Azmin: 20% of petroleum profits to producing states needs time to implement


KUALA LUMPUR: The Pakatan Harapan manifesto promise that all oil-producing states will receive 20% of net profits from the resource will take some time for the Government to study and implement.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pic) said this was because there were laws to be amended, mainly the Petroleum Development Act 1974.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Thunderstorms, heavy rain to hit five states till 7pm, says MetMalaysia
High Court to rule Aug 5 on prosecution's appeal against blogger Jufazli's acquittal
EC to meet on June 12 to set dates for 16th Negri state polls
Jaslinda lost 10kg during her two-week ordeal, says doctor
Johor Polls: Muda to decide on potential electoral pact with Bersatu, others at weekend retreat
'Rejecting DAP not racism, it is politics', says Dr Wee
MACC records 1,095 charges, 563 convictions since 2024
HTAR implementing extra bird control measures
Over 154,000 children get Sarawak Endowment Fund totaling RM154.6mil
Mindanao quake: Civil Defence mobilised to monitor Sandakan, situation stable, says Zahid

Others Also Read