While Malaysians are being distracted by the Anwar trial and by those trying to divide us on the basis of ethnicity and religion, big contracts are being dished out, including the last portion of the double-tracking project. Continue reading »
Thought-provoking interview over BFM Radio with Kua Kia Soong, author of the book Questioning Arms Spending and former MP of Petaling Jaya.
He questions the need for large amounts of defence spending in the region and the way defence contracts are awarded out.
In fact, Jane’s ‘Intelligence and Insight’ on the Malaysian defence budget reports: “It could be argued that Malaysia is involved in somewhat of a regional arms race that has its basis more firmly in nationalist sentiment than genuine military threat. This mini-arms race may have distorted the purchasing plans of the Malaysian military.”
Apr 292010
Reports say that Petronas has terminated production sharing contracts in two blocks as the areas are “no longer a part of Malaysia”.
See a Reuters report here and an Edge report here.
Murphy Oil was informed by Petronas that the two blocks are no longer a part of the country following an agreement between Malaysia and Brunei, according to the Oil and Gas Journal.
