‘Sarawak to become advanced state under Abg Johari’

Fu (ninth left), with wife Liu on his left, pictured with leaders and members of Chinese associations and organisations. Also seen is Board of Management for Kuching Chung Hua Middle Schools (CHMS) No. 1, 3 and 4 chairman Dato Richard Wee (eigthh left).

KUCHING: Chief Minister Datuk Patinggi Abang Johari Tun Openg’s economic strategies, which focus on digital transformation and innovation to catch up in the digital world, will definitely drive Sarawak towards becoming an advanced state.

This was pointed out by Chinese Consul-General in Kuching, Fu Jijun who said Abang Johari had brought a strong momentum of development to the state even though the latter had been in office for only eight months.

“With his visionary plan in keeping up with world trend and speeding up the economic and social transformation, Sarawak is on course for a brighter future,” he said in his address at the dinner to celebrate the 68th anniversary of the founding of the People’s Republic of China (PRC) at a leading hotel here on Tuesday.

The dinner was attended by Abang Johari and wife Datin Patinggi Dato Juma’ani Tun Tuanku Bujang; Fu’s wife Liu Sha; Minister of International Trade and E-Commerce Dato Sri Wong Soon Koh; Minister of Education, Science and Technological Research Dato Sri Michael Manyin Jawong; Minister of Tourism, Arts, Culture, Youth and Sports Datuk Abdul Karim Rahman Hamzah; Assistant Minister of Transportation Datuk Dr Jerip Susil; Assistant Minister of Tourism, Arts and Culture Datuk Lee Kim Shin; former deputy chief minister Datuk Patinggi Tan Sri Dr George Chan as well as leaders representing the Chinese community, associations and organisations.

To achieve the ultimate goals, Fu noted that Sarawak had set up Ministry of International Trade and E-Commerce, Development Bank of Sarawak (DBOS), its own oil and gas company Petros, Upper Rajang River Development Agency and Highland Development Agency.

“That apart, RM1 billion has been committed to develop information and communication technology (ICT) infrastructure, the Bakun HEP Dam has been purchased, RM100 million has been injected into Yayasan Sarawak for financing students to study master and doctorate degrees in science and technology,” he commended.

More importantly, the Chief Minister also attached great importance to building sustainable collaborations between China and Sarawak for mutual benefits, he added.

“He has visited China twice where once he personally sealed a collaboration and another time he witnessed the signing of agreements and memorandum of understanding (MoU) for bilateral cooperation,” he said.

He also said the state had benefitted from collaborations and investments such as in iron production, steel and building materials, oil and gas, hydropower, real estate as well as trade and e-commerce.

“The solar power plant invested by Xi’an Longji and the rubber farm invested by Guangdong Reclamation companies are going well and have hired thousands of Sarawakian workers,” he shared.

On the 68th anniversary celebration, Fu shared that “With 68 years of unabated efforts from all Chinese people, China has become the world’s second largest economy”.

“The ties between China and Malaysia especially have repeatedly shown that no country can achieve prosperity and become strong without collaboration with other countries,” he highlighted.

“For decades, China and Malaysia have been working together to promote our mutual beneficial collaborations. China has been Malaysia’s largest trading partner for eight years, and Malaysia is also the largest trading partner of China among the 10 Asean countries,” he added, pointing out that more and more new collaborations are coming up in the fields of infrastructure, manufacturing, trade, digital economy, culture and education between the two countries.

Fu noted that Prime Minister Datuk Seri Najib Tun Razak had attended ‘The Belt and Road International Cooperation Forum’ in China in May this year.

“The enterprises of both sides signed new agreements valued at about RM30 billion. In August, the RM55-billion Malaysian East Coast Railway, which is co-invested and built by Chinese and Malaysian companies, officially started,” he added.

Fu thus urged both Sarawak and China to continue deepening their friendship for mutual prosperity.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1688

Higher inflation

THE already high cost of living is about to get higher in the coming months and Malaysians should brace themselves for it.

