Govt can’t be too dependent on Petronas for funds, says Anwar
The government cannot be too dependent on Petronas for funds, Prime Minister Anwar Ibrahim said, adding that the nation must “move forward”.
On the dwindling Petronas dividend payout, Anwar, who is also the finance minister, said the government has to “bear with it”.
In October, it was reported that the federal government was expecting a dividend payout of RM20 billion from the national oil company, the lowest in nine years.
Anwar said that the dividend payments to the government depend on market conditions and the oil and gas industry’s performance, which is susceptible to volatility due to the uncertain global environment.
“I think we have to accept that we cannot be too dependent on petrol coffers. So, we have to bear with it.
“We have to create new business entities that could generate more revenue for…
