Posted by stockraider > 2018-08-01 17:43 | Report Abuse

1st all....this fellow still...pump subsidize Ron 95 under courteousy of PH govt mah....!!

Some more everyday bark non stop loh....!!

Yes PH can give 20% royalty based on revenue...but then ...who going subsidize your petrol etc loh....!!

Selangor & Wilayah are the state the most tax to the federal govt mah...this is revenue is still share with all the poorer state mah...!!

So if PH govt propose royalty based on 20% profit instead of revenue and if still higher than the 5% royalty based on revenue take it loh...!!
Still better off compare with BN loh....!!
So the oil state odd to compromise too mah...!!

If PH give out here give there without looking at affordability ...surely....the country finance will suffer & rakyat will suffer too loh...!!
Don forget PH govt has already given out nett rm 25 billion gst waiver loh....!!

Posted by stockraider > 2018-08-01 17:46 | Report Abuse

Ur master UMNO also lied alot mah....!!

I say PH did not lie, it just over promise mah....!!

Posted by stockraider > 2018-08-01 17:48 | Report Abuse

I say PH did not lie, it just over promise mah....!!

Posted by stockraider > 2018-08-01 17:53 | Report Abuse

Just imagine the financial commitment of PH ,if all manifesto implemented loh....!!

1. GST abolish Rm 25 billion
2. Subsidize petrol Rm 9 billion
3. Abolish toll Rm 20 billion
4. Min pay Rm 1500...........Rm 6 billion

Msia country debt Rm 1 trillion...need to service debt commitment.
Due to BN govt mis use loh....!!

So must priotitise limited resources mah ......!!

Posted by chinaman > 2018-08-01 17:54 | Report Abuse

all Malaysian are dumb, easily cheated. ok with dumb explanation...wakaka

Posted by stockraider > 2018-08-01 17:54 | Report Abuse

1st all....this fellow still...pump subsidize Ron 95 under courteousy of PH govt mah....!!

Some more everyday bark non stop loh....!!

Yes PH can give 20% royalty based on revenue...but then ...who going subsidize your petrol etc loh....!!

Selangor & Wilayah are the state the most tax to the federal govt mah...this is revenue is still share with all the poorer state mah...!!

So if PH govt propose royalty based on 20% profit instead of revenue and if still higher than the 5% royalty based on revenue take it loh...!!
Still better off compare with BN loh....!!
So the oil state odd to compromise too mah...!!

If PH give out here give there without looking at affordability ...surely....the country finance will suffer & rakyat will suffer too loh...!!
Don forget PH govt has already given out nett rm 25 billion gst waiver loh....!!

Posted by Stock Raider > Aug 1, 2018 05:49 PM | Report Abuse

Mahathir and Azmin lied to all oil producing states! There's major difference between oil royalty and profit sharing! If Petronas fail to turn profit, then all oil producing states will get nothing! Zero! Based on real royalty principle, the oil producing states will get 20% royalty on every barrel of crude oil they produce!

Posted by TrippleZ > 2018-08-01 17:56 | Report Abuse

Instead of leading Malaysia to greater height, now PH gov become Santa Claus.

Posted by stockraider > 2018-08-01 17:59 | Report Abuse

The DNA of msian is freebies mah....!!

So both PH & BN over promise loh.....!!

If santa no money to buy present...then give lesser value present mah..!!

This is practical mah...!!

What there to argue leh ??

Posted by TrippleZ > Aug 1, 2018 05:56 PM | Report Abuse

Instead of leading Malaysia to greater height, now PH gov become Santa Claus.

Posted by Rajapetra > 2018-08-01 18:00 | Report Abuse

They take 100% of the oil revenue from Terengganu, Kelantan, Sabah and Sarawak and give back just 5%. Then they give this money to places such as Selangor and Kuala Lumpur. People in Selangor and Kuala Lumpur want no GST, no toll charges, low petrol prices, free health and education, and much more. But all this will be paid for from the petroleum revenue from Terengganu, Kelantan, Sabah and Sarawak.

Posted by Rajapetra > 2018-08-01 18:00 | Report Abuse

About 20% of Malaysia’s 32 million population live in Selangor and Kuala Lumpur. There are about 14 million cars on Malaysian roads. More than 50% of the cars are in Selangor and Kuala Lumpur. Most of the toll highways are also in Selangor and Kuala Lumpur.

