Thursday, 3 July 2025

Is PKR collapsing?

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No News Is Bad News

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Is PKR collapsing?

KUALA LUMPUR, July 4, 2025: Is Anwar Ibrahim’s PKR collapsing?

Political commentator Murray Hunter thinks so.

In the PKR elections last month, Anwar pitted his daughter Nurul Izzah against then incumbent deputy president Rafizi Ramli.

But only 13,669 of the party’s 30,000 delegates bothered to cast their ballots. Why? Frustrations and disappointed reformists?

 

The contest sparked allegations of nepotism/cronyism and Anwar “politically killing off reformists” in PKR in place of politics of patronage ala Umno-style.

Anwar and his Madani Unity Government (UG) have not only failed to deliver any real reforms as promised in the last general election (GE15), corruption is rife (read as Sabah-Umno) and, racial and religious bigotry is worsening in multiracial Malaysia.

Now, Malaysians are also being slapped with multiple taxes by Anwar and his UG, causing a domino effect on rising inflation and costs of living.

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No News Is Bad News reproduces below Murray Hunter’s post that is being shared on Facebook and a rebuttal response:

 
Murray Hunter

Anwar’s own political party is in collapse

Prime minister Anwar Ibrahim is on an official visit to Italy, Spain and Brazil to attended the BRICS summit, his own Peoples’ Justice Party (PKR) is in rapid collapse at home.

News is emerging from chat groups and pundits there are mass branch resignations of members across more than 200 branches nationwide. Some branches just don’t exist anymore.

The party vote for deputy president, where Nurul Izzah Anwar, Anwar Ibrahim’s daughter challenged incumbent Rafizi Ramli, who was minister of economy until he resigned a few weeks ago showed that some 16,000 members out of 30,000 eligible, did not even bother to vote in this nationally publicized dual. This just indicates the level of apathy within PKR itself, with such an important event for the future of the party.

PKR has gradually been losing electoral support since 2013. In the 2014 general election PKR received 20.39 percent of the national aggregate vote, and in 2022 PKR only received 15.72 percent of the vote. Before the November 2022 general election Pakatan Harapan, the coalition PKR heads was not expected to form the government. However, in an umbrella coalition stitched together and approved by the former king Sultan Abdullah, Anwar became the prime minister.

This represented the crescendo of 27 years of struggle for Anwar to become prime minister as a reformer, who would dramatically change the country. Many even heralded the event as a new ‘Merdeka’ or independence for the nation.

However, very quickly people became dismayed when Anwar appointed Ahmad Zahid Hamidi, who was facing criminal charges at the time as deputy prime minister. Then, many political cronies were given seats on the boards of government linked companies (GLCs) against PKR policy, leading to much dismay in the party. Anwar supporters would say that he had little choice because he needed to ‘give in’ due to being in coalition with UMNO.

The next shock to PKR supporters was the reduction in sentence of former prime minister Najib Razak’s prison term from 12 years to 6 years, and a reduction of his fine from RM 210 million to RM 55 million. PKR campaigned very heavily against corruption and saw that the ‘chief kleptocrat’ was being given favouritism in the Pardons Board. There was a clear message here. Corruption is OK for the elite.

Over the last couple of months there has been a distinct fall in trust for Anwar. Its not just the failure to end institutional race favouritism, inaction of the rising cost of living, failure to stem corruption, the rising cost of goods, decline of freedom of speech, failure to initiate law reform and repeal draconian legislation, and U-turns in policy. It’s the nature and style of leadership of Anwar that is putting people off.

This is not what most PKR members had worked hard over many years for.

The once charismatic leader who delivered inspiring speeches that made him a political hero have just gone and been replaced with arrogance, detachment, and empathy lacking approaches to government. Anwar’s hypocrisy can’t be hidden as its not just about one or two cases anymore. Anwar’s hypocrisy is seen almost across the board. Those who see Anwar speak in person just see a tired and defeated looking man.

