Petronas To Continue Sponsoring Malaysian Journalism Awards

KUALA LUMPUR, Sept 2 (Bernama) -- Petroleum Nasional Berhad (Petronas) Wednesday inked an agreement with the Malaysian Press Insitute (MPI) to continue sponsoring prizes for the Malaysian MPI-Petronas journalism awards for a period of five years till 2014.According the the agreement, Petronas will provide RM1.5 million, RM300,000 a year, which is some RM100,000 more than the previous years.Petronas was represented by its senior managing director, legal and public relations division, Mohd Azhar Osman Khairuddin while MPI by its chief executive officer, Datuk Chamil Wariya.According to Chamil, the prize money for the top award, the Kajai award, would be increased from RM24,000 previously to RM30,000 this year."We hope with the increase in prize money, it will spur journnalists to produce work of greater quality," he told a press conference after the signing ceremony.-- BERNAMA