KINIBIZ Is one of the founding objectives
of national oil company Petronas to aid the bumiputera community and
improve its participation in business?
To get the answer to
the question, Tiger scrutinised the Petroleum Development Act 1974 (PDA)
closely but the legislation under which Petronas was formed reveals no
such thing; no, nothing at all.
It reminds Tiger of that
other piece of agreement, the elusive social contract under which this
nation was formed which no one has seen but presumably exists somewhere,
perhaps in the minds of those who imagined it. But that's a topic for
another time.
So where did our former prime minister and current Petronas adviser Dr Mahathir Mohamad get the idea that
Petronas is "caught" between championing its founding objective of
uplifting the bumiputera business community and opening up its business
for foreign participation in line with its business globalisation plan?
Go to KiniBiz for the complete article.
This article was written by P Gunasegaram.
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