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THE government’s liabilities are out in the open. Finance Minister Lim Guan Eng revealed details to substantiate his point of national liabilities and debt have breached not only the RM1 trillion-mark but also reached 80.3% of gross domestic product.
KUALA LUMPUR: The government may rationalise fiscal expenditure in the upcoming Budget 2018 as it seeks to maintain an efficient and prudent fiscal management, according to Second Finance Minister Datuk Seri Johari Abdul Ghani.
PETALING JAYA: The Sarawak state government is going ahead with plans to set up its own oil exploration company called Petroleum Sarawak (Petros), which will be wholly owned by the state, despite the low oil price environment.
Sarawak is actively discussing with Petroliam Nasional Bhd (Petronas) on acquiring a 10% equity in the Malaysia Liquified Natural Gas (MLNG) Plant Train 9. Chief Minister Tan Sri Adenan Satem said the state was also working with Petronas to increase its equity in MNLG 2 Plant.
KUALA LUMPUR: Sumatec Resources Corp Bhd, which is entitled to only half of the profits from the the Rakushechnoye oil and gas field in Kazakhstan as its designated operator. plans to take full control by buying the concession owner for US$205mil (RM817.95mil).
Jynwel Capital involved in corporate deals worth more than RM22bil outside Malaysia in the last three years.