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May 21, 2018 · 1 min read

Hassan Marican returns to guide Petronas via Mahathir’s council

Tom KirkmanIndependent Project Manager

Hassan Marican is back in action in Malaysia, on the “new” Prime Minister’s “Council of Eminent Persons.”

Waiting to see what changes are in store for Petronas.

With the current bull market for Oil, now is a great time for Mr. Marican to return and guide Petronas again.
=============================

“Malaysia’s 92-year-old Prime Minister Mahathir Mohamad is moving quickly to meet his 100-day campaign pledges that helped sweep him into office.

To help him do that, he appointed a team of five advisers who are well-known in official and business circles in Malaysia, with most of them having worked with the prime minister during his more than two decades in office previously. This “council of eminent persons” has become the face of Mahathir’s economic program, meeting with investors and credit rating firms in the week after the surprise election outcome to help placate their concerns about policy direction in the Southeast Asian nation.

… Hassan Marican, 65, was chief executive officer of national oil company Petroliam Nasional Bhd. from 1995 until his retirement in 2010. Under his leadership, Petronas grew from a small oil company to being the only Malaysian firm on the Fortune 500 list with ventures overseas to compete with global oil majors.”

theedgemarkets.com ↗

Read the linked article on theedgemarkets.com ↗

FROM THE THREAD

Tom's notes 4

  1. Tom Kirkman

    That's not really up to me. I'm a Permanent Resident of Malaysia, and a citizen of the U.S.
    I cannot vote here in Malaysia. It is up to the Malaysia citizens to decide how to proceed, through their elected officials.

    Dr. Mahathir - as the new Prime Minister - had made it clear that the Rule of Law is being established once again in Malaysia, and so far, I see progress being made toward that end.

    Also on the plus side, this was a peaceful transition of power. No riots, no protests, no military intervention. Signs of a mature democracy, and absolutely delightful to see a peaceful transition of power after 60 years.

    There has been a flurry of action taken by the new Prime Minister since the election. Give me a few minutes and I'll post a link to a summary of the changes maded in the first week.

  2. Tom Kirkman

    Kevin Halliley here you go:
    ===============================

    Pakatan’s one week in govt: What went down

    KUALA LUMPUR, May 21 — Cancelled flight. Travel ban. Resignations. New advisers. Police raids. Zero GST. And more.

    That is just a brief rundown of what has taken place since Pakatan Harapan (PH) replaced Barisan Nasional (BN) as the federal government.

    Yes, all that in just one week, although it feels like a month’s or one year's full of action.

    To help you keep track with the frantic pace of changes, here’s Malay Mail’s summary of the one week since PH took over Putrajaya:
    ...

    < *see article for long list of changes* >

    https://www.malaymail.com/s/1633053/pakatans-one-week-in-govt-what-went-down

  3. Tom Kirkman

    Kevin Halliley and here is more:

    https://uk.reuters.com/article/malaysia-politics-policies/factbox-malaysias-new-government-promises-reforms-idUKL3N1SM2VZ

  4. Tom Kirkman

    Thanks for your kind words, Ganesan. Dr. M is on the right track in my opinion, and I really *do* want Malaysia to succeed.

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