Sun Daily - Gov't to make adjustments to channel oil royalty: Wan Azizah (extracts):
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oh dearie me, I forgot my gloves |
TUARAN: The federal government will make adjustments to channel the oil royalty to the petroleum producing states in the country, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail.
She said the federal government was very committed to fulfilling its promise to channel the oil royalty as stated in the Pakatan Harapan (PH) manifesto during the 14th General Election (GE14).
"The government will see how best to fulfill that pledge, including taking into account the country's revenue," she told reporters after officiating the 'Sekeluarga Tolak Pornografi (SToP)' or Whole Family Rejects Pornography Seminar at the Institute of Teacher Education, Kent campus, here today.
She said the federal government was very committed to fulfilling its promise to channel the oil royalty as stated in the Pakatan Harapan (PH) manifesto during the 14th General Election (GE14).
"The government will see how best to fulfill that pledge, including taking into account the country's revenue," she told reporters after officiating the 'Sekeluarga Tolak Pornografi (SToP)' or Whole Family Rejects Pornography Seminar at the Institute of Teacher Education, Kent campus, here today.
What does the DPM mean "The government will see how best to fulfill that pledge, including taking into account the country's revenue"?
20% royalty means 20% royalty - and not what Mahathir in his licik mamak kira stated as '20% profits'.
Speculating based on oil revenues, 20% royalty on oil and gas could be as much as RM40 to 50 Billion, but 20% profit is likely to be (if Sarawak is lucky) around RM6 to 7 Billion or even less, or if the government kowtim up the production costs etc, zero ringgit for Sarawak.
That's the difference between royalty and profit, or between gross and net income.
The DPM should not talk so much on issues she has no idea about nor will act on, but to let the Finance Minister or the Economics Minister, whoever is in charge (we don't know) states what 20% royalty and 20% profit are.
This has been Pakatan tap-dancing through the tulips, meaning Pakatan has no intention of honouring the 20% royalty pledge made before the election - but then, that's Mahathir's perception of a pre-election manifesto pledge - there are useless to him.
