Dateline 2012-01-26:
Mere hours before Opposition Leader Anwar Ibrahim flew into Kota Kinabalu for a PKR Chinese New Year gathering, Jeffrey Kitingan issued a policy statement on the federal government’s payment of oil royalty to the oil states.
Jeffrey’s State Reform Party (STAR) wants a hike in the present measly five percent oil royalty to 50 percent, covering both the inner and outer waters. More on this in a while.
Earlier, just before Chinese New Year, the Sabah Progressive Party (SAPP) revealed its economic plan which, among others, held out without much hope for a 20 percent oil royalty. The party’s other ideas for the oil and gas resources are to try and squeeze export duties, excise, and land taxes.
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