The resignations of Rafizi Ramli as minister of economy and Nik Nazmi Nik Ahmad on May 28, after both lost their party positions at the PKR elections, sent a clear message that all was not well in the cabinet. Rafizi’s revelations since his cabinet departure confirm this. Both Anwar and his home minister Saifuddin Nasution Ismail both asked them publicly to reconsider their decisions, a sign they had made a strategic mistake in allowing both to become free agents not bound by cabinet solidarity.

Today, there are no reforms, no economic miracles, no renaissance in society, and greater racial division than ever. There is never ending news of political cronies receiving court discharges without acquittals (DNAA), putting the Attorney General and judiciary under suspicion of political influence. There is a mediocre cabinet, with no rising and aspiring stars that will carry on the philosophy of reform further after Anwar’s time as leader. There is a total leadership vacuum.

Even Anwar’s daughter Nurul Izzah Anwar, once deemed the ‘princess of reformasi’ is just another source of ridicule for the people. While the party is falling apart, Nurul is off talking about native rights in Sarawak, failing to address critical party issues. Anwar, the leader of ‘reformasi’, once leading massive street protests against the government is now getting protests in the streets asking him to resign.

Most PKR members now see the party has abandoned all the reforms it once championed. Most of the ‘Otai” or old timers have become quiet, except for a few loyalists who are finding it much harder to make apologies for Anwar. There is still an army of troll on social media trying to make PKR look good, but now there are too many academics, commentators and professionals who have just walked away.

PKR secretary general Fuziah Salleh is now regularly making public statements denying the party is not losing members, renascent of the Iraqi information minister Bagdad Bob, who kept denying Bagdad was being bombed during the Iraqi war. This indicates a party in quick decline.

The tipping point appears to be the new Sales and Service Tax (SST) increases and the failure of Anwar to extend the term of Chief Justice Tungku Maimum Tuan Mat. Later this month, Anwar’s application for immunity on the case Yusoff Rawther has made against Anwar Ibrahim for sexual assault will be heard. Should Anwar win the appeal for immunity, many will say he is trying to hide the truth.

Should Anwar lose the appeal, the affidavits will reveal alleged sexual misconduct by the now prime minister, which may make his position as PM untenable. Yusoff Rawther was recently acquitted for dealing in narcotics, leading to the question of not just who planted the drugs, but who gave the order to do so?

Anwar’s brand image is badly tarnished with citizens complaining on the king’s Facebook page about him. The wave of membership resignations appears to have a ‘domino’ effect, where the party is being drastically weakened to the point there will be few people out in the hustings to help in the next general election. No one expects PKR to be able to improve upon its 31 MPs next general election. Public statements by deputy president Nurul Izzah that PKR will win 13 seats in the coming Sabah state election just has a hollow ringing.

Its was almost certain that Anwar would run a full term as prime minister, having the opportunity during his tenure as prime minister to win the hearts and minds of voters. This is beginning to look it won’t be the case. Indian, Chinese, and professional Malay voters are deserting him very quickly. There is a great possibility PKR will be decimated and hold less than 20 seats in the next general election just two years time. PKR as a party will be little more than a memory of a glorious past.

Kamsiah Haider

Let’s get real: the idea that PKR is “collapsing” and Anwar is politically finished is more wishful thinking than grounded reality.

Yes, PKR — like any ruling party — is facing internal friction, member fatigue, and public pressure. That’s called being in government. And while not every reform promise has been fulfilled overnight, let’s not forget: PKR and the unity government inherited a fractured nation, a sluggish economy, and deep systemic problems. Rebuilding trust and institutions takes more than a few press statements and political slogans.

Citing "chat group" chatter and branch resignations as definitive proof of collapse is hardly credible. Political parties go through waves — and PKR is no exception. Disillusionment is natural when expectations are sky-high. But to equate low turnout in internal elections with mass desertion is a leap. Apathy doesn’t mean collapse — it means people are frustrated. That’s the moment for leadership, not obituary writing.

Let’s talk about Rafizi. His departure from the Cabinet and subsequent statements don’t necessarily signal a breakdown — they reflect the healthy tensions of a democratic coalition. Dissent isn’t doom. As for Nurul Izzah, mocking her for raising indigenous issues in Sarawak while claiming she's irrelevant to party affairs is a contradiction — it shows she’s doing what leaders should: advocating for national issues beyond party lines.