Why? Crude oil prices are rising. From June 21, when prices were at the lowest for the year, to Sept 14, Brent, the global benchmark, has jumped 21.56% while the US benchmark WTI has risen 16.13%.

When crude oil prices broke the US$50 a barrel level late last year and into this year, consumers felt the pinch. Headline inflation was at its highest led by transportation and fuel costs in March before tapering off as oil prices dropped into a trading range in the low to mid-US$40s.

Brent has gone back to above US$50 and should WTI break above the US$50 level, there is a possibility it will go back to the mid-US$50 trading levels. Transportation and fuel costs will rise in tandem and this will have a spillover effect on other prices.

Because of the high-base effect (inflation was rising late last year into this year), it looks like inflation is moderating when comparisons are made. But when volatile fuel and food prices are stripped off from the consumer price index, core inflation, which reflects the prevalence of inflation, is actually rising.

The grouses of consumers, despite the best efforts of policymakers to explain, are real where prices are concerned. The high cost of living, coupled with low wages, will mean that households that spend the better portion of their income on necessities such as food, housing and transportation, will feel the impact even more.

The economy looks like growing at a healthy pace this year versus the doom-and-gloom at the beginning of the year. But the growth rate is not reflected in consumer sentiment.

Will the unexpectedly good performance of the economy this year reflect in the wages of ordinary wage earners in the coming year? Because it is of no use to say that the economy is growing when the benefits do not trickle down to wage earners.

Samling, a trail blazer?

THE oil and gas (O&G) industry may not be exciting in Peninsular Malaysia, but it sure is sizzling in Sarawak.

The Samling group this week increased further its interest in Barakah Offshore Petroleum Bhd to 13.19%, underling its interest in the O&G company. It does not take much to guess the interest of Samling group in Barakah – it obviously has to do with the greater development of the O&G industry in the state.

Last month, the state set up its very own version of Petronas – Petros Sarawak. Petros is now actively looking for a chief executive and other key officials to drive the organisation.

All O&G-related jobs in Sarawak will likely be channelled through Petros.

As this is unfolding, obviously Sarawak-controlled O&G companies would stand a better chance to bag jobs from Petros.

At the moment, there are not many large O&G companies from Sarawak. And it would be futile to build one from scratch when there are many O&G companies that are going for a song.

Two years ago, nobody would have been able to buy into an O&G company such as Barakah at such low valuations. Today, it is very possible because the peninsula-based O&G companies are fighting for a small pool of jobs.

Margins are low and many have assets that are left idle with a bank loan to service.

The time is ripe for more merger and acquisition activities in the O&G sector.

For companies such as Samling that made its fortune in timber, switching focus to the O&G sector with the help of Petros is apt.

Timber is a tough industry, as the easy logging concessions have all been taken up. The O&G sector is not easy. But valuations are low and good companies with strong manpower are up for sale at a bargain.

So, is the Samling group’s move into Barakah just the start of a new acquisition trail?

A Geely CEO for Proton

TO those following the developments of Proton Holdings Bhd, they should not be surprised at the latest development.

The new chief executive of the company that produces the national model will be from Zhejiang Geely Holding Group Co Ltd. The person will replace Datuk Ahmad Fuaad Kenali from Sept 30 onwards.

This will mark the first time that a foreigner would be holding the CEO’s post in Proton, a post that would effectively make him (or her) the head of production operations.

The other key positions such as chairman and the head of Proton Edar – the marketing and distribution arm of Proton – are still held by Malaysians.

As a 49% shareholder in Proton, Geely certainly is entitled to nominate its representative to Proton.

The automotive group from China has put in its money for its stake. It has the right to see that its interest is taken care of.

Not to be forgotten is that Proton was bleeding DRB-Hicom to the extent that the local automotive group had to seek financial assistance from the government. The losses were close to RM1bil per annum at a critical stage.

It was at this juncture that Geely came into the picture.

Going forward, if a change in guard at the helm can help Proton turn around, then it is something that should be welcomed.

After all, we have tried local talent and it has not worked.

So, let’s give the new strategic shareholder a chance, even if it means putting its representative as the CEO.

