Please focus on our economic woes | Daily Express Online - Sabah's Leading News Portal
Published on: Sunday, March 07, 2021 By: Datuk John Lo Text Size: WHO would believe that Petronas would make a loss of RM21b in 2020? In its hey days, its profit was hovering around RM140b and had financed up to 40pc of Malaysia’s annual budget. Oil countries, like Brunei, Saudi Arabia, which did not manage their windfall from oil prudently, have suffered huge deficits in the last several years. They are now in desperate mode to salvage their erstwhile financial pride. Malaysia is the same and with this Petronas loss, is now in this similar situation. The consequence for Sabah will be