Thursday, June 25, 2009

Malaysia - 2 Mericans in the limelight

Tan Sri Ismail Merican - Director General of Health, Malaysia

In Malaysia, Two Mericans are grabbing the headlines.

The two Mericans are not aMerican, but Malaysians.

The first Merican is Tan Sri Ismail Merican, the Director General of Health.

He is on the news daily since the outbreak of the dreaded Influenza A H1N1 virus or swine flu.

As of today 25th June 2009, 91 cases of H1N1 have been detected in Malaysia.

Now, the second Merican on the headlines is Petronas Acting Chairman, President and Chief Executive Officer, Tan Sri Hassan Merican.

Tan Sri Hassan Marican - Acting Chairman, President & CEO of Petronas

Today on the 25th June 2009, Petronas, the national Oil and Gas corporation, announced a whopping RM 264.2 Billion (USD 77 Billion) in revenue for the financial year ended 31 March 2009.

That is the biggest amount for any corporation in Malaysia.

That amount is an increase of 18.4% compared to 223.1 Billion Ringgit revenue in 2008.

However, Petronas profit before taxation decreases to 89.1 Billion Ringgit (USD 26 Billion) as compared to 95.5 Billion Ringgit in 2008.

Petronas recorded a 76.3 Billion Ringgit profit before tax in 2007.

Nevermind, the combined profit before tax of Petronas in 2007, 2008 and 2009 is still a gigantic and monstrous RM 260.9 Billion...!!!

And the combined revenue of Petronas over that 3 year period is a collosal RM 671.4 Billion...!!!

Petronas profit after tax for 2009 is RM 52.5 Billion (USD 15.3 Billion)....!!!

In 2008, Petronas profit after tax was RM 61 billion and in 2007 - it was RM46.4 Billion.

Still, the combined profit after tax for the 3 year period is RM 159.9 Billion.

You live for 77 generations and that amount of money will not finish.

Consider putting the RM 159.9 Billion in net profit into a fixed deposit account, and by enjoying an interest rate of 1 % per month, you will be getting millions of ringgit in interest alone!!!!!!!

My Gosh - that means Petronas paid a mammoth amount of RM 101 Billion for tax alone for that 3 years - 2007, 2008 and 2009...!!!

I wonder how much is Tan Sri Hassan Merican is getting in perks, salary, etc per month as acting Chairman, President and CEO of Petronas??

I don't know the answer but i bet Tan Sri Hassan Merican is making much much much more than the other Merican - Tan Sri Ismail Merican..!!! Am i right??

Congrats Petronas...!!!


Chironex said...

Details on salaries of the BODs should be in their annual report.

I wonder how many months' bonuses will the staff get?

Malaysian Hollywood 2.0 said...

easily 10 months!!!!!!!!!!!

ben said...

I talked to a friend working in Petronas today: he said no way, it will only be 3 mths at most.

Malaysian Hollywood 2.0 said...

3 months only???? mana boleeee..... lukiiii oooo

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