The claim that “there are no reforms” and “no rising stars” is simply false. Reforms are happening — perhaps not as fast or as dramatic as some want — but changes in subsidy policy, institutional independence, and administrative transparency are moving, albeit carefully. And we do see new faces rising — maybe not populist firebrands, but technocrats, legislators, and civil society voices engaging with the system rather than tearing it down from the sidelines.

As for the fixation on the Yusoff Rawther case: dragging up old allegations during every political dip is an exhausted tactic. Let the courts handle it — not WhatsApp forwards.

If the unity government was as weak as some claim, it would have already unraveled. Yet here we are — with Anwar still leading diplomatically, tackling difficult policy reforms at home, and holding together a coalition of historical rivals.

No one said reforming Malaysia would be easy or smooth. But to write PKR off as a party of the past is premature and deeply underestimates the resilience of both the party and its leadership.

So no, PKR isn’t collapsing — it’s navigating real governance. And that’s a lot harder than shouting from the outside.

Wednesday, 2 July 2025

See the caring difference between Malaysia and Singapore prime ministers?

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No News Is Bad News

 Two prime ministers who show a vast difference in caring for their rakyat dan negara (people and country).

See the caring difference between Malaysia and Singapore prime ministers?

KUALA LUMPUR, July 2, 2025: Singaporeans are not only getting a price cut in electricity tariff, the senior citizens can claim S$800 SG60 vouchers from yesterday.

Adults are to get S$600 in vouchers from July 22.

What are Malaysians getting from Prime Minister Anwar Ibrahim’s Unity Government (UG)?

The “caring” UG is slapping higher power tariffs that will result in a domino effect on inflation.

They also will suffer higher living costs like putting the avocado and food beyond the reach of the lower income and senior citizens through multiple taxes.

No News Is Bad News reproduces below a Straits Times report on how the island republic government is doing all it can to reduce the burden on cost of living of Singaporeans and the opposite of what the UG is doing:

Seniors can claim $800 SG60 vouchers from July 1; adults to get $600 in vouchers from July 22

Each person will also receive in the mail an SG60 postcard containing a message from Prime Minister Lawrence Wong and a QR code that can be scanned to claim the vouchers.

ST PHOTO: CHONG JUN

Published Jul 01, 2025, 10:30 AM

Updated Jul 01, 2025, 07:28 PM

SINGAPORE – Singaporean seniors aged 60 and above can now claim $800 worth of SG60 vouchers, while adults aged between 21 and 59 will be able to claim $600 worth of the same vouchers from July 22.

Unlike CDC vouchers, which are issued to households, these one-off vouchers to celebrate Singapore’s 60th year of independence are for individual Singaporeans. They are part of a broader SG60 Package announced at Budget 2025 by Prime Minister Lawrence Wong.

Seniors can claim their vouchers at  from 10am on July 1, while other adults can do so from 10am on July 22.

The vouchers can be used at all businesses that accept CDC vouchers and are valid till Dec 31, 2026.

In total, some three million adults will get the vouchers, which are estimated to cost the Government a total of $2.02 billion. 

“The SG60 vouchers are our way of recognising the contributions of all Singaporeans in our nation-building journey,” said PM Wong in a social media post on July 1.

Each person will also receive in the mail an SG60 postcard designed by differently abled artists. The postcard contains a message from PM Wong and a QR code that can be scanned to claim the vouchers.

Seniors will get to claim their vouchers first “in appreciation of their longstanding contributions to Singapore’s growth and success”, said the Community Development Council in a statement on July 1.

This earlier roll-out will also ensure that seniors can get dedicated help to claim their vouchers.

The claim and spend process for SG60 Vouchers is the same as that for CDC vouchers – upon claiming the vouchers, the individual will receive an SMS link from “gov.sg”.

Those who need help to claim their vouchers can get assistance at community centres and clubs (CCs), and at SG Digital Community Hubs.

In the first two weeks of the launch until July 11, about 200 volunteers from public agencies and schools such as ITE College West, Nanyang Polytechnic and Tampines Meridian Junior College will be stationed at selected CCs alongside CDC ambassadors to assist residents.

