internet light is lighted up. HAve called TMNet..Sorry for ot been able to post past 2 days.


  20. cilipadi
    Jul 07, 2009 @ 12:51:47

    Any “tip” from you, Dr. Hsu?

    Mirror? What mirror?

    tip makan cili, mirror rasa pedas


  21. Dr Hsu
    Jul 07, 2009 @ 13:06:21

    what tip? what mirror?

    Using the zen language, ‘tip’ is no tip. ‘Mirror’ is no mirror. Initially there is really nothing but void, so where do all these come from? 本來無一物, 何處惹塵埃…

    🙂 🙂


  22. monsterball
    Jul 07, 2009 @ 13:52:10

    The flag is not moving.
    The mind is.
    And the minds of most Malaysians are being brainwashed and programed to like and vote for UMNO.
    My mind is at peace and clear.
    Friend become foes and vice versa..in politics.
    That’s why I stay out being a member in any political party.
    Mahathir has the most cunning mind…best in dirty politics…welknown to the world.
    He has weak points that shows.
    He is so jealous of Lee Kuan Yew popularity…..never ending….never feel shameful with his idiotic reasons.
    Now…he is showing the skills of passing the buck..concerning Petronas…before anyone pin him down…as the most corrupted PM in the history of Malaysia
    He knows..whatever he says..present UMNO buggers dare not confront or touch him.
    Dr.Hsu has his ways to thrown the questions back to him.
    Mahathir is an established crook and a devil.
    He is happy..right now…son is in the cabinet and about to supply thousands of computers to schools ..worth hundreds of millions
    Najib and company are at his mercy….as all are corrupted to the core…he has tons of evidences..if ever anyone tries funny with him.
    Teaching “Money is Power?…encouraging corruptions…all are trapped…making him..so successful…became . the longest governing PM in the history of Malaysia…stealing our hard earned money….and taking country’s wealth…as if..all belongs to him.
    He was a dictator.
    His chosen ones and cronies are filthy rich…set up a chain reactions by their crooked examples…for all.. to get rich…by hook or by crook…and biggest opportunities went to police and Mentri Besars.
    Transport…Immigrations..Town Councils…to name a few….all on the take for 22 years under Mahathir….yet he is questioning where the billions from Petronas gone to.
    Mahathir..like ex Judge Ian said…is the devil reincarnated.


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