Yesterday morning at 10.30 am,I took a train to the KLCC convention centre to attend the forum on SUBSIDY CUT organised by PEMANDU which is headed by Idris Jala. The moderator Gunasegaran from The Star was kind enough to allow to speak for 2 minutes. I told the forum that we must look the the big picture and what causes the govt to have a BIG HOLE in its Budget and Finances. I told the forum of over 2000 people that THE GOVT of MALAYSIA IS BANKRUPT because of corruption. I also told them that the govt have no reasons to reduce the subsidy for petrol because MALAYSIA (NOT PETRONAS) oil production is higher than its consumption.
According to PETRONAS financial report,the production and cosumption of oil is as follows:-BARRELS PER DAY (BPD)