Petro Etc Selling Companies in Malaysia
The Malaysian government has been selling off shares in a number of state-owned companies in an effort to raise money and reduce its debt burden. Among the companies that have been sold off are PETRONAS, the national oil company, and Proton, the national car company.
The sale of these companies has been controversial, with some people arguing that the government is selling off valuable assets that should belong to the people of Malaysia. However, the government has defended the sales, saying that they are necessary to raise money and reduce debt.
The sale of these companies has been controversial, with some people arguing that the government is selling off valuable assets that should belong to the people of Malaysia. However, the government has defended the sales, saying that they are necessary to raise money and reduce debt.
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