Petrol Malaysia

In June 2009, German newspaper, The Spiegel reported that Ecuador, which derives one third of its national revenue from oil, was prepared to forgo the income from mining the oil if developed nations could come up with a plan to compensate Ecuador for "some of its lost income". In order to mine the oil, mining companies in Ecuador would potentially destroy the rainforest that is home to an amazing range of bio-diversity. Known as the National Yasuni Park, it is a UNESCO biosphere Reserve. (Ref: The Spiegel Online, 23rd June 2009. Oil Or Trees? Germany Takes Lead in Saving Ecuador's Rainforest ) The report by The Spiegel stated that Germany had yet to confirm statements of a $50 million pledge to help sustain the Ecuadoran rainforest. It also noted that the Kyoto Protocols would expire in 2012 and that the Copenhagen Climate summit in December is expected to producea new United Nations mechanism for managing/countering climate change. In October 2009, Wall Street Journa...

According to Bernama, our Deputy Prime Minister, Muhyidding Yassin was reported to have said in a speech last night that almost 70 per cent of petrol stations in Malaysia are being successfully operated by Bumiputeras due to the initiative and efforts taken by the government.". (Ref: Bernama, 6th November 2009. 70 Per Cent Of Petrol Stations Operated By Bumiputera, Says Muhyiddin ) As a departure from my usual style, the complete news report is reproduced below. 70 Per Cent Of Petrol Stations Operated By Bumiputera, Says Muhyiddin KUALA LUMPUR, Nov 6 (Bernama) -- Deputy Prime Minister Tan Sri Muhyiddin Yassin said almost 70 per cent of petrol stations in Malaysia are being successfully operated by Bumiputeras due to the initiative and efforts taken by the government. The government has been carrying out a more streamlined license distribution system in line with the Petroleum Development Act, he said. He said the government has been aware of the many challenges faced by th...