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Petronas lose RM300,000 over change of forum venue |
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Written by zen
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Wednesday, 20 August 2008 10:57 |
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Prime Minister Datuk Seri Abdullah Ahmad Badawi said that national petroleum company Petronas suffered a RM300,000 loss when the Petronas Group's Health, Safety and Environment (HSE) 2008 forum’s venue was changed from Cape Town in South Africa to Kuala Lumpur. Most of the amount came from canceled economy class flights, he added. He said "However, cancellation of hotel room bookings in Cape Town did not cause Petronas to incur any loss. In this matter, although the decision (to change the venue) caused Petronas to incur some losses, the overall savings by having the forum in Kuala Lumpur justified the action," The venue was changed after the recent economic situation in the world and the government’s cost cutting measures.
-Zen, Malaysia Today
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