For long, Proton cars’ quality has been viewed unfavourably. That is one of the reasons why it has not been able to capture a bigger share of the local market.

Hopefully, with a new strategic shareholder and a new man at the helm – even though the person is a foreigner – the view on Proton cars will change, and the fortunes of the company with it.

Source: https://www.thestar.com.my/business/business-news/2017/09/16/higher-inflation-samling-a-trail-blazer-a-geely-ceo-for-proton/

Petronas gets tested by Sarawak’s Petros

As higher oil prices lifted the profit of Petronas Nasional Bhd by more than 100% at the end of its second quarter, it does appear that the vagaries of the oil and gas sector have found some stability.

Oil prices have found stability of late after a period of volatility that saw a number of oil and gas companies endure pain none had seen for years prior to the crash in oil prices in 2014.

With profits on the mend, thanks in part to better cost management, Petronas declared a higher dividend of RM16bil to the Government after its second quarter financial results were announced last month.

With more money to dish out, it then appears the time has come for not only the service providers to ask for greater clarity in the jobs they can expect ahead, but also for states where oil is being produced from.

Sarawak, which has long asked for a greater share of oil revenues from production activities in the state, has decided to set up its own oil and gas company called Petroleum Sarawak (Petros).

Indications are that the state is looking for Petros, which was in the works for some time and before Petronas’ profits had bounced, to be an equal partner with Petronas for oil activities in the state, which will dramatically change the dynamics of the oil industry in the state and also the country.

But the move by Petros is not the first by a state in demanding a greater share of oil revenues from Petronas.

Terengganu, which has a big oil and gas industry, used to receive nearly RM6bil a year in royalties from Petronas but that was ended in the year 2000.

Reports are that the state and Petronas are back discussing the return of royalties to the state.

Apart from states asking for a greater share of oil revenue, the Government too has in the past made moves to expand to role of companies engaged in the oil and gas business in the country.

Jawala Corp, Crest Petroleum and Ranhill Bhd once formed a consortium to get involved in the country’s oil and gas space through the drilling in marginal oilfields.

The creation of the consortium came after the tabling of Budget 2004 where an approval was given to a private consortium to drill for oil in marginal fields.

The stance taken by Petronas then with regard to the consortium entering the oil and gas space was the same taken by the company when it deals with requests from states for more money.

It was reported that Petronas president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin recently said that he welcomes any involvement by state government entities in the oil and gas (O&G) business, but it has to be within the Petroleum Development Act (PDA).

“We have a strong relationship with the Sarawak government, as such, we welcome its participation in the O&G industry.

“But we also have regulations in place, of which under the PDA, Petronas is the custodian and manager of the O&G resources in Malaysia,” he told reporters at a briefing on Petronas’ mid-year results recently.

Wan Zulkiflee adds in the report that the partnership with Petros could be similar to other Petronas partnerships, either as service providers or as a partner under the production sharing contract (PSC).

“Discussions are ongoing with the Sarawak state government,” he said when asked about the potential partnership between Petronas and Petros.

Chief Minister Datuk Amar Abang Johari Tun Openg officially announced last month the formation of Petros, with a target for the company to be operational in the first quarter of next year.

“The formation of Petros is an unprecedented step taken by the state government to enable Sarawak to actively participate in the extraction of oil and gas in Sarawak while still pursuing its request for a 20% royalty from Petronas,” he says.

The pressure Sarawak can put on Petronas has been evident in the past. As employees in Sarawak need work permits, even for those from Peninsular Malaysia, the state had in the past wielded that right as it pursued that in the past.

In August last year, Petronas issued a press release citing its concerns over a moratorium imposed by the Sarawak state government on all new applications for work permits for Petronas’ employees from outside Sarawak to work in the state.

“Petronas believes the decision, announced over the weekend, may have been made based on the misperception that Petronas’ recent group-wide business restructuring had unfairly impacted its employees from Sarawak.

