Deputy PM: Economy will suffer if racial unity collapses
Economic Outlook 2009:
Domestic demand critical to growth
January 2, 2009
Malaysia central bank sees room to cut rates
December 23, 2008
Malaysia: Job losses seen rising in next 3 months
December 7, 2008
Malaysia: Fiscal boost to fend off recession
November 22, 2008
Cheaper oil eases
November 18, 2008
Malaysia slashes fuel
costs by 7%
November 16, 2008
Malaysia faces no
recession, currency to rise – central bank
November 15, 2008
Coping with Global
Malaysia to scrap import duties
November 13, 2008
Malaysia’s $870m highway
plan shelved over funding woes
November 4, 2008
Malaysia to announce new
measures to boost economy
Malaysia: Power tariff cut planned for mid Feb
Malaysia is expected to lower electricity tariffs by mid February, The Star newspaper reported on Friday quoting an unidentified source.
The paper said the rate cut would follow an expected reduction in the price of gas supplied by national oil firm Petronas to the power sector, with the government likely to propose a new gas price "in a matter of days".
"Manufacturers are facing problems paying their electricity bills," the source was quoted as saying. "Also, the measure is needed to stimulate the economy and it needs to take effect as soon as possible."
The energy ministry was not immediately available for comment.
"(If the) gas price comes down, then it's okay for tariffs to come down as well," the newspaper quoted Che Khalib Mohamed Noh, chief executive of power distributor Tenaga Nasional as saying.
"But, how much lower can the gas price go?"
Energy Minister Shaziman Abu Mansor was quoted on Thursday as saying that the government would bring forward a review of gas prices, which was initially planned for June, in line with a drop in oil prices.
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