PUTRAJAYA: The Cabinet has agreed for the price of gas sold to the energy sector to be reviewed earlier than the scheduled revision in June.
Energy, Water and Communications Minister Datuk Shaziman Abu Mansor said he had brought to the attention of the Cabinet the urgent need to look into the matter, and the possibility of reviewing electricity tariffs in the near future.
“A revision in electricity tariffs will have an effect on efforts to stimulate the economy,” he said in a statement yesterday.
Shaziman said the Cabinet had agreed to his ministry’s proposal for an earlier review of the price of gas to be conducted by the Economic Planning Unit (EPU).
He said EPU would be responsible for making recommendