Tariff Hike Could Sound Death Knell For Many Businesses Say Groups


 
Business groups say the government should put off the increase in electricity tariffs for commercial and industrial users ‘until the energy situation becomes clearer’.PETALING JAYA: Business groups, which are still struggling to recover from the pandemic, have urged the government to halt the increase in electricity tariffs, which came into effect on Feb 1.
Describing the increase under the Imbalance Cost Pass-Through (ICPT) mechanism as “shocking”, the groups said the situation could be re-assessed “when the energy situation becomes clearer”.
They said the hike in electricity charges was announced without any discussions with stakeholders and consumers.
“The hike is shockingly high, effectively more than 15% or up to 25% on an off-peak tariff. It is humongous and even in the best of times, it is unlikely to be possible for businesses to absorb,” they said in a joint statement today.

“At this critical juncture where all businesses, big and small, are still struggling in survival and revival mode, this hike could sound the death knell for many enterprises.”
On Feb 1, a surcharge of 3.7 sen/kWj was imposed on all non-domestic users, such as commercial and industrial companies.
The groups said the expected hikes in the cost of goods and services would further restrict and reduce their ability to purchase, resulting in dampened volumes and turnover.
“We understand that fuel costs have escalated due mainly to supply chain interruptions coupled with geopolitical trade play.
“However, once the supply chain is restored and normalcy returns, market forces will cause the predatory pricing to recede and competition will prevail,” they said.
They also said that in this predictable short-term disruption, it was more prudent for the government to intervene and support the “temporary pain” and not pass the burden on to consumers.
They hoped that the government would not fuel and set the train of inflation further.
“Currently, even without this unprecedented hike in electricity tariffs but merely due to the supply chain disruption, the inflationary pressures are already being experienced by all consumers,” they said. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/02/tariff-hike-could-sound-death-knell-for.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
More Groups Oppose Power Tariff Hike For Businesses

More Groups Oppose Power Tariff Hike For Businesses

papar berkaitan - pada 31/1/2022 - jumlah : 183 hits
An economist says the power rate hike for the commercial sector would affect consumers and dampen economic recovery PETALING JAYA More groups have come forward to oppose the increase in electricity rates for commercial and industrial users ...
Family Reunions Still Not On The Cards For Many Malaysians Abroad

Family Reunions Still Not On The Cards For Many Malaysians Abroad

papar berkaitan - pada 31/1/2022 - jumlah : 238 hits
People shop for decorations ahead of the Chinese New Year celebrations at a shop situated along Petaling Street in Kuala Lumpur January 29 2022 8211 Malay Mail photo KUALA LUMPUR This Chinese New Year many Malaysians will be able to take a
Education Awareness Key To Preparing Malaysia For Endemic Covid 19 Health Experts Say

Education Awareness Key To Preparing Malaysia For Endemic Covid 19 Health Experts Say

papar berkaitan - pada 3/2/2022 - jumlah : 240 hits
People are seen wearing protective masks as they walk along the Bukit Bintang shopping area in Kuala Lumpur on Oct 28 2021 Photo by Firdaus Latif Malay Mail KUALA LUMPUR Malaysia needs more education and awareness about living alongside Cov...
Death In Custody Each Case Is Investigated Thoroughly Say Cops

Death In Custody Each Case Is Investigated Thoroughly Say Cops

papar berkaitan - pada 12/2/2022 - jumlah : 226 hits
Integrity and standards compliance department director Azri Ahmad had on Feb 9 said that of the seven cases reported so far this year only four were deaths in lock ups KUALA LUMPUR Police view each case of death in custody seriously and tak...
Business Insurance Now A Must For Tekun Micro Businesses

Business Insurance Now A Must For Tekun Micro Businesses

papar berkaitan - pada 7/2/2022 - jumlah : 224 hits
Entrepreneur development and cooperatives minister Noh Omar said business insurance will protect small entrepreneurs in difficult times such as the recent floods KUALA LUMPUR It will now be compulsory for micro entrepreneurs under the Natio...
Pm Govt Allocates Rm19 2m Grants For Welfare Voluntary Groups

Pm Govt Allocates Rm19 2m Grants For Welfare Voluntary Groups

papar berkaitan - pada 2/2/2022 - jumlah : 211 hits
The government has allocated grants amounting to RM19 2 million this year for welfare voluntary organisations that provide care protection and rehabilitation to the target group of the Social Welfare Department Prime Minister Ismail Sabri Y...
Allow Private Vaccinations To Go On Say Medical Groups

Allow Private Vaccinations To Go On Say Medical Groups

papar berkaitan - pada 26/1/2022 - jumlah : 175 hits
Police have raided several clinics selling fake vaccination certificates in five states this month PETALING JAYA Despite numerous cases of private clinics selling fake Covid 19 vaccination certificates the Malaysian Medical Association says...
Pkr Desperate For Johor Victories After Polls Setbacks Say Analysts

Pkr Desperate For Johor Victories After Polls Setbacks Say Analysts

papar berkaitan - pada 12/2/2022 - jumlah : 275 hits
Analyst James Chin says a repeat of PKR s dismal performance in the Melaka and Sarawak state elections would spell disaster for the party in GE15 PETALING JAYA PKR is desperate to win as many seats as possible in Johor which is why several ...
Najib Repeats Call To End Power Tariff Hike Allow Further Epf Withdrawals

Najib Repeats Call To End Power Tariff Hike Allow Further Epf Withdrawals

papar berkaitan - pada 11/2/2022 - jumlah : 229 hits
A sudden increase in electricity tariffs will result in costlier goods says Najib Razak PETALING JAYA Former prime minister Najib Razak has urged the government to immediately withdraw the electric tariff hike which could go up by as much a...
Investigation Reveals Millions Of Ringgit Transferred Into Najib S Account Testifies Former Io

Follow Up Dengan 2 Doktor Pakar Di Kpj Seremban

Pbakl 2025 Peta Lokasi Acara Pesta Buku Antarabangsa Kl

The Enigmatic Voynich Manuscript Unraveling A Century Old Puzzle

Trump S Tariffs Market Jitters But Impact Likely Limited

Adakah Sabah Senyap Senyap Maju Bawah Pimpinan Hajiji

Kuih Raya Homemade By Nieyl

Why Every Homeowner In Katoomba Needs A Reliable Electrician On Speed Dial


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Pelajar Perempuan Hilang Dari Asrama Ibu Rayu Rakaman Dashcam Orang Ramai Cari Anak

Calon Isteri Buat Suami Lakonan Jazmy Juma Siti Hariesa

Raya Aidilfitri 2025

Menceraikan Istri Demi Wanita Lain Ini Kisah Cinta Khalid Bin Yazid Dan Ramlah

Night Side Songs A Pioneering Palliative Care Musical

5 Jenis Ujian Emosi Di Hari Raya