Categories

Human Resources >>>

Ex-Petronas CEO joined Singapore GLC

Set aside non-bumi, the talented Malays also leaving Malaysia for greener pasture.

Hassan Merican, the one who transformed Petronas into a second most profitable company in the world has joined Singapore Power Limited (SP) in June as its Chairman.

I remember a reputed and caliber former Tenaga CEO (forget his name) also resigned after friction with UMNO cronies and joined foreign MNC.

Why brain drain?

Because UMNO appoints donkeys to run GLCs besides imposing racial policies in the public sector.

The nkkhoo.com comment board with Facebook account.
Ronny says:

Petronas is in danger of going bust. It has squandered its tremendous reserves for a number of projects it had no business to be involved in. It owns Putrajaya, the administrative capital that is a drain on the public purse. It owns Proton, the F-1 motor racing circuit in Sepang, and a slew of companies and products that is far removed from its main product: petroleum. The US$1 billion sponsorship costs for the F-1 championship in Sepang and the Sauber Petronas F-1 racing team appears to matter more than the future of its 70 IT specialists. It owns the Petronas twin towers, forced on it by the government so the KLCC would show the world how developed a country Malaysia is. Its considerable funds are used to cover government shortfalls and other financial needs. The Petronas management will surely see red ink dominating its balance sheets after its unrestrained financial profligacy

nkkhoo says:

That old man is adviser for Petronas.

Everyone knows Malaysia economy and government budget is solely depended on funds from Petronas. When Petronas balance sheet in red means the government also in deep shit.

Justin Hew says:

Singapore has already taken countless top students from malaysia.
Now even malays are working in Singapore!

Samson says:

Kencana Petroleum better career option than Petronas.
Datuk Mokhzani Mahathir RM1.937 billion man even richer than his father Petronas adviser Dr M.
No wonder Hassan Merican out of petronas seeking greener pasture.

Top 20 Richest Malaysians 2012 (Wealth in RM as at Jan 20, 2012):

Robert Kuok Hock Nien 45,700.00 Kerry Group/KuokGroup

T Ananda Krishnan 42,998.00 Usaha Tegas

Tan Sri Teh Hong Piow 12,642.01 Public Bank

Tan Sri Lee Shin Cheng 11,356.55 IOI Group

Tan Sri Syed Mokhtar Albukhary9,530.00Albukhary Foundation

Tan Sri Quek Leng Chan 8,002.92 Hong Leong Malaysia

Tan Sri Lim Kok Thay 7,585.07 Genting Group

Puan Sri Lee Kim Hua 6,588.33 Genting Group

Tan Sri Tiong Hiew King 6,411.46 Rimbunan Hijau

Ong Beng Seng 4,919.56 Hotel Properties Ltd

Tan Sri Azman Hashim 3,470.00 Arab-Malaysian Corp

Tan Sri Vincent Tan Chee Yioun2,541.74 Berjaya Group

Datuk Mokhzani Mahathir 1,937.27 Kencana Petroleum

Datuk Lee Yeow Chor 1,787.85 IOI Group

Tan Sri Tony Fernandes 1,772.42 AirAsia

Lee Yeow Seng 1,746.00 IOI Group

Tan Sri Lau Cho Kun 1,721.64 Hap Seng Consolidated

Tan Sri Yeoh Tiong Lay1,711.84 YTL Group

Tan Sri Lee Oi Hian 1,589.97 Batu Kawan

Datuk Lee Hau Hian 1,586.18 Batu Kawan