Thursday, July 2, 2009
The latest news is that Petronas Chairman and CEO Hassan will be replaced by the CEO of FELDA. This is due to the fact that he does not see eye to eye with PM Najib on the rejection of Omar Ong to become a director of Petronas. As Petronas is directly under the PM dept, Najib can decide who should be Chairman and CEO of Petronas. It is rumour that Hassan contract with Petronas which expire in February 2010 will not be renewed and this pave the way for Syed Hamid to become Chairman and the Felda CEO to be CEO of Petronas. Hassan joined Petronas in the eighties as Vice President Finance on the insistence of Tan Sri Basir who was Chairman of Petronas and Bank Bumiputra. From there,he rose to his current position and he collaborated well with late Tan Sri Azizan and together they bulit up Petronas to become a Fortune 500 company. The only thing PAK LAH, THE WORST PM of Malaysia DID CORRECTLY during his time as PM was to leave Petronas alone and with the fantastic result Petronas is producing,it would be advisable for Najib to do the same thing. Given the politics in Malaysia, it would not be a surprise if Najib give Hassan a RED CARD before February 2010.
Monday, June 29, 2009
Yesterday,I went to Bukit Bintang to celebrate the birthday of my sister Choo Sooi Har. It has been a few months since my last visit there. At 7 in the evening, I went to LOT 10, to my surprise,they were very few shoppers out there especially during this supposedly peak hours. Next ,I visited Starhill, as usual there is very few shoppers which is of no surprise as this dept store sell very expensive items. From there, I went to Pavilion,the crowd was moderate but my observation at 7.30 p.m. shows that most people are window shopping. At Bintang Walk,3 or 4 food and beverages outlet have been closed for sometime. Even the restaurant which we celebrate my sis birthday party at Level 6 of the Pavilion is having a tough time because our party was the only customer of the food outlet on a Sunday Evening. After dinner at 10p.m. I walk to Bukit Bintang Plaza,the food outlet outside BB plaza was crowded and business there was good. So,there is the two side of Bukit Bintang that I found out and I can safely conclude that Lot 10, Starhill and Pavilion is having a tough time during this RECESSION which I confirmed to all the readers of this blog on my posting on 13th November 2008.