PM Anwar: No electricity tariff hikes that burden public, TNB must explain surcharges Posted on 27/12/2024 LANGKAWI, Dec 27 — The government does not allow any increase in electricity tariffs that would impact the public and has instructed Tenaga Nasional Bhd (TNB) to provide clarification on the matter. Prime Minister Datuk Seri Anwar Ibrahim said he had contacted Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the minister of energy transition and water transformation, regarding the matter. “We do not allow electricity tariff hikes that impact the public. Any increase, as in the past, will only affect the upper class that I describe as the super-rich, or industries recording significant profits. The majority of the public will not be impacted by electricity tariff increases, even though I understand costs are rising. “Although costs are rising, they must not affect the position of the majority of the people. This is a matter of policy. I understand the need for an increase, but it cannot involve additional costs for the majority of the people,” he told reporters at Masjid Al-Hana, Kuah, here today. Anwar, who is also the finance minister, said Fadillah and TNB would provide a detailed explanation on the matter. TNB, in an announcement to Bursa Malaysia yesterday, said a new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour (kWh) for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025. Under the Regulatory Period 3 (RP3) from 2022 to 2024, the base tariff is set at 39.95 sen/kWh. — Bernama News
TNB eyes higher base tariff for 2025-2027 in Peninsular Malaysia starting July next year amid energy transition push Posted on 27/12/2024 KUALA LUMPUR, Dec 27 — The new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025, Tenaga Nasional Bhd said yesterday. Under Regulatory Period 3 (RP3) between 2022 and 2024, the… Read More
Najib rejects ex-CEO Hazem’s claim 1MDB was a ‘tool for Umno funding’, says projects not for personal or political gain Posted on 10/12/2024 KUALA LUMPUR, Dec 10 — Former prime minister Datuk Seri Najib Razak today denied that the Finance Ministry-owned company 1Malaysia Development Berhad (1MDB) and its projects are for his benefit or for his party Umno’s benefit. Najib disagreed with former 1MDB CEO Mohd Hazem Abd Rahman’s previous court testimony of… Read More
South Korea ex-defence minister’s lawyers defend martial law Posted on 26/12/2024 Kim Yong-hyun’s lawyers say the decree imposed aimed to raise the alarm on opposition parties’ abuse of the democratic process. (EPA Images pic) SEOUL: The lawyers for a former South Korean defence minister under investigation on insurrection charges said on Thursday a short-lived martial law decree imposed earlier this month… Read More