Don’t be too happy about 20% royalty yet, says PBS


Dateline 2018-07-21, FMT:

An official of Parti Bersatu Sabah (PBS) has advised oil-producing states to be cautious about the announcement of 20% petroleum royalty to be disbursed by the federal government.

Christopher Mandut, acting head of PBS Youth, told FMT that the payment might not amount to as much as everyone believed, compared to the 5% cash payment already being made.

Prime Minister Dr Mahathir Mohamad has said that the oil states would be paid 20% of profits derived from petroleum extraction.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: