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Wednesday, February 8, 2023

Anwar: Electricity tariff increase will not affect SMEs and the public

NewsAnwar: Electricity tariff increase will not affect SMEs and the public

Prime Minister Datuk Seri Anwar Ibrahim has promised that any increase in electricity tariffs will not affect any small and medium sized enterprises (SMEs) or the public, but will instead affect multinational and large export-oriented companies.

Speaking in a press conference yesterday (14 December), Anwar said the details regarding the hike will be announced by Natural Resources, Environment and Climate Change Minister, Nik Nazmi Nik Ahmad.

“This electricity subsidy will not be given to giant multi-national conglomerates, but is meant for SMEs, food production and agricultural companies, and the public… they will not be affected at all by any increased tariffs.”

“It will also be a very gradual, reasonable increase, so we won’t disrupt productions and business projections. The details will be announced soon by the minister concerned,” the prime minister said.

Anwar also revealed that the government spent RM30 billion on electricity subsidy bills, but the majority who enjoyed these benefits were conglomerates and the ultra-rich.

Thus, the government will increase tariffs for these individuals and companies in phases and will start with the multinational conglomerates (MNCs) and companies that export products overseas.

Source: NST

The cost of living report

Meanwhile, Anwar said that the National Action Council on Cost of Living had submitted its report and recommendations to combat the cost-of-living issues that has been plaguing Malaysians.

Anwar said he has instructed the Federal Agricultural Marketing Authority (FAMA) to address the irregularities in the agriculture market sector. 

“For example, there was a huge problem for farmers in Cameron Highlands who had to dispose of their produce last year as there were no buyers or transportation to pick up and deliver the produce when the nation went under Covid-19 lockdown,” he said.

Watch the press conference here:

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