Half of the vouchers – $400 for seniors and $300 for adults – can be used at participating supermarkets, and the other half at participating hawker stalls and heartland merchants.

This covers some 23,000 heartland shops and hawkers, and eight supermarket chains that have over 400 outlets all over Singapore. They are Ang Mo Supermarket, Cold Storage, Giant Singapore, Hao Mart, FairPrice, Prime Supermarket, Sheng Siong and U Stars Supermarket.

The SG60 vouchers will support Singaporeans in defraying cost-of-living pressures, Ms Low Yen Ling, Senior Minister of State for Trade and Industry, and Culture, Community and Youth, told reporters at a briefing on the voucher scheme on June 25.

Around $1 billion worth of SG60 vouchers will also “go some way (towards) supporting our heartland shops and hawkers in increasing footfall and also sales”, she noted.

Participating merchants can be found at go.gov.sg/sg60voucher

 

Ms Low, who is also the chairwoman of the mayors’ committee, said: “The 1½ years of validity period (of the vouchers) will give all Singaporeans greater flexibility to pace, use and spend their SG60 vouchers gradually.”

The SG60 vouchers are part of a slew of SG60 goodies announced by PM Wong at Budget 2025. Other initiatives include a personal income tax rebate, a gift for babies born this year, and $100 in SG Culture Pass credits for every Singaporean aged 18 and above in 2025. 

In 2025, Singaporean households also received $300 worth of CDC vouchers in January, and $500 worth of CDC vouchers in May. These are valid till Dec 31, 2025.

Anjali Raguraman is a correspondent at The Straits Times. She covers politics, as well as consumer stories spanning tourism, retail and F&B.

Tuesday, 1 July 2025

Malaysia raises power tariffs, but Singapore does the opposite! Does it make any sense?

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No News Is Bad News

Malaysia raises power tariffs, but Singapore does the opposite! Does it make any sense?

KUALA LUMPUR, July 2, 2025: Malaysia’s Madani Unity Government (UG) is raising electricity and gas prices but Singapore is doing the opposite.

While Singapore, an island republic which has zero natural resources, is justifying a 2.3% drop in tariffs for households due to lower energy and fuel costs, what is Prime Minister Anwar Ibrahim’s justification for “punishing” Malaysians?

Tenaga Nasional Berhad (TNB)’s net profit for the first quarter ended March 31, 2025 (1QFY2025) rose nearly 48% to RM1.1 billion from RM715.7 million a year earlier.

In Financial Year 2024, TNB’s total net profit surged nearly 70% to RM4.69 billion – its highest since Financial year 2018!

There is absolutely no justification whatsoever for making Malaysians pay more for electricity.

It sure looks like Anwar and UG need to force Malaysians to pay for corruption (read as 1Malaysia Development Berhad) and for aide to foreigners (read as Palestinians).

That’s UG’s skewered care for Malaysian needs and their socio-economic misery.

No News Is Bad News reproduces below a Finance Twitter damning report on Anwar and UG on raising electricity tariffs as re-posted by The Coverage:

News

Singapore Electricity & Gas Prices Drops – But The Opposite Happens In Malaysia When TNB Net Profit Surged Nearly 70%

1 July, 2025

 

According to Finance Twitter , households in Singapore have reasons to smile from July to September due to lower energy and fuel costs – a drop in electricity and gas prices. Electricity bills will decrease by 0.65 cent per kilowatt-hour (kWh), while gas prices will fall by 0.44 cent per kWh. This comes after grid operator SP Group announced on June 30, 2025 that the electricity tariff for households will drop 2.3%.

Essentially, an average four-room Housing Board household may see a S$2.36 drop in its monthly electricity bill. Meanwhile, City Energy, the producer and retailer of piped gas, announced that the gas tariff will drop from 22.72 cents per kWh to 22.28 cents per kWh due to lower fuel costs, compared with the previous quarter.

