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KL faces dilemma over Sapura Energy's financial crisis
Bailing out firm could backfire on govt, with 1MDB debacle still fresh in minds of people
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Prime Minister Ismail Sabri Yaakob's government is facing a dilemma over the financial meltdown at Malaysian offshore energy contractor Sapura Energy, which ranks as the largest rig owner in Asia outside of China.
Sapura Energy posted one of corporate Malaysia's worst set of results this month, declaring a net loss of US$2.1 billion (S$2.8 billion) for the financial year ended January.