“Sarawak remains a key investment state for Petronas, where its workforce requirement will continue to grow. Petronas expects the majority of the workforce required to meet the new manpower demand will constitute Sarawakians, as per existing recruitment practices. A number of positions is expected to be filled by experienced employees, which may include non-Sarawakians,” it said then in a statement.

Related story:

Search for Petros CEO intensifies

Source: https://www.thestar.com.my/business/business-news/2017/09/09/petronas-gets-tested-by-sarawaks-petros/

‘Experience a must for additional Petros board member’

Abang Johari speaks to reporters after the function. — Photo by Muhammad Rais Sanusi

KUCHING: The additional non-Muslim Bumiputera board member for Petroleum Sarawak Bhd (Petros) has to be ‘very experienced’, says Chief Minister Datuk Amar Abang Johari Tun Openg.

When approached by reporters after distributing sacrificial meat at Masjid Darul Hana in Petra Jaya here yesterday, Abang Johari replied to those asking who the non-Muslim Bumiputera board member would be: “Just be patient. We need a very experienced person. You can ask the board later.”

On the criticism by some netizens that the initial list of Petros board members lacked Dayak representation, Abang Johari remarked: “Actually we already have a Dayak on the board – (Datuk Mohammad) Medan Abdullah. He is a Kelabit.”

The chief minister added that he had no control over what individuals said online.

Last month, the Chief Minister’s Office announced the appointment of Tan Sri Datuk Amar Dr Hamid Bugo – a former state secretary who once served with Malaysia LNG Sdn Bhd in Bintulu – as Petros chairman.

The other board members are Medan, who is Bintulu Port Holdings Bhd chief executive officer (CEO); Sarawak Energy Bhd CEO Sharbini Suhaili; state Public Works Department director Zuraimi Sabki; and Heng Hock Cheng, who served as managing director of Shell Gas and Power Malaysia before his retirement in October 2006 after 34 years of service encompassing areas of upstream, downstream as well as gas and power divisions.

Soon after the announcement, Deputy Chief Minister Datuk Amar Douglas Uggah Embas told The Borneo Post that Petros would appoint a non-Muslim Bumiputera to the board soon.

Uggah said he was tasked by the chief minister to look for a candidate.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1630

Sarawak CM: Petros board members must be very experienced

Abang Johari says skills and experience are vital for the oil and gas industry to grow.

KUCHING: Sarawak Chief Minister Abang Johari Tun Openg said for a person to be appointed as a board member of the newly formed Petroleum Sarawak Berhad (Petros), he or she must be very experienced in the oil and gas industry.

He was responding to a question posed by a reporter who asked when he was going to appoint a Dayak representative to the Petros board of directors.

“Actually, there is already a Dayak representative in the board by the name of Mohd Medan Abdullah, who is a Muslim Kelabit,” he said here today.

The Chief Minister’s Office had recently announced the appointment of former state secretary Hamid Bugo, who once served with Malaysia LNG Sdn Bhd in Bintulu, as chairman of Petros. Hamid has also been chairman of oil and gas company Sapura Resources Bhd since March last year.

The other Petros board members announced are Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng, whom Abang Johari had described as “experienced industry professionals with very strong and proven track records and had served in key positions in the oil and gas industry”.

Lately, Abang Johari has received criticism from the Dayak community (Iban and Bidayuh) for not appointing representatives from the two communities.

Following the widespread criticism in the social media, Deputy Chief Minister Douglas Uggah had said the chief minister had given him the task to look for a qualified Dayak to be on the board.

The chief minister also reminded these individuals and groups not to play with religious issues in the appointment of the board members.

Petros will enable the Sarawak government to participate in upstream oil and gas development, particularly in the exploration and extraction of oil and gas within state waters.

The state government said the initiative would create jobs for locals and draw expertise from outside the state.

“Petros is now embarking on the search for a CEO and other key management positions to enable it to be operational by the first quarter of next year,” he said, adding that Petros would not be a junior partner to Petronas, the national oil company.

