Mon, March 24, 2025
[ Mon, Mar 24th ]: Slate
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[ Mon, Mar 24th ]: InsideNoVa
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[ Mon, Mar 24th ]: Reuters
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Sun, March 23, 2025
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[ Sun, Mar 23rd ]: CNA
Politics trumps economic reform pledge in PM Anwa .. 230 million 'bailout' of debt-laden Sapura Energy
[ Sun, Mar 23rd ]: Salon
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[ Sun, Mar 23rd ]: Reuters
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Winston Peters' State Of The Nation - 'Make New Zealand First Again'

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

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
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 ]