SP Group and City Energy review their respective electricity and gas tariffs every quarter based on guidelines set by the electricity and gas industry regulator – Energy Market Authority. Each quarter, the energy cost component of the electricity tariff and the fuel cost component of the gas tariff use the average natural gas prices and the average fuel prices in the first 2½ months in the preceding quarter. 

While the savings from the decreases in electricity and gas may be small, it nevertheless shows a caring government that transparently returns the benefits of lower commodities to consumers. But that’s not all. More than 950,000 Singaporean Housing Board households will receive rebates to their utility and conservancy bills in July, as part of a government scheme to help them with the cost of living.

Depending on their HDB flat type, eligible households will receive up to S$190 (RM627) in U-Save rebates for their utility bills, and a maximum of a month of rebates for their service and conservancy charges (S&CC). The rebates are disbursed every three months – in April, July, October and January – each year to help lower- and middle-income households cope with the increasing cost of living.

In total, eligible Singaporean HDB households will receive up to US$760 (RM2,510) in U-Save rebates for the financial year from April 2025 to March 2026. Meanwhile, eligible households can expect to receive a total of up to 3.5 months of S&CC rebates in the same period. To be eligible for the U-Save rebate, there must be at least one Singaporean owner or occupier in the household if the flat is partially rented or not rented out.

However, the opposite is happening in neighbouring Malaysia. In Peninsular Malaysia, the base electricity tariff is set to increase by 14.2% starting July 1, 2025, moving from 39.95 sen/kWh to 45.62 sen/kWh, according to Tenaga Nasional Berhad (TNB). Hilariously, the government of Anwar Ibrahim argued that the hike is necessary to reflect the higher fuel costs.

Even though Malaysia’s base electricity tariff now exceeds that of Vietnam and Indonesia, the Anwar administration still argues the need to rationalise subsidies due to fiscal constraints. Likewise, Tenaga, the utility giant that operates and monopolizes the power grid in the country, pointed to higher fuel costs assumption – coal and gas – as the main reason for the increment.

However, Tenaga as well as Prime Minister Anwar Ibrahim, who is also the Finance Minister, cannot explain why Malaysian consumers always suffer endless higher electricity tariffs, but Singaporean consumers get to enjoy a lower rate. While PM Anwar has said the tariff adjustment is not expected to affect 85% of households, which reportedly consume 20% of the electricity supply, the chain reaction is another story.

Regardless of size, businesses affected by the increase in electricity hikes are set to pass down the cost of doing business to consumers. Mr Anwar tried – and failed – to reassure the business community on February 3 that the electricity price increase would not be 14%. He said a “small increase” was necessary to generate additional revenue for the government to fund public utilities.

Worse, he tried to hoodwink the people that his government needed to increase revenue by imposing higher tariffs so that he could improve education quality. He also insulted the people’s intelligence with an excuse that the electricity tariff hike would apply only to the industrial sector and the wealthy, pretending that the extra costs would not be passed down to poor consumers.

But not all business leaders appear to be convinced. Speaking to the audience before Mr Anwar at a Chinese New Year celebration on Feb 3, the president of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), Mr Ng Yih Pyng, urged that economic and subsidy reforms be implemented gradually, to avoid disrupting markets and businesses.

“Given the accumulation of additional operating costs, we sincerely urge the government to maintain electricity tariffs at current levels throughout 2025-2026, to ease the financial burden on businesses and mitigate inflationary pressures from increased operating costs,” – said Mr Ng, who represents the ACCCIM’s 110,000 members. 

Representing more than 4,000 manufacturing and industrial companies, FMM (Federation of Malaysian Manufacturers) president Soh Thian Lai similarly complained that the government should maintain the current electricity tariff as the sector faces other challenges such as a service tax hike for logistics, additional costs for e-invoicing, and the upcoming EPF contributions for foreign workers.

The latest electricity hike isn’t the first daylight robbery though. In December 2024, after getting the nod from the government, Tenaga Nasional announced that the base tariff will be raised from 39.95 sen per kWh in the 2022 to 2024 period, to 45.62 sen per kWh in the 2025 to 2027 period, from July 1, 2025. In fact, the base tariff has been steadily increasing from 38.53 sen per kwh in the 2015 to 2017 period.

