TNB share rises in early trade on new tariff announcement Posted on 27/12/2024 Tenaga Nasional Bhd yesterday announced the government had approved a new tariff schedule to take effect from July 1, 2025. KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) shares surged in early trade today after announcing a new tariff schedule for Peninsular Malaysia under Regulatory Period 4 (RP4). The stock opened 24 sen higher at RM14.42, up from yesterday’s close of RM14.18. By 10.35am, it climbed 62 sen, or 4.37%, to RM14.80, with a total of 7.51 million shares changing hands. Yesterday, TNB, via a filing to Bursa Malaysia, announced that the government had approved the implementation of RP4 under the incentive-based regulation (IBR) framework for the period from January 2025 to December 2027. The decision was communicated in a letter from the Energy Commission (EC) to TNB dated Dec 24, 2024. The company stated that the new tariff schedule, with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under RP4, is proposed to take effect from July 1, 2025. “The current electricity tariff schedule, which has been in place since 2014, will remain in effect, with no change to the electricity tariff rate or tariff structure, until June 30, 2025,” TNB said. News
2024 in review: GISBH raids expose dark secrets of alleged child exploitation and Al-Arqam ties Posted on 24/12/2024 KUALA LUMPUR, Dec 24 — Three decades after the teachings of Al-Arqam were declared deviant in 1994, the nation was once again abuzz with controversy following allegations surrounding GISB Holdings Sdn Bhd (GISBH), an organisation reportedly linked to the group. GISBH, known for its extensive business network comprising restaurants, hotels,… Read More
Taiwan says Chinese ships have left, signalling drills over Posted on 13/12/2024 Around 90 Chinese warships and coast guard vessels took part in exercises simulating attacks on foreign ships and blockading sea routes. (Taiwan coastguard pic) TAIPEI: Chinese navy and coast guard ships have returned to China, signalling the end of a massive maritime exercise, Taiwanese authorities said Friday. Taiwan’s coast guard released… Read More
Aussies agree to strengthen Solomon Islands’s police force Posted on 20/12/2024 Prime minister Anthony Albanese said the deal ensures Australia remains the security partner of choice. (EPA Images pic) SYDNEY: Australia said today it had agreed to boost Solomon Islands’s police force with a multi-year funding, training and infrastructure package for the Pacific nation, which has fostered close ties with China…. Read More