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Sabah to start collecting 5% sales tax on petroleum products
KOTA KINABALU: The Sabah government is expected to begin collecting the five per cent sales tax on petroleum products on or before May 28 for the April sales, Chief Minister Datuk Seri Mohd Shafie Apdal said.
Terengganu govt mulls buying stake in Petronas
KUALA TERENGGANU: The Terengganu state government says it will consider buying a stake in Petroliam Nasional Bhd (Petronas) if it is for a reasonable amount of equity.
Sarawak to drop demand for Petronas royalty hike
KUALA LUMPUR: Sarawak will drop a demand for quadrupling royalties paid by energy giant Petronas but is pushing for production-sharing and other agreements, a key negotiator told Reuters on Wednesday.
State Govt final say on lower property threshold for foreigners, Azmin Ali says
KUALA LUMPUR: It is up to the state government to implement the lower property threshold for foreign ownership that was announced in the Budget 2020, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
Mahathir says Govt considering to list Petronas subsidiary
NEW YORK: The government is mulling into the possibility of listing one of Petronas subsidiaries to make Bursa Malaysia more attractive.
Dr M says Petronas Carigali may be among possible listing candidates
NEW YORK: The government is mulling into the possibility of listing one of Petronas subsidiary to make Bursa Malaysia more attractive.
Govt has paid RM9bil in interest for 1MDB debts
KOTA BHARU: The government has paid at least RM9 billion in interest for 1Malaysia Development Bhd (1MDB) debts, says Deputy Finance Minister Datuk Amiruddin Hamzah.
Near-term uncertainties remain in oil and gas sector
PETALING JAYA: While the reduced volatility in crude oil prices may boost capital expenditure (capex), near-term uncertainties remain in the local oil and gas (O&G) sector, said UOB Kay Hian Research.
Tussle for O&G resources
PETALING JAYA: In a move seen as a challenge to Sarawak’s claim over petroleum ownership, Petroliam Nasional Bhd (Petronas) has gone to court to declare that, under the Petroleum Development Act 1974 (PDA), it is the exclusive owner of oil and gas resources in Malaysia.s
Listing of Petronas among options to increase revenue
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.
