Don’t kill your golden goose, PKR tells Govt

Choke the goose? A new euphemism, apparently, and the main reason why I included this article.

Dateline 2015-08-20, FMT:

PKR has warned the Federal Government not to choke the goose which lays its golden eggs, by forcing state-owned oil and gas company Petronas to draw on its reserves to pay unreasonably high 2015 dividends amidst a sharp decrease in the company’s profits.

“Petronas has committed RM26 billion dividends to the Federal Government of Malaysia despite a sharp 55% drop of crude oil price in 2015,” Bayan Baru MP Sim Tze Tzin said in a media statement issued yesterday.

“When a company draws into its reserves to pay for dividends, it shows a worrying sign of financial health,” he added.

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