Malaysiakini NEWS

Gov't told to bite the bullet on power tariffs hike

Published:  |  Modified:

Malaysia can move faster towards the much sought target of a high-income economy under the New Economic Model if current cheap electricity rates, linked to subsidised gas, can come to an end, analysts said.

They said a prolonged dependency on inexpensive power will do more harm than good as domestic industries are relying too heavily on low production cost, made possible by subsidised gas, so as to compete in the world market...

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