Tag: oil revenue
Hoo Ke Ping also warns of a 'forward indication of recession' in the low global demand for commodities, including palm oil.
The national oil firm records an increase of RM10 billion from the previous year.
The number of destitute in Nigeria is believed to be growing by 6 people every minute, according to a paper from The Brookings Institution.
Umno Youth vice-chief Shahril Hamdan says the finance ministry cannot exclude the one-off special dividend from Petronas and claim a reduced reliance on oil revenue.
The former prime minister says this was why the previous administration had worked hard to reduce the country’s dependency on oil revenue.
SAPP’s Richard Yong says Sabahans suffered from poor infrastructure and drain of revenue from resources when Mahathir was prime minister.
Warisan president says Sabahans can't rest until they know whether there's been any breach of the Malaysia Agreement.
Former state minister says Sabah private sector is suffering under heavy sales taxes, and calls on the Sabah government to get its revenue from oil and other sources agreed upon during the formation of Malaysia.
Minister is confident of bringing the budget deficit to 3.5 per cent by year-end and 3 per cent by next year.
The oil royalty issue took centre stage during Chinese New Year, with Anwar pledging 20 percent if Pakatan comes to power, Jeffrey demanding 50 percent while there also those pushing for 70 percent.