The
sharp moves this week have raised
questions about how quickly investors would be willing to buy stocks at lower prices or stay cautious
amid the threat of higher inflation.
Petronas was hoping to cut its contribution to 9 billion ringgit ($ 2.13 billion) next year, from an estimated 26 billion ringgit this year,
amid a
sharp earnings drop, but the government objected and the ultimate amount may come in around 18 billion ringgit, Wiranto said, noting this raises
questions on revenue sustainability.