The best part is Tenaga Nasional Berhad’s net profit for the first quarter ended March 31, 2025 (1QFY2025) rose nearly 48% to RM1.1 billion from RM715.7 million a year earlier. Revenue for the quarter grew 17.6% to RM16 billion from RM13.64 billion last year, driven by a 17.5% increase in electricity sales – attributed to regulatory adjustments under the incentive-based regulation framework.

In Financial Year 2024, Tenaga’s total net profit surged nearly 70% to RM4.69 billion – its highest since Financial year 2018, boosted by gains in foreign exchange translation and higher electricity sales, not to mention higher tariff rates. Total revenue increased by 6.9% to RM56.74 billion. Of course, “Robin Hood” Anwar tried to hide this fact as he can’t explain why the people must pay more so that Tenaga can profits more.

Source : Finance Twitter

Tuesday, 1 July 2025

Malaysia raises power tariffs, but Singapore does the opposite! Does it make any sense?

Share to help stimulate good governance, ensure future of people & M’sia

No News Is Bad News

Malaysia raises power tariffs, but Singapore does the opposite! Does it make any sense?

KUALA LUMPUR, July 2, 2025: Malaysia’s Madani Unity Government (UG) is raising electricity and gas prices but Singapore is doing the opposite.

While Singapore, an island republic which has zero natural resources, is justifying a 2.3% drop in tariffs for households due to lower energy and fuel costs, what is Prime Minister Anwar Ibrahim’s justification for “punishing” Malaysians?

Tenaga Nasional Berhad (TNB)’s net profit for the first quarter ended March 31, 2025 (1QFY2025) rose nearly 48% to RM1.1 billion from RM715.7 million a year earlier.

In Financial Year 2024, TNB’s total net profit surged nearly 70% to RM4.69 billion – its highest since Financial year 2018!

There is absolutely no justification whatsoever for making Malaysians pay more for electricity.

It sure looks like Anwar and UG need to force Malaysians to pay for corruption (read as 1Malaysia Development Berhad) and for aide to foreigners (read as Palestinians).

That’s UG’s skewered care for Malaysian needs and their socio-economic misery.

No News Is Bad News reproduces below a Finance Twitter damning report on Anwar and UG on raising electricity tariffs as re-posted by The Coverage:

News

Singapore Electricity & Gas Prices Drops – But The Opposite Happens In Malaysia When TNB Net Profit Surged Nearly 70%

1 July, 2025

 

According to Finance Twitter , households in Singapore have reasons to smile from July to September due to lower energy and fuel costs – a drop in electricity and gas prices. Electricity bills will decrease by 0.65 cent per kilowatt-hour (kWh), while gas prices will fall by 0.44 cent per kWh. This comes after grid operator SP Group announced on June 30, 2025 that the electricity tariff for households will drop 2.3%.

Essentially, an average four-room Housing Board household may see a S$2.36 drop in its monthly electricity bill. Meanwhile, City Energy, the producer and retailer of piped gas, announced that the gas tariff will drop from 22.72 cents per kWh to 22.28 cents per kWh due to lower fuel costs, compared with the previous quarter.

SP Group and City Energy review their respective electricity and gas tariffs every quarter based on guidelines set by the electricity and gas industry regulator – Energy Market Authority. Each quarter, the energy cost component of the electricity tariff and the fuel cost component of the gas tariff use the average natural gas prices and the average fuel prices in the first 2½ months in the preceding quarter. 

While the savings from the decreases in electricity and gas may be small, it nevertheless shows a caring government that transparently returns the benefits of lower commodities to consumers. But that’s not all. More than 950,000 Singaporean Housing Board households will receive rebates to their utility and conservancy bills in July, as part of a government scheme to help them with the cost of living.

Depending on their HDB flat type, eligible households will receive up to S$190 (RM627) in U-Save rebates for their utility bills, and a maximum of a month of rebates for their service and conservancy charges (S&CC). The rebates are disbursed every three months – in April, July, October and January – each year to help lower- and middle-income households cope with the increasing cost of living.

