Malaysia's Petronas cautious over dividend to government as energy prices tank
Share:
KUALA LUMPUR (Reuters) - Malaysia's state energy giant Petronas [PETR.UL], struggling with weak prices and falling demand, said on Friday its own funding needs and debt obligations would dictate any special dividend to the government amid the coronavirus crisis.The government has said it would tap state enterprises to help out with a $58 billion stimulus package announced last month to counter the impact of the pandemic on Southeast Asia's third-largest economy. The enterprises have not been..