Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
I think there will be a u-turn or delay in PN17 exit because Sapura performance and management is still not very good. On top of that with so many scandals and ongoing corruption investigation.
They are still robbing the government money through PNB. PNB approves consolidation because they are just following orders too. Sapura is the company that "liat" to bayar hutang by playing loss. They got a lot of projects overseas and the hutang is just a small amount. They awarded a 7.3bil contract with 80% going to the bumiputera (proxies) enterprise. Just move on la Malaysia, this sector is downsizing, and focuses on new economic sources, cannot save it by helping this lanun company.
many interested parties to feed. just like MAS last time. Gov would cont to bail out until the hole too big and deep. next they would delist it and privatize and wipe off all debts to those sme suppliers and banks
