Datuk Sebastian – federal government giving 20% royalty from profits disappointing
Regarding Prime Minister Tun Mahathir said the federal government will giving 20% of the oil and gas royalty to Sarawak from the profits of Petronas, Datuk Sebastian Ting believes the announcement have a big difference with Pakatan Harapan Manifesto.
He said PH promised will give 20% royalty to Sarawak and Sabah during the GE, however they dint mentioned the royalty will allocate from Petronas profit.
Does it mean that if Petronas is not profitable, there is no need to return 20% of the oil and gas royalty to Sarawak?
He stress that royalty and profit are two different things.The people of Sarawak and Sabah are expecting federal government to increase the oil and gas royalty from 5% to 20%.
He pointed out that most people expressed dissatisfaction and disappointment with Mahathir’s statement.
« 陈超耀:从盈利拨出20%开采税与希盟宣言有差异 (Previous News)
Related News
Miri religious school renovation completed
The construction of a covered multi purpose hall at a religious school here has beenRead More
Kota Sentosa Assemblyman hands over RTP project awards to improve drainage and public facilities
Sentosa State Assemblyman Wilfred Yap today handed over Letters of Award for two Rural TransformationRead More


Comments are Closed