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Malaysian govt may seek more revenue from Petronas as profit jumps


KUALA LUMPUR:  Malaysia may collect up to $2.3 billion more in taxes and dividends from Petroliam Nasional Berhad, or Petronas, this year, a finance ministry official said on Wednesday, as firmer oil prices boost profits at the state energy firm.

The new administration led by Tun Dr Mahathir Mohamad is relying more on Petronas - a significant contributor to government revenue and the country's largest employer - to offset a revenue shortfall from the government's plan to scrap a consumption tax.

Corporate News , Oil & Gas

   

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