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Bloomberg
Malaysia’s state oil company is considering raising this year’s dividend to help the government fund its nearly $60 billion stimulus package, according to people familiar with the matter.
Petroliam Nasional Bhd., or Petronas, could increase the payout by as much as $2.3 billion, said one of the people, who asked not to be named as the information is private. The company had announced that it would pay 24 billion ringgit in dividend this year.
A higher payout would help Prime Minister Muhyiddin Yassin fund the government’s 260 billion ringgit stimulus package, which is aimed at shoring up an economy that’s struggling with the impact of the pandemic and a crash in oil prices.