Credit rating at risk of dropping if Petronas’s revenue plunges, says Rafizi

Free Malaysia Today

The ex-economy minister admits that Sarawak deserves more, but warns that any negotiations must not impact investors, burden the national oil company, and threaten economic stability.   Read More: https://www.freemalaysiatoday.com/category/nation/2025/08/03/credit-rating-at-risk-of-dropping-if-petronass-revenue-plunges-says-rafizi  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/08/02/kehilangan-pendapatan-petronas-boleh-gugat-penarafan-kredit-negara-kata-rafizi  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://Ábit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #RafiziRamli #Petronas #Petros #Sarawak

Transcript

00:00Negotiations between national oil company Petronas and Sarawak-owned Petros over the

00:07rights and distribution of gas resources must be done meticulously, former economy minister

00:13Rafizi Romney said. Rafizi, in the latest episode of his podcast Yang Berhenti Muntri,

00:19said if Sarawak's claim to gas resources is entertained without considering the existing

00:24overall financial structure, Petronas risk losing between 15 billion ringgit and 20

00:30billion ringgit a year.

00:32Petronas ni, dia membayar 30 billion, 35 billion setahun kepada kerajaan persekutuan.

00:40Dan daripada hasil kerajaan persekutuan, itu juga menampung dengan besar perbelanjaan Sarawak.

00:49Sekolah, hospital, kakitangan kerajaan, pencin jalan ni, semua persekutuan.

00:54Tentera semua ni kan, walaupun dia tak masuk ke poket kerajaan negeri Sarawak,

01:00dia kalau tak ada semua ni, maka banyak perkhidmatan kepada rakyat Sarawak tu tak ada tau.

01:07Jadi bayangkan, kalau tiba-tiba Petronas hilang 20 billion, maksudnya Petronas tidak lagi

01:15mampu bayar 35 billion dah. Jadi tiba-tiba kerajaan persekutuan hilang 20 billion, 30 billion

01:21daripada, apa nama ni, dividend Petronas.

01:26He said this could lead to a drop in the country's credit rating, which would significantly increase

01:31the government's borrowing costs.

01:3348 billion bayar interest hutang-hutang setiap tahun kan, itu pada kupon, maksudnya interest rate

01:41lebih kurang 4% sebenarnya. Kalau sovereign rating jatuh oleh kerana semua Petros, Petronas

01:47semua ni kan, daripada 48 billion tu dia mungkin jadi 60 billion setahun, tambah lagi 10 billion.

01:53Jadi potong kiri kanan semua, jadi sebab itu dia perlu diuruskan dengan berhati-hati.

02:00Rafizi said Sarawakens deserved more revenue from their resources, but there was a need for prudence

02:06when demanding it.

02:07Natasha Bust, FMT

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Transcript

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