Ganesh Sahathevan

The Petronas-Santos deal values the Australian company's proven and probable reserves at $4.91 a gigajoule (GJ). Earlier this year, BG Group of the UK paid an average of $1.58 a GJ for a portion of Queensland Gas Ltd's upstream proven and probable reserves. "This is a new benchmark [price] for eastern Australian gas," said David Knox, the acting chief executive of Santos. After the transaction was announced, Santos shares surged 10 per cent, or $2.10, higher to $21.08.(http://business.smh.com.au/santos-sells-lng-stake-for-26b-20080529-2jj1.html) The question is : WHY? The answer is of course subject to the OSA, a breach of which can lead to being ISAed.

From The ChinaDirectory website: Beijing Austchina Scientific Technology Co., Ltd. Link ID 109419 Title Beijing Austchina Scientific Technology Co., Ltd. Url http://www.ltt.com.cn Description Software. Category Computer & Internet > Computer software Date Dec 3, 2005 (See link at http://www.chinadirectory.com/detail/109419/beijing-austchina-scientific-technology-co-ltd.html) As previously noted(http://sahathevan.blogspot.com/2008/03/is-lu-kewen-friend-beijing-austchina.html): Ltt.com.cn is the website of the LTT Textiles Co., Ltd. The company's address: 310 North Zhongshan Road , Hangzhou , China ,310003;matches that of the Zhejiang Metals and Minerals Exp&Imp Corp (http://www.zjmtd.com.cn/contact.htm) LTT Textiles phone number: 86 - 571 - 85775641 matches one that has been provided for the ZheJiang metals & minerals Imp. & Exp. Dept. (see http://worlddirectory.indiaetrade.com/Sellers/z/Z1.html . See also http://lacob2btrade.org/LAOSB/NewCompanyProfile.aspx?mfg...

On Huawei: In January 2003 Cisco Systems Inc. (CSCO ) launched a broad lawsuit that lent credence to a damning, years-old rumor: that Huawei had built parts of its business on technology stolen from the Silicon Valley networking giant. Since it was founded in 1988 by Ren Zhengfei, a former People's Liberation Army officer, many have assumed the company is secretly controlled by China's military. (http://www.businessweek.com/magazine/content/03_51/b3863078.htm) On Optus: See http://news.sbs.com.au/dateline/singtel_plays_the_spying_game_129887- but most important , the following exceprts: DES BALL, STRATEGIC & DEFENCE CENTRE, ANU: But those same mechanisms are also used to monitor everything that those Singaporeans citizens listen to, and SingTel plays a very central role in that. FRANCIS SEOW, FORMER SINGAPORE SOLICITOR-GENERAL: You will be providing SingTel and the Singapore Government not only a window of opportunity, but I think the Singapore Government will have a very...

A)In the beginning: Berjaya Sports Toto Berhad ("BToto") was incorporated in 1969 as Unilite Electrical Industries Berhad. On 17 May 1993, the Company was renamed Berjaya Sports Toto Berhad. The principal activity of the Group is the operation of Toto betting under Section 5 of the Pool Betting Act, 1967. Sports Toto was privatised in 1985 when its Chief Executive Officer, Tan Sri Dato' Seri Vincent Tan Chee Yioun, through his private company acquired 70% of the paid-up capital. (http://www.berjayagroup.com/toto.htm) B)Fast forward to 2008: Former deputy minister in the Prime Minister's Department Datuk Seri Tengku Adnan Tengku Mansor and tycoon Tan Sri Vincent Tan had direct influence in the appointment and promotion of judges.....The commission also doubted the evidence given by the two in the inquiry as they had made bare denials to penetrating questions posed by lawyers who appeared for interested parties. (NST , 16 May 2008) C)The legal basis for the revocat...

The following excerpts from stories published in Malaysia's main stream media, beginning with the 18 April 2008 story in Vincent Tan's THE SUN , show how ERL came to be recipient of airport taxes, or air passenger services charges: A) You pay – even if you don't use ERL Terence Fernandez and R. Nadeswaran PETALING JAYA (April 21, 2008): Passengers who fly off from Sepang have been paying an additional RM2 to RM6 in airport tax for the last six years – no thanks to a lopsided deal between the government and Express Rail Link Sdn Bhd (ERLSB) which operates the Express Rail Link (ERL). According to sources, under the terms of agreement for the RM2.8 billion ERL project, a portion of the airport taxes that departing passengers pay goes to the company – RM2 for domestic passengers and RM6 for international travellers from KLIA as well as the Low Cost Carrier Terminal (LCCT). It is learnt that the rationale behind the concession agreement signed in 1997 is to ensure a return on i...

In May 2007 the Sun Herald reported, in a story about Therese Rein and Kevin Rudd's business interest: .... she borrowed AUD 7800 against their Brisbane home and set up Therese Rein and Associates, trading as WorkDirections Australia. "Well, we've struggled with our mortgage and this has been a long journey," she says. "What my parents gave me was a good education and the belief that you can do anything. They didn't give me money. When we started the business, we had a mortgage and we borrowed against the equity in the house. That only stopped ... a few years ago now." (Source:Rein & shine,By Peter Wilmoth 27 May 2007,Sun Herald) However ,an ASIC search obtained at that time showed Rein's company was subject to a charge -fixed and floating -in favour of Westpac since 1990.That loan appears to have been refinanced since then , most recently with HSBC . In other words, Rudd-Rein's business was not financed by a mere mortgage over the family ho...

As of yesterday, 17 April 2008 June natural gas was selling at $10.45 per million British thermal units (http://www.oilmarketer.co.uk/2008/04/17/oil-prices-retreat-on-stronger-dollar/) According to Anil Netto, Petronas sells gas to Tenaga and the independent power producers at 6.40 ringgit ($1.90) per million British thermal units . Netto has also reported: Since 1997, out of the 58.2 billion ringgit ($17.2 billion) that Petronas has dished out in gas subsidies, 27.6 billion ringgit or 47 percent has benefited the independent power producers, 21.2 billion ringgit ($6.2 billion) has gone to Tenaga, and small industrial, commercial and residential users received 9.4 billion ($2.8 billion). Independent power producers have thus benefited more from subsidized gas than Tenaga has . With oil and gas prices now soaring, the government and Petronas are feeling the pinch of higher fuel and gas subsidies. The Malaysian public has incurred a staggering 27.6 billion ringgit ($8.2 billion) throug...