The key to burying Sulu claim for good lies in Brunei, says SAPP's Yong
https://www.thestar.com.my/news/nation/2024/11/15/the-key-to-burying-sulu-claim-for-good-lies-in-brunei-says-sapp039s-yong

Malaysian leaders have the IQ of a chicken, thanks for reminding Sultan of Brunei we owe him Sabah.

All this overbeck agreements should be render invalid ever since the formation Malaysia. Sulu claims can be shot down by simple counter sue to them for the crime of invasion of Malaysia, go seek damages for USD 1 trillion dollars from Sulu. Ask them to pay up the damages first then we'll continue paying back the grant to them based on the Sulu-Overbeck rate.

Why PE 150++ still buy? This Tulip mania.

Moderna And Other Vaccine Maker Stocks Tumble After Trump Taps RFK Jr. As HHS Head
https://www.forbes.com/sites/antoniopequenoiv/2024/11/14/moderna-and-other-vaccine-maker-stocks-tumble-after-trump-taps-rfk-jr-as-hhs-head/

There will be no plandemic in the next 4 years.

If it doesn't goes down to 3.60 then there's still hope that it will go back to 4.50 4.80. if it drops to 3.60, my hope will be crush, but it will prolong my pain the same time. If shorties can do me a favour and sell down to 3.60, I will definitely sell all, clap my hand and walk away.

I will sell all if it drops to 3.60, I cannot handle the pain anymore. I hope someone will help end my suffering the soonest possible.

Nothing can stop Abang Joe once 2/3 majority is no more. Then GG, sayonara!! Good bye Malaysia.

Abang Joe very smart, he is well aware that the parliament 2/3 majority is the ultimate threat to his grand chess plan. The PH government must made aware of this. Currently they are oblivion about this, busy splitting hairs about cutting subsidies, ignoring the backyard on fire.

Abang Joe is a very dangerous man, ought to be label as enemy of the state.

There is no need for wars and ICC court.

The parliament 2/3 majority is enough to crush all Sarawak claims and subsequent actions. I hope Anwar is not that low IQ to allocate more seats for Sabah and Sarawak. BN must take action stop it from happening if PH government has been duped into doing so.

If older British Law still applies, this means the British still owns Malaysia and Singapore, Melaka, Pulau Pinang and Singapore will need to be return to British. 🤣

This is like Hongkongers want to remain using British colonial law after Hongkong has been returned to China. It is a joke really!!!

Same thing with Sulu claims, all British law should be thrown out the court, ever since the formation of Malaysia, Malaysia is a sovereign nation, any dispute of claims will be met with war only.

Abang jahari claims in regards to ordinance 1958
https://youtu.be/Xo1BhY3oOBA?si=o1jeX8QamJ7GSONM

Malaysian gov is bodoh!! Once Sarawak joined Malaysia, Malaysian law will be applied lah. Why still refer to British colonial era law? I believe it will be render useless it court, further more Petronas law in 1974 should superceed the older law because it is the latest law passed across the land and sea of Malaysia.

A court battle will be easily won by Petronas.

Maritime lawyer Liu Defa (transliteration of the name) believes that this is precisely the problem with Sarawak’s legal status.

“Sarawak claims that the 1954 Order in Council extended its boundaries to include the continental shelf, which it said was 200 nautical miles from the edge of its territorial waters.

The Order in Council itself did not specify the length of 200 nautical miles because the concept of the continental shelf had not yet been resolved when the Order was issued.

Liu Defa said the term was only properly defined in the 1982 United Nations Convention on the Law of the Sea (UNCLOS), an international treaty that established a comprehensive legal framework for all ocean and maritime activities.

Malaysia signed the United Nations Convention on the Law of the Sea in 1982 and ratified it four years later.

Liu Defa said that after the 1969 state of emergency was lifted in December 2011, Parliament passed the Territorial Sea Act 2012, and the United Nations Convention on the Law of the Sea officially became part of Malaysian law.

