Letters displayed by Malaysiakini under the title caption High time Petronas answer to Parliament (see http://www.malaysiakini.com/news/84416) rekindles the need to examine Malaysia's economic and natural resource management weaknesses. That is, of course to put things mildly.
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One kind commentator of my earlier entry on this subject, Nilesh, has given me an excellent reference to Professor Thorvaldur Gylfason's explanation of the Norwegian economic and natural resource wealth management experience. It is a recommended read for all interested persons. I invite you to read this.
3 comments:
If I am not mistaken, Norway have a oil fund where 1/3 of the revenue from oil is channel into the fund and it is reported has a reserved of around USD250 billion..
You may be right. What a staggering success in sovereign wealth management.
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