Source: http://www.freemalaysiatoday.com/category/nation/2017/09/02/sarawak-cm-petros-board-members-must-be-very-experienced/

Members of Petros board must be very experienced – Abang Jo

Abang Johari Tun Openg

KUCHING: Sarawak Chief Minister Datuk Amar Abang Johari Tun Openg said for a person to be appointed as a board member of the newly formed Petroleum Sarawak Berhad (Petros) he or she must be very experienced in the oil and gas industry.

He was responding to a question posed by a reporter who asked when he was going to appoint a Dayak representative in Petros board of directors.

“Actually there is already a Dayak representative in the board by the name of Mohd Medan Abdullah, who is a Muslim Kelabit,” he said here today.

The Chief Minister’ Office had recently announced the appointment of former state secretary Tan Sri Hamid Bugo, who once served with Malaysia LNG Sdn Bhd in Bintulu, as chairman of Petros. Hamid has also been chairman of oil and gas firm Sapura Resources Bhd since March last year.

The other Petros board members announced are Mohd Medan, Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng, whom Abang Johari had described as “experienced industry professionals with very strong and proven track records and had served in key positions in the oil and gas industry”.

Lately Abang Johari has received criticisms from the Dayak community (Iban and Bidayuh) for not appointing representatives from the two communities.

Following the widespread criticisms in the social media, Deputy Chief Minister Datuk Amar Douglas Uggah had said that the chief minister has tasked him to look for a qualified Dayak to be in the board.

The Chief Minister also reminded these individuals and groups not to play with religious issue in the appointment of the board members.

Petros will enable the Sarawak government to participate in upstream oil and gas development, particularly in the exploration and extraction of oil and gas within state waters.

The state government said the initiative would create jobs for locals and draw expertise from outside the state.

“Petros is now embarking on a headhunt for a CEO and other key management positions to enable it to be operational by the first quarter of next year,” he said, adding that Petros would not be a junior partner to Petronas, the national oil company. – Bernama

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1631

CM thanks Najib for Pan Borneo highway

Abang Johari says state grateful for development implemented by federal govt, pledges to work towards closer ties with Putrajaya

A colourful performance by thousands of people at the parade.

BINTULU: The state government thanked the federal government for its efforts to develop Sarawak since the formation of Malaysia 54 years ago and pledged to work towards closer ties with Putrajaya.

Addressing the state-level National Day celebration here yesterday, Chief Minister Datuk Amar Abang Johari Tun Openg thanked Prime Minister Datuk Seri Najib Tun Razak for approving the construction of the Pan Borneo Highway from Telok Melano in Sematan to Miri and from Limbang to Lawas.

“This is the biggest infrastructure development project undertaken by the federal government in Sarawak in 54 years, and we believe the highway will push Sarawak to greater heights,” he said, adding that Malaysia was not a deterrent for Sarawak to determine her own destiny.

“Now is the time for us to move forward and become a developed state if not better than others,” he said.

Under Abang Johari’s leadership, several initiatives have been implemented such as the setting up of Development Bank of Sarawak (DBOS) and Petros, a wholly owned state oil and gas company.

The chief minister said Bintulu is blessed for being the centre of the oil and gas industry in Sarawak while Samalaju a centre for SCORE.

“We also want Bintulu to be a hub for the gas industry in Sarawak as a methanol plant will be built in Tanjung Kidurong soon.”

Abang Johari also talked about Bakun HEP being taken over from the federal government by the state, the devolution of powers, and agricultural transformation.

“We have to come up with a new way to develop our agriculture so that it can become a profitable business venture for our farmers. I have approved an allocation of RM100 million as venture capital that shall be made available through a special purpose vehicle that the government will form soon,” he said.

On the devolution of powers, Abang Johari said the state would always discuss the matter with the federal government in a friendly and family-like atmosphere to resolve whatever issues and to come up with amicable solutions.

“We thank the prime minister for being always open and willing to discuss with us our request such as the state powers which have been eroded over the years, to be returned to Sarawak.

“We support a strong central government and we want a the state-federal relationship to be close and cordial,” he added.

A total of 80 contingents, comprising thousands of participants took part at the parade held at Bintulu Civic Centre yesterday, starting 8am.

