Retailers face higher costs from hike in power rates

Quick Summary:

Retail players are expecting a steep increase in electricity and other operational costs for shopping malls, following the government’s proposed electricity tariff hike this coming July.

Anwar, who is also finance minister, said any tariff increase should not impact the general population but instead target the ultra-wealthy or industries generating extraordinary profits.

Meanwhile, Prime Minister Datuk Seri Anwar Ibrahim had said the government would not allow electricity tariff hikes that would burden the public.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: RetailChallenges MallOperators InflationImpact TNB /Business/Business News EnergyHike OperationalCosts Retail ElectricityTariff

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 00:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 13 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24796841

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 5 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 4 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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