Sabah faces revenue hit as oil prices slump, says Masidi


KOTA KINABALU: Sabah will need to revisit its financial planning amid a significant drop in global oil prices, which is expected to cut deeply into the state’s revenue, said Datuk Seri Masidi Manjun.

The state Finance Minister said Sabah's dependence on oil and gas earnings means any price fluctuation on the global market will have immediate consequences.

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