Thursday, December 09, 2010

Cabinet agrees to electricity price increase

By the Star

KUALA LUMPUR: The federal Cabinet has agreed in principle to a revision of electricity tariff but has not decided when it should take place.

Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui said an electricty tariff revision was on the cards but the Government had not decided when.

He said there were many issues that the Government needed to address before a time could be set for the revision.

Under the Government Transformation Plan, we have to roll back the subsidies, which involves so many other things, such as fuel cost and the Government has to make a decision as to when Tenaga Nasional Bhd (TNB) is allowed to make the revision and this has not be confirmed, he said after the launch of TNB Service Charter yesterday.

The TNB Service Charter has the mission to improve TNB's services to its customers.

* I do not understand why the electricity has to be review again? The ringgit has been stronger against the greenback = purchasing power is stronger. Lower prices in all commodities, but WHY everything is increasing? Salary is not increasing. What and where went wrong? Is our dear KPI Minister about to fine tune other things instead of focus on the rising of commodities. All our dearly Malaysian wish/hope that he can contribute somehow and somewhat.

Good news is the former Selangor MG has been arrested. It's a big boost of confidences in our international business as it shows that Malaysia condone corruption and making it a safe haven for investment n business.