In total, eligible Singaporean HDB households will receive up to US$760 (RM2,510) in U-Save rebates for the financial year from April 2025 to March 2026. Meanwhile, eligible households can expect to receive a total of up to 3.5 months of S&CC rebates in the same period. To be eligible for the U-Save rebate, there must be at least one Singaporean owner or occupier in the household if the flat is partially rented or not rented out.

However, the opposite is happening in neighbouring Malaysia. In Peninsular Malaysia, the base electricity tariff is set to increase by 14.2% starting July 1, 2025, moving from 39.95 sen/kWh to 45.62 sen/kWh, according to Tenaga Nasional Berhad (TNB). Hilariously, the government of Anwar Ibrahim argued that the hike is necessary to reflect the higher fuel costs.

Even though Malaysia’s base electricity tariff now exceeds that of Vietnam and Indonesia, the Anwar administration still argues the need to rationalise subsidies due to fiscal constraints. Likewise, Tenaga, the utility giant that operates and monopolizes the power grid in the country, pointed to higher fuel costs assumption – coal and gas – as the main reason for the increment.

However, Tenaga as well as Prime Minister Anwar Ibrahim, who is also the Finance Minister, cannot explain why Malaysian consumers always suffer endless higher electricity tariffs, but Singaporean consumers get to enjoy a lower rate. While PM Anwar has said the tariff adjustment is not expected to affect 85% of households, which reportedly consume 20% of the electricity supply, the chain reaction is another story.

Regardless of size, businesses affected by the increase in electricity hikes are set to pass down the cost of doing business to consumers. Mr Anwar tried – and failed – to reassure the business community on February 3 that the electricity price increase would not be 14%. He said a “small increase” was necessary to generate additional revenue for the government to fund public utilities.

Worse, he tried to hoodwink the people that his government needed to increase revenue by imposing higher tariffs so that he could improve education quality. He also insulted the people’s intelligence with an excuse that the electricity tariff hike would apply only to the industrial sector and the wealthy, pretending that the extra costs would not be passed down to poor consumers.

But not all business leaders appear to be convinced. Speaking to the audience before Mr Anwar at a Chinese New Year celebration on Feb 3, the president of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), Mr Ng Yih Pyng, urged that economic and subsidy reforms be implemented gradually, to avoid disrupting markets and businesses.

“Given the accumulation of additional operating costs, we sincerely urge the government to maintain electricity tariffs at current levels throughout 2025-2026, to ease the financial burden on businesses and mitigate inflationary pressures from increased operating costs,” – said Mr Ng, who represents the ACCCIM’s 110,000 members. 

Representing more than 4,000 manufacturing and industrial companies, FMM (Federation of Malaysian Manufacturers) president Soh Thian Lai similarly complained that the government should maintain the current electricity tariff as the sector faces other challenges such as a service tax hike for logistics, additional costs for e-invoicing, and the upcoming EPF contributions for foreign workers.

The latest electricity hike isn’t the first daylight robbery though. In December 2024, after getting the nod from the government, Tenaga Nasional announced that the base tariff will be raised from 39.95 sen per kWh in the 2022 to 2024 period, to 45.62 sen per kWh in the 2025 to 2027 period, from July 1, 2025. In fact, the base tariff has been steadily increasing from 38.53 sen per kwh in the 2015 to 2017 period.

The best part is Tenaga Nasional Berhad’s net profit for the first quarter ended March 31, 2025 (1QFY2025) rose nearly 48% to RM1.1 billion from RM715.7 million a year earlier. Revenue for the quarter grew 17.6% to RM16 billion from RM13.64 billion last year, driven by a 17.5% increase in electricity sales – attributed to regulatory adjustments under the incentive-based regulation framework.

In Financial Year 2024, Tenaga’s total net profit surged nearly 70% to RM4.69 billion – its highest since Financial year 2018, boosted by gains in foreign exchange translation and higher electricity sales, not to mention higher tariff rates. Total revenue increased by 6.9% to RM56.74 billion. Of course, “Robin Hood” Anwar tried to hide this fact as he can’t explain why the people must pay more so that Tenaga can profits more.

Source : Finance Twitter