Malaysia asked where money for Lanka went

October 8, 2019

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He said there were allegations that Patmanaban has since been detained by British authorities for having links with terrorists and for money laundering.“There are numerous claims, allegations and queries about the fund. We can’t possibly answer for Ramasamy.“As a responsible party deputy secretary-general and state deputy chairman, Ramasamy must come clean on the issue to safeguard party interests. “The public wants to know if the money reached the Tamil war victims of Sri Lanka,” he told the Malaysian website Free Malaysia Today.He said rumors were circulating that the money had been deposited to a personal account of a London-based Sri Lankan called Patmanaban. Ramasamy in a news report in 2009, said the campaign was endorsed by the state government.“This campaign is being launched on humanitarian grounds and is not racially-motivated,” he said.Efforts to reach Ramasamy today for comments were futile as he did not reply to calls and text messages.DAP Penang chairman Chow Kon Yeow has claimed that he knew very little of the details of the fund, except that “it had been sent out.” Malaysia’s Penang Deputy Chief Minister II P Ramasamy has been asked to clarify where the money collected under the Sri Lanka Tamil War Victims Relief Fund in 2009 has gone, the Malaysian media reported today.G Asoghan, chairman of the Jalan Bagan Luar branch, said Ramasamy must explain what happened to the estimated RM73,000 collected from mainly Malaysian Indians for the fund. Due to his branch’s involvement in the initial stage, Asoghan said many contributors have been questioning him on the status of the funds collected. “This is not a small matter and he can’t go on being quiet. He’s got to clear the air once and for all to prevent DAP from being accused of sponsoring terrorists and terrorism,” said Asoghan. He said his branch was indirectly involved in the issue as it organised the first meeting of the relief fund committee presided by Ramasamy. Several contributors are contemplating lodging reports with the police and Malaysian Anti-Corruption Commission (MACC) on the issue if Ramasamy fails to explain publicly soon.Asoghan said he had openly called on Ramasamy to “clear the air” only after failing to obtain replies from the party leadership.Penang DAP launched its Sri Lankan Tamils Relief Fund to help ethnic Tamil civilians injured in the fighting between the military and Tamil Tiger rebels in 2009. read more


Penn Wests 2016 capital budget down 90 from last year production to

October 3, 2019

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Penn West’s 2016 capital budget down 90% from last year, production to fall by Posted Jan 28, 2016 11:24 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Penn West Petroleum Ltd. is cutting its capital budget for 2016 to only one-tenth of what it spent last year as the conventional oil and gas producer lowers its average daily output, shuts in wells and works to reduce expenses.The Calgary-based company said its 2016 budget capital budget will be just $50 million, reflecting plans to shut in the equivalent of 4,000 barrels per day of uneconomic production in the first quarter of this year.The company also says its 2015 capital spending was $20 million below the $500 million that was anticipated in September. Earlier, the 2015 budget had been set at $840 million for 2015.Penn West, which operates mostly in southern Alberta and Saskatchewan, cut about 400 full-time employees and contractors last year, about 35 per cent of its workforce, because of the prolonged decline in oil prices.Penn West ended 2015 producing more than 77,000 barrels per day of oil, gas and liquids.For the coming year, Penn West projects between 60,000 and 64,000 barrels per day of production in 2016. read more