Meanwhile, Land and Survey Dept was adjudged the champion in the parade category, followed by Bintulu Development Authority and Sarakup Induk Dayak Sarawak.

Deputy chief ministers Datuk Amar Douglas Uggah Embas, Tan Sri Datuk Amar Dr James Masing, Datuk Amar Awang Tengah Ali Hassan, State Secretary Tan Sri Datuk Amar Morshidi Abdul Ghani, Minister of Utilities Dato Sri Dr Stephen Rundi, other cabinet ministers and assistant ministers were also present at the event.

Taib cuts a cake to mark the state-level National Day celebration as (from left) Awang Tengah, Masing, Uggah, Dr Rundi, Abang Johari and others look on.

Source: http://www.cm.sarawak.gov.my/modules/web/pages.php?mod=news&sub=news_view&nid=1632

Assistant minister denies U-turn on Petros board members

Abdullah Saidol insists the decision to include a Dayak on the board of directors had been part of the plan from the beginning.

PETALING JAYA: A Sarawak assistant minister today denied that the decision to include a Dayak on the board of directors of state-owned oil and gas company Petroleum Sarawak Berhad (Petros) was due to online pressure.

Assistant Minister of Corporate Affairs Abdullah Saidol said the introduction of the new member had been planned before the board of directors was announced.

“But at that particular point of time, I think the chief minister was still waiting for a response from a few potential board members, particularly to represent the Dayak.

“It was never due to pressure from social media that the chief minister introduced a new member to the Petros board,” he was quoted as saying by the Borneo Post.

The racial make-up of Petros’ board of directors came under fire last week following Chief Minister Abang Johari Openg’s announcement of Hamid Bugo as chairman and Mohammad Medan Abdullah, Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng as other board members.

Parti Bansa Dayak Sarawak Baru (PBDSB) had pointed out that there were many highly-qualified Iban and Bidayuh holding various prominent positions in Sarawak Shell Berhad and Petronas.

“The exclusion of Iban or Bidayuh representatives from the Petros’ board of directors is one of many classic examples of lack of political manoeuvring by our Iban and Bidayuh leaders,” the party had said.

Deputy Chief Minister Douglas Uggah subsequently said he had been tasked by Abang Johari to identify a non-Muslim Bumiputera candidate for the board.

“I was told by the chief minister a few hours ago to do so. He now wants a non-Muslim Bumiputera member on the board of Petros,” Douglas was quoted as saying by the Borneo Post.

However, Abdullah said Douglas’ statement had been misconstrued, insisting that the decision was not due to the online backlash.

Abang Johari announced the formation of Petros on Aug 6.

He said then that its board members would comprise Sarawakian professionals within the industry.

He added that there would be no politicians on the board, and that only those with substantial experience in the oil and gas industry would be chosen to serve in it.

Sarawak agrees to non-Muslim Bumiputera for Petros board

Dayak party questions racial makeup of Petros board

Source: http://www.freemalaysiatoday.com/category/nation/2017/08/29/assistant-minister-denies-u-turn-on-petros-board-members/

Sarawak agrees to non-Muslim Bumiputera for Petros board

State government relents, says it is looking for the 'right candidate' from among Iban, Bidayuh community to be on the board of state-owned oil and gas company.

PETALING JAYA: The Sarawak government has relented to pressure from non-Muslim Bumiputeras by agreeing to appoint someone from their community to the board of Petroleum Sarawak Berhad (Petros).

Deputy Chief Minister Douglas Uggah told the media in Kuching last night that he had been tasked by Sarawak Chief Minister Abang Johari Tun Openg with identifying the right candidate.

However, he did not give any timeline for when such a person would be identified.

“I was told by the CM a few hours ago to do so. He now wants a non-Muslim Bumiputera member on the board of Petros,” Douglas was quoted as saying by the Borneo Post.

He agreed that there was a need to appoint at least one non-Muslim Bumiputera board member, especially after the issue went viral on social media with many Sarawakians disappointed that the large non-Muslim Bumiputera community had been sidelined from any leadership role in the state-owned oil and gas company.

