Malaysian Shopping Malls Association: "This announcement of a potential 15% increase in TNB tariffs is expected to place enormous financial pressure on both operators and consumers.
The Malaysia Retailers Association is strongly urging the government to reconsider the electricity tariff hike, scheduled to take effect from July 2025, and to hold immediate dialogues with stakeholders to address their concerns and explore alternative solutions.
The Johor-based property developer recorded a net profit of RM103 million for the quarter ended Oct 31, 2024 (3QFY2025), compared to RM18 million a year earlier, according to a bourse filing on Friday.
“These approvals enable us to execute our strategic vision and capitalise on opportunities in the dynamic property market,” said Paragon Globe executive chairman Datuk Seri Edwin Tan Pei Seng.
Prime Minister Datuk Seri Anwar Ibrahim said the upcoming electricity tariff adjustment would involve “only the ultra-rich (mahakaya) or profitable industries (yang mencatat keuntungan)”.
With Malaysia's growing interest in global real estate, Eugene Liew is gearing up his agency to connect local buyers with premium properties abroad, particularly from the UK and Australia.
“The revision of the base tariff is mainly to reflect the market fuel prices,” said Tenaga chief financial officer Datuk Nazmi Othman.
DBKL should treat its underlying problems with financial accountability rather than increase rates that will cause inflation and make the rakyat suffer the domino effect down the supply chain.
The programme, introduced back in 2017, was previously limited to installation of solar photovoltaic (PV) systems on rooftops.
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