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flag Petronas plans to cut over 5,000 jobs due to falling crude prices and market volatility.

flag Malaysia's state-owned oil firm, Petronas, plans to cut 10% of its workforce, over 5,000 jobs, due to falling crude prices and market volatility. flag The company will also freeze promotions and hiring until December 2026, aiming to reduce costs amid declining profits. flag Despite these challenges, investments in Malaysia's oil and gas sector, especially in upstream activities and energy transition projects, are expected to continue growing.

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