However, Douglas said he believed that it would not be easy to find the right candidate from the non-Muslim Bumiputera community to be part of the Petros board, as many criteria needed to be fulfilled.

“There are a few names being recommended but we must first make sure that the person is really qualified. We nevertheless hope to find the suitable person soon,” he was quoted as saying by the Sarawak-based daily.

On Thursday, the Sarawak CM’s Office announced the appointment of Hamid Bugo as chairman of Petros.

It said the other board members appointed were Mohammad Medan Abdullah, Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng.

In response, on Friday, Parti Bansa Dayak Sarawak Baru (PBDSB) questioned the racial makeup of the board of directors in Petros, a wholly state-owned company.

The party said there were many highly-qualified Iban and Bidayuh holding various prominent positions in Sarawak Shell Berhad and Petronas.

“The exclusion of Iban or Bidayuh representatives on the Petros’ board of directors is one of many classic examples of lack of political manoeuvring by our Iban and Bidayuh leaders,” the party said.

“Foreign petroleum organisations have acknowledged the capabilities of the two communities in the industry.”

Abang Johari announced the formation of Petros on Aug 6.

He said then that its board members would comprise Sarawakian professionals within the industry.

He added that there would be no politicians on the board, and that only those with substantial experience in the oil and gas industry would be chosen to serve in it.

Petros is currently searching for a candidate for chief executive officer and other key management positions to enable it to be operational by the first quarter of 2018.

Dayak party questions racial makeup of Petros board

Hamid Bugo appointed chairman of Petros

Introducing Petros – Sarawak’s own oil & gas company

PKR welcomes set-up of Petros by Sarawak govt

Source: http://www.freemalaysiatoday.com/category/nation/2017/08/28/sarawak-agrees-to-non-muslim-bumiputera-for-petros-board/

Dayak party questions racial makeup of Petros board

Parti Bansa Dayak Sarawak Baru says it is disappointed that none of its members, who have vast experience in the oil and gas industry, sit on Petros’ board of directors.

PETALING JAYA: Parti Bansa Dayak Sarawak Baru (PBDSB) is questioning the racial makeup of the board of directors of the newly formed oil and gas company Petroleum Sarawak Berhad or Petros.

The party said there were many highly qualified Iban and Bidayuh holding various prominent positions in Sarawak Shell Berhad, and Petronas, reported the Borneo Post Online.

“The exclusion of Iban or Bidayuh representatives on the Petros’ board of directors is one of many classic examples of lack of political manoeuvring by our Iban and Bidayuh leaders,” it said in the statement yesterday.

“Foreign petroleum organisations have acknowledged the capabilities of the two communities in the industry.”

PBDSB said it was greatly disappointed that none of its prominent members, who have vast experience in the oil and gas industry, sit on Petros’ board of directors.

Yesterday, the Sarawak Chief Minister’s Office announced the appointment of Hamid Bugo as chairman of Petros.

It said the other board members appointed were Mohammad Medan Abdullah, Sharbini Suhaili, Zuraimi Sabki and Heng Hock Cheng.

Hamid is a former state secretary who served with Malaysia LNG Sdn Bhd in Bintulu.

Chief Minister Abang Johari Openg announced the formation of Petros, a wholly state-owned company, on Aug 6.

He said then that its board members would comprise Sarawakian professionals within the industry.

He added that there would be no politicians on the board, and that only those with substantial experience in the oil and gas industry would be chosen to serve in it.

Petros is currently searching for a candidate for chief executive officer and other key management positions to enable it to be operational by the first quarter of 2018.

The Chief Minister’s Office said the primary objective of setting up Petros was to enable Sarawak to participate in upstream oil and gas development, particularly in the exploration and extraction of oil and gas within Sarawak’s waters.

The initiative is also in line with Sarawak’s goal to create better job opportunities for local talents and attract Sarawak talents that are currently serving outside the state.

Source: http://www.freemalaysiatoday.com/category/nation/2017/08/26/dayak-party-questions-racial-makeup-of-petros-board/

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