Targeted subsidies on track

PETALING JAYA: Businesses impacted by the new electricity surcharge are hoping for a moratorium but the government is maintaining its stance to provide targeted subsidies to Malaysians.

“The move from providing blanket subsidies is crucial for energy efficiency and also to ensure the government can protect M40 and B40 domestic users,” said Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.