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KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) is crying foul over the recent electricity surcharge, saying it came with such short notice that industry players, especially exporters, had insufficient time to adjust to the additional cost.
PETALING JAYA: The Government should review its decision to raise electricity tariffs, as it could “kill” all the benefits of other measures taken by Pakatan Harapan to lower costs of living, says PKR vice president Rafizi Ramli.
KUALA LUMPUR: CIMB Equities Research is retaining its Hold call for Tenaga Nasional at RM16.70 although the uncertainty arising from the continuity of the imbalance cost pass through (ICPT) has eased. The last traded price was RM14.64.
KUALA LUMPUR: A relief came in the form of an end-of-quarter window-dressing activity, which spurred buying momentum and lifted the benchmark FBM Kuala Lumpur Composite Index (FBM KLCI) higher.
KUALA LUMPUR: After the battering over the past two months by foreign funds following the Pakatan Harapan-led victory and worsening US-China trade wars, the local stock market advanced as investors clung on to hopes for a window-dressing for the second quarter.
PETALING JAYA: Government-linked companies have come under the spotlight, with the Government saying there is a need to review their role. However, as far as the energy sector is concerned, analysts believe that the Government is committed to carrying out reforms, boding well for Tenaga Nasional Bhd (TNB).