KOTA KINABALU: Prime Minister Tun Dr Mahathir Mohamad’s proposal to sell Petronas stakes in oil-producing states in lieu of royalty payments is misguided, says Sabah DAP secretary Chan Foong Hin
KOTA KINABALU: Prime Minister Tun Dr Mahathir Mohamad’s proposal to sell Petronas stakes in oil-producing states in lieu of royalty payments is misguided, saysHe said that he hopes the Federal Government would come up with more “creative ways” to meet the nation's current financial needs.
“It is not right to raise funds for the Federal Government by way of selling Petronas shares to the state government. I believe that the Prime Minister, in his infinite wisdom, would be able to come up with many other creative ways to raise funds needed to settle federal debts, ” said Chan.
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