CRUCIAL to audit Petronas after M’sia falls 12 spots in transparency rankings – Dr Dzu


Dateline 2013-05-29:

PAS has called on Putrajaya to conduct an audit on Petronas after a survey showed Malaysia’s ranking in revenue management transparency dropping to 34th spot from 22nd in 2010, far below countries like Timor Leste and the Philippines which were ranked 13th and 23rd respectively.

The 2013 Revenue Watch Institute and Transparency International Report on government disclosure in oil, gas and minerals management in 58 resource rich countries released in April saw Malaysia scoring three per cent lower than

in 2010, performing poorly in all three criteria touching on matter of accountability like reporting practices and safeguards and quality control.

 

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