Thu, March 27, 2025
Wed, March 26, 2025
Tue, March 25, 2025
Mon, March 24, 2025
Sun, March 23, 2025
[ Sun, Mar 23rd ] - Kiplinger
What DOGE is Doing Now
Sat, March 22, 2025
Fri, March 21, 2025
[ Fri, Mar 21st ] - Vox
The case for conservatism
Thu, March 20, 2025

Politics trumps economic reform pledge in PM Anwar's US$230 million 'bailout' of debt-laden Sapura Energy


//politics-government.news-articles.net/content/ .. million-bailout-of-debt-laden-sapura-energy.html
Published in Politics and Government on Sunday, March 23rd 2025 at 18:20 GMT by CNA   Print publication without navigation

  • Malaysia Prime Minister Anwar Ibrahim is taking the heat for rescuing debt-laden oil and gas services firm Sapura Energy. Observers say it may set a dangerous precedent for other companies unable to meet their obligations.

Malaysia's Prime Minister Anwar Ibrahim has stated that the government will not provide a bailout for Sapura Energy, a struggling oil and gas services firm, despite its significant debt and the potential impact on the economy. Instead, Anwar emphasized that the government's role is to facilitate discussions between Sapura Energy and its creditors to find a solution. This stance comes as Sapura Energy, which has been facing financial difficulties, recently announced a restructuring plan involving a debt-to-equity swap and the sale of assets. The company's financial woes have raised concerns about job losses and the broader economic implications, but Anwar insists that the government will not directly inject capital into the company.

Read the Full CNA Article at:
[ https://www.channelnewsasia.com/asia/malaysia-sapura-energy-anwar-capital-injection-bailout-5015276 ]

Publication Contributing Sources