Posted by Rajapetra > 2018-08-01 18:00 | Report Abuse

Hence, if they remove toll charges, then 20% of Malaysians who own more than 50% of the cars will benefit. And if they pay compensation to the highway concessionaires (as they will have to according to the concession agreement if they remove the toll charges) then 80% of Malaysians who own less than 50% of the cars will be paying for 20% of Malaysians who own more than 50% of the cars to have free highway use.

Posted by Rajapetra > 2018-08-01 18:01 | Report Abuse

The fact is, once you remove toll charges and pay compensation to the highway concessionaires, it will be the taxpayers who will be paying. Billions will be spent in compensation so that 20% of Malaysians who own more than 50% of the cars can benefit. That money could instead be used to develop states such as Terengganu, Kelantan, Sabah and Sarawak that are supplying Malaysia’s petroleum.

Posted by Rajapetra > 2018-08-01 18:01 | Report Abuse

So, Malaysians from Terengganu, Kelantan, Sabah and Sarawak are being denied their rights (according to the Federation Agreement that says natural resources belong to the states and not to the federal government) so that Malaysians in Selangor and Kuala Lumpur (plus those in Penang, Kedah, Perak, Johor, etc.) can enjoy a free life. And that is why the government can only pay Terengganu, Kelantan, Sabah and Sarawak 5% Oil Royalty and not 20% Oil Royalty. They need the money to allow 20% of Malaysians to live a free life at the expense of 80% of Malaysians.

Posted by stockraider > 2018-08-01 18:01 | Report Abuse

Simple then stick to 5% royalty based on revenue or whichever higher loh...!!

I m sure PH will agree on that mah....!!

Posted by Stock Raider > Aug 1, 2018 05:59 PM | Report Abuse

Mahathir and Azmin lied to all oil producing states! There's major difference between oil royalty and profit sharing! If Petronas fail to turn profit, then all oil producing states will get nothing! Zero! Based on real royalty principle, the oil producing states will get 20% royalty on every barrel of crude oil they produce!

Posted by stockraider > 2018-08-01 18:06 | Report Abuse

1st of all Petroleum Act mentioned 10%....5% for federal govt & 5% for state mah....!!

So u want 20%....something...kena potong...loh...!!
Maybe Govt have to raise income tax to 40% loh to finance the extra 20% royalty loh....then everybody suffer mah.....!!

Must be practical & rational loh....!!


Posted by Rajapetra > Aug 1, 2018 06:01 PM | Report Abuse

So, Malaysians from Terengganu, Kelantan, Sabah and Sarawak are being denied their rights (according to the Federation Agreement that says natural resources belong to the states and not to the federal government) so that Malaysians in Selangor and Kuala Lumpur (plus those in Penang, Kedah, Perak, Johor, etc.) can enjoy a free life. And that is why the government can only pay Terengganu, Kelantan, Sabah and Sarawak 5% Oil Royalty and not 20% Oil Royalty. They need the money to allow 20% of Malaysians to live a free life at the expense of 80% of Malaysians.

Posted by TrippleZ > 2018-08-01 18:07 | Report Abuse

stockraider, that's not my point. Now Malaysia is like a rich family with their heirs fighting each other for own benefit. It always end up pretty bad for the family.

Posted by stockraider > 2018-08-01 18:12 | Report Abuse

Correct loh...as i say Selangor & wilayah people...paying more income tax....people from oil producing state also benefit from the income tax collected from the rich state ....which is share with them too mah..!!

So how come...the oil state, cannot share some of their resources with non oil producing state leh ??

Posted by TrippleZ > Aug 1, 2018 06:07 PM | Report Abuse

stockraider, that's not my point. Now Malaysia is like a rich family with their heirs fighting each other for own benefit. It always end up pretty bad for the family.

Posted by TrippleZ > 2018-08-01 18:18 | Report Abuse

stockraider, people are greedy that's why. Now the one (BN) that rule them already died, successors taking every opportunity to grab whatever treasures left.

Posted by stockraider > 2018-08-01 18:20 | Report Abuse

Ask BN loh....they govern 60 yrs and pakatan only 3 mths mah...!!

Posted by Stock Raider > Aug 1, 2018 06:17 PM | Report Abuse

How come oil producing states are so poor! While non oil states are so rich!

Posted by stockraider > 2018-08-01 18:25 | Report Abuse

Thats why raider says PH should not given so much loh...!!

Give in royalty based on...20% of profit if higher than 5% based on revenue. If not higher then the state continue to take 5% based on revenue loh....!!

Furthermore all those oil producing state are BN state except sabah loh.....!!

Thus better do not concede so much & state to the Petroleum act agreement loh....!!