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.

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