SINGAPORE (Sept 3): Lembah Pantai member of parliament Fahmi Fadzil has clarified that Pakatan Harapan’s election promise to properly enforce the Malaysia Agreement 1963 to uphold the rights of Sarawak and Sabah is facing difficulties due to the country’s current fiscal position.

Fahmi was referring specifically to the coalition’s pledge to increase oil royalties for Sarawak and other oil-producing states to 20%.

“In principal, if something was signed, we have to honour it. [But we cannot proceed] due to practical considerations right now; we want to do it, but we are severely in debt now,” he said during a forum organised by the Jeffrey Cheah Institute on Southeast Asia at Sunway University in the Malaysian state of Selangor on Aug 29.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook