Norway, where they have oil in the North Sea, the country’s oil fund known as Norway Pension Fund stands at US$656 billion or RM2 trillion. And the country has a population of only five million people.
UAE-Abu Dhabi Investment Authority’s oil-revenue sovereign wealth fund is at US$627 billion or RM1.9 trillion. Almost all oil producing countries have established their own oil funds for their peoples’ future but not Malaysia. This is a serious indictment of the present regime. Instead, after 55 years, the corrupt BN government has given us a RM502 billion federal debt that is fast growing. The Petroleum Act 1974 must also be amended to remove the prime minister’s absolute powers over Petronas and its finances.
Now, no one has the right to question the prime minister’s decision. Only the prime minister, not even his deputy, is privy to Petronas’ accounts.
Zorro
Here in Malaysia, Prime Minister Najib and ex-PM Mahathir Kutty take our EPF, Zakat, Tabung Haji, Taxes, Petronas, Japanese Occupational Fund, Unclaim Funds in Bank Negara, Money Borrowed from Brunei and Saudi for their personal usage.
If all Malaysians were to be untied in our curse on these two and their families, I believe with the continuous of rain daily God will finally grant our wish.
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