A closer look into the company’s books is required to determine why Sapura Energy is failing, say analysts. – The Malaysian Insight file pic, March 31, 2022.
While there have been calls to bail out the company which has a total debt of US$2.44 billion currently, economists said privately held companies should not be bailed out using taxpayers’ money. “They engage in bad behaviour and leave the clean-up to the government. We have seen it in many of the sordid corporate stories.“In the interest of objectivity, let a third party recommend a solution: the first step is for it to go to the private sector for restructuring.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jaminan kerajaan untuk Sapura Energy tidak boleh dilaksanakan, kata pakar ekonomi | The Malaysian InsightPutrajaya perlu elak memberi jaminan kepada syarikat berkaitan kerajaan itu menggunakan dana pembayar cukai.
Source: msianinsight - 🏆 8. / 63 Read more »