He said Sarawak’s claim that the Territorial Sea Ordinance 2012 was passed to correct a boundary error or that the Ordinance was unconstitutional as it was inconsistent with Article 2(2) of the Federal Constitution was baseless.

“Any legislation passed by Parliament into law must be considered valid and enforceable unless struck down by the courts.

“The party claiming that the law is unconstitutional, in this case Sarawak, can challenge it in the Federal Court.”

He pointed out that the 200-nautical-mile limit stipulated by the United Nations Convention on the Law of the Sea was in the interest of Malaysia as Malaysia is a signatory to the international treaty.

“The continental shelf rights along all coasts of Malaysia, including Sarawak, belong to the entire country.

“On this basis, the Petroleum Development Act and the Territorial Sea Act 2012 do not infringe upon Sarawak’s boundaries as claimed and are good laws.

There are many issues involving historical boundaries, state rights and federal powers, and any dispute between Petronas and Sarawak may not be resolved unless the court makes a final ruling.

Source Nanyang: It was not Sarawak oil to begin with!!!

Battle for oil and gas off the coast of East Malaysia

November 14, 2024

PETALING JAYA: The battle between Petroliam Nasional Bhd (Petronas) and Sarawak over who owns the oil and gas resources on the continental shelf off the coast of East Malaysia has been brewing for some time.

Section 2 of the Petroleum Development Act 1974 states that Petronas owns all ownership and exclusive rights to crude oil and natural gas, whether onshore or offshore.

Sarawak claims that it owns the resources under the Petroleum Mining Ordinance 1958. The Sarawak government also points out that the Petroleum Mining Ordinance 1958 continues to have legal force and "coexists" with the Petroleum Development Act 1974.

Sarawak pointed out that the specified continental shelf has been within its boundaries since 1954; these boundaries remained unchanged when Sarawak joined Malaysia nine years later.

The dispute is significant because it challenges Petronas' rights to explore in resource-rich areas of the South China Sea, including around the Luconia Shoal.

It is estimated that the region contains 60% of Malaysia's oil and gas resources and is also the main producer of Malaysia's liquefied natural gas (LNG), sufficient to meet 90% of Petronas' LNG exports.

Sarawak is no longer content with receiving only the 5% oil tax stipulated in the agreement and has recently demanded a larger share of oil and gas revenues.

To support its claim, Sarawak says it has sole legal rights to all resources off its coast.

Former Finance Minister Tengku Razaleigh Hamidi said it was not their oil.

He insisted that Sarawak did not have priority claim over the resources compared to Petronas, according to Free Malaysia Today.

“It is not their oil and it was not even discussed at the time (when the 1963 Malaysia Agreement was drawn up).”

Razaleigh, who is also the first chairman of Petronas, said Sarawak should continue to fulfil its responsibilities under the petroleum excise agreement.

"You can't go back and forth, you know, a deal is a deal."

Does Sarawak have a legitimate claim? Free Malaysia Today examines the legal arguments put forward by Sarawak.

Sarawak's Maritime Boundaries

Sarawak was a British colony until 1963, when it gained independence by becoming part of the Federation of Malaysia.

Sarawak claims that nine years ago during the colonial period, Queen Elizabeth II of the United Kingdom issued the Sarawak (Territorial Correction) Order in Council in 1954 in Parliament.

The Order in Council expanded the territorial waters of the colonies to include the continental shelf, including the seabed and subsoil beneath the high seas adjacent to the territorial waters of the colonies.

Sarawak Parliament Speaker Asfia said this meant that Sarawak's borders already included the continental shelf along its coast when it became part of Malaysia.

“If the federal government’s argument is that Sarawak’s continental shelf has been constitutionally acquired under the Petroleum Development Act, the federal government must compensate the Sarawak government at the market price even if it violates Article 2 of the Federal Constitution,” Asfia was quoted as saying by DayakDaily in October 2019.

Sarawak cites Article 4(3) of Part II of the Federal Constitution as the basis for its claim that the continental shelf was part of its territory when it joined Malaysia on September 16, 1963.

Sarawak also pointed out that Article 2(b) of the Federal Constitution stipulates that any law changing the state boundaries must have the consent of the state assembly and the Conference of Rulers.

Sarawak claims that since these two conditions are not met, any change to its boundaries is unconstitutional and invalid.

This brings up the question of what is a “continental shelf”.

https://www.nst.com.my/business/corporate/2024/11/1134253/petronas-has-pumped-rm75b-new-investments-pengerang-2020-onn

Petronas pump in huge investment on pengerang, only operational by 2028. As for Petronas Petros dispute, hopefully Azalina will come to the rescue. She fixed Petronas Sulu dispute, surely can fix this.

Negotiation extended again after Petronas threaten tsunami of lawsuits, winner takes all.
https://www.nst.com.my/news/nation/2024/11/1133809/petros-petronas-discussions-have-reached-injury-time-says-sarawak

I will cut some losses at 3.65 please help end my suffering.

https://www.nst.com.my/news/nation/2024/11/1133203/heirs-now-free-lease-sabah-china-philippines-says-lawyer

Malaysia government should be in the offensive in order to counter Sulu heir for the committing the Sabah invasion of lahad datu, seek damages for USD 1 trillion.

Malaysia should seek UN to label the Sulu heirs as terrorists organizations. Sulu terrorists invasion of Sabah should automatically remove Sulu rights on the lease agreement.

Malaysia should also seek international sanction on Philippines over their acts to provide safe haven to Sulu terrorists and also the scamming cartels and illegal online gaming operating in Philippines.

So what happen tomorrow, can sell down to 3.50? I will cut more losses.

https://www.freemalaysiatoday.com/category/nation/2024/11/12/rafizi-rules-out-vehicle-ownership-cash-transfers-for-ron95-subsidy/

PH government still busy splitting hairs over subsidies while oblivion about the backyard already catches fire.

Subsidies gains is peanut while losing tens of billions in future budget. Man, these PH stooges need to go back to school and learn to do maths again.

Anwar need to intervene and stop the take over let the matter settle in court. If Anwar simply let god decide, then PH will lose badly in the next election, they are simply incompetent. Malaysia is on a slippery slope going down hill ever since PH tried to take over Putrajaya. The public thought good times will come but greeted with chaos and calamity one after another. What happened to Malaysia for the past decade is simply not worth it.

Maybe court battle is the only way, Petronas must opt for this route as it will delay the take over as long as possible in the order to minimise the impact.

https://www.dagangnews.com/article/terkini/petronas-petros-negotiation-may-have-broken-down-putrajaya-intervene-44505

Omg, this is going to be very ugly and affect everyone if Petronas loses.

I have cut loss finally, I will cut more if it drops further to 3.50. Sakit hati 😑

It is creeping down to my cut loss price of 3.80. I will cut loss as I promised if it really hit 3.80. Sakit hati 😥

Why PN suddenly make defensive public statements? Must be under fire from MACC investigation, desperately need to counter attack. MACC must be knocking on PN door everyday, raiding and dragging people to questioning.

To be honest, Anwar is appear to be really weak compares to Dr M on this matter. Abang Joe literally walk all over Anwar. Will he continue to be the weak man of Malaysia or will he respond?

If this happens in Texas, the US government might send in the US military to prevent unlawful seizing of assets.

In our case, Putrajaya is unlikely to act, this leaves Petronas on its own on this fight. What will they do now?

The impact should reflect on Petronas related companies like petgas petdag and pchem etc in the final quarter of 2024.

Abang Johari intentionally plays down Sarawak Gas revenue and profits to calm the critics and public
https://www.freemalaysiatoday.com/category/nation/2024/11/10/abang-jo-ready-to-defend-sarawaks-gas-rights-in-court/

In my opinion, given the magnitude of the impact on Petronas, the company should not go down without a fight.

Petronas is in serious trouble taking RM 100 billions revenue and RM 30 billions profit cut.

Petronas, Malaysia's national oil company, generates a significant portion of its revenue from Sarawak, including the state's liquified natural gas (LNG) exports:

LNG exports
Sarawak accounts for almost 90% of Malaysia's LNG exports, and Petronas has the sole right to buy and sell the resource. In 2023, 403 LNG cargoes were delivered from the Petronas LNG Complex in Bintulu, Sarawak.

Gas segment
In 2023, Petronas' gas segment contributed about RM101 billion in revenue and RM30 billion in total profits.

Revenue from oil and gas
Sarawak shares revenue from its oil and gas resources with Petronas and the federal government. The revenue is split equally between Petronas Carigali Sdn Bhd (PCSB) and state-owned Petroleum Sarawak Berhad (Petros).

Only 4.5 sens dividend 🤣 and it will free fall after ex date, not worth it.

Taurx worth 15 billion USD by itself? Have to wait till taurx medicine gone to market then it's value will quadruple? I think it's a good bet to wait. Only 1.5 months till 2025. The news will come soon enough. Get ready to double/triple/quadruple up?

Some unknown VIP won SGD 50+ million from Genting SG?

Petronas should stop sponsoring F1, UK US Australia and Germany tried to support Sulu to seize Petronas assets.

No, I will only cut loss when 3.80, any big short please help end my suffering.

I am throwing my Genting shares, my cut loss is 3.80. please help end my misery.

Your friend cut loss already, but I'm still hanging on. I will cut loss at 3.90, very depressing now. Anyone big short can help end my suffering?

@Riaz I believe France is still have some good in them and can be counted on still.

Malaysia government could save billions by restricting Petronas sponsor program. But they choose to cut subsidies instead. Malaysia and Petronas like to sark white people kok, while let countrymen starve and live frugally so they have money to party with white people. What a joke!!!!

Ironically, Petronas is the biggest sponsor for UK F1 team, they paid Lewis Hamilton and team billions over the years. They turn around tried to steal Petronas assets. UK is one big mfker!!! Petronas should pull the sponsor program for F1 entirely.

Be careful of 5 eyes nations, they are not friend of Malaysia

You guessed it!! It is our former colonizers from UK US Australia and Germany
https://www.therium.com/our-people/

Fking 2 face UK led the pack against Malaysia!!!!

Malaysia won case against Sulu fake heir.
https://www.thestar.com.my/news/nation/2024/11/06/so-called-sulu-heirs-fail-in-final-bid-to-challenge-french-ruling

Let me show you who are the backers of Sulu against Malaysia.

MAGA stock market skyrocket only 1 day show it seems, both Russia and China didn't congratulate Trump. I think they already sense that the Trump nightmare just only started.

I am hopeful that Trump and his team especially Elon and Kennedy will crush at least 2 things. Big pharma/Corrupt Healthcare /Force vaccination epidemic and mental illness/ epidemic/methamphetamine epidemic/LGBTQ epidemic

Those are the real epidemics that need to be addressed before they become a global pandemic.

US should change their foreign policy, aim to race their competition to the top instead of racing them to the bottom. Foreign economic distabilization and wars should not be the main agenda of US foreign policy, that will only lead to global conflict and will not end well for all of global citizens.

It is not an easy task, the world is big enough for US Russia China and all of us. Stop fighting and work together to solve problems may it be, overpopulation, renewable resources, nuclear non proliferation etc. All can be resolved wisely without conflict and wars.

Trump won but pchem no crash? Pchem drop for no reason lol?

Have to rule out US civil war as the next black swan event. Since RF Kennedy will be the new trump's health advisor, he will correct all US corrupting health care system especially the big pharma and vaccine injury/force vaccination problems.

There won't be any plandemic in the next 4 years. Have to rule out new plandemic as well.

What will be the next black swan event?

Trump won, no civil war, end of Ukraine war. Zzz, I can't hit my cut loss target 3.90.

90% trump winning

Trump win, RF Kennedy will be healthy advisor, he will punish bill gates and big pharma, there will not be any new plandemic in the next 4 years. Should be bad for gloves and pharma stocks if trump wins.