Protect Sapura from bankruptcy, Najib urges govt

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PETALING JAYA: Najib Razak has urged the government to protect Sapura Energy Bhd from bankruptcy by providing loans or instructing Petronas or Khazanah Nasional to take over ownership from Permodalan Nasional Bhd (PNB).

The former prime minister was critical of PNB for failing to take action during the tenure of the previous Perikatan Nasional administration on Sapura’s problems and for stopping cash flow assistance.

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Better to spend billions on rakyat than bail out Sapura, says Rafizi

PETALING JAYA: PKR vice-president Rafizi Ramli says that money used to bail out ailing oil and gas company Sapura Energy Bhd could be put to better use to serve the rakyat.

Rafizi was responding to a call by former prime minister Najib Razak to save Sapura from going bankrupt.

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Rafizi not seeing bigger picture on Sapura, says Najib

PETALING JAYA: Former prime minister Najib Razak says PKR vice-president Rafizi Ramli is not seeing the bigger picture in stating that money used to bail out ailing oil and gas company Sapura Energy Bhd could be put to better use to serve the rakyat.

In a retort to the Pekan MP, Rafizi had said bailing out Sapura would only benefit a handful of elites, and that it was unfair to spend billions on the firm at a time when businesses and employees across the country were facing tough times.

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No talks on taking over Sapura, says Petronas

PETALING JAYA: National oil company Petronas has denied holding any discussions with the government on a proposal to take over Sapura Energy Bhd.

Petronas acknowledged that there had been speculation on “purported talks” with Putrajaya on a proposal for it to acquire a significant stake in Sapura.

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Takeover of Sapura Energy is long overdue, says expert

PETALING JAYA: Ailing oil and gas services company Sapura Energy Bhd should be merged with or acquired by another company, according to an expert on financial services.

The expert, who asked to remain anonymous because of the politics involved, said Malaysia’s oil and gas sector was oversaturated and a merger or acquisition of Sapura Energy would be long overdue.

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Sapura director paid RM983mil when Najib was PM, says Rafizi

PETALING JAYA: PKR vice-president Rafizi Ramli says Sapura Energy Bhd’s executive director had received some RM983 million in various payments from 2009 to 2018, when Najib Razak was the prime minister.

In a statement, the former Pandan MP questioned why Najib did not speak up for the thousands of Sapura employees and stakeholders at that time when he seemed so vocal about their welfare now.

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Sapura only became a GLC in 2019, Najib tells Rafizi

PETALING JAYA: Former prime minister Najib Razak says Sapura Energy Bhd was not a government-linked company (GLC) until 2019 and that it was not under his purview when he helmed the top post.

In response to Rafizi Ramli’s statement that Sapura’s executive director earned some RM983 million when Najib was the prime minister, Najib said this had nothing to do with the government at the time.

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Sapura can repay debts, says Najib citing its track record

PETALING JAYA: Former prime minister Najib Razak has backed Sapura Energy Bhd’s turnaround bid, saying the oil and gas giant is capable of repaying its debts if it is allowed to continue operating.

Sapura’s total debts currently stand at RM10.3 billion, and the company is currently undergoing a debt restructuring plan involving banks, vendors and contractors.

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‘Anytime’: Anwar accepts Najib’s challenge to debate

KUALA LUMPUR – Malaysians could soon witness a mouth-watering debate featuring two of the country’s most popular politicians – Datuk Seri Anwar Ibrahim and Datuk Seri Najib Razak – if things go as planned.

In a Facebook post, Anwar, who is parliamentary opposition leader and PKR president, said he accepts the challenge from Najib, the Umno MP for Pekan, to a debate involving the financially-troubled Sapura Energy Bhd.

“My stand is clear and unwavering for over 10 years, where I have thrown similar challenges at him (Najib) but (they) were not responded to,” Anwar said.

“He is now choosing to challenge me in the month of Ramadan after failing to respond to a rebuttal by my (party) colleague Rafizi Ramli on Sapura’s ‘bailout’ crisis at a time when the welfare of the poor and small businesses is not protected.

“I am ready to face and debate Najib anytime, for the sake of the country and the people,” he added in a statement.

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I disagreed with Dr M’s Sapura bailout during PH rule, Rafizi tells Najib[/align

PETALING JAYA: PKR vice-president Rafizi Ramli says he had disagreed with the Pakatan Harapan government’s decision to bail out Sapura Energy Bhd through the injection of funds from Permodalan Nasional Berhad (PNB) in 2019.

The former Pandan MP said he had no influence or position in the PH government but had spoken out against several decisions made by then prime minister Dr Mahathir Mohamad.

“I had disagreed with the decision by the Dr Mahathir Mohamad-led PH government to inject PNB funds to save Sapura,” he said in a statement today.

Rafizi maintained that he was always against the bailout of private companies using public funds, but accused former prime minister Najib Razak of being inconsistent in his stand.

“While he criticised PH’s bailout of Sapura in 2019, now he thinks he’s smart and caring by calling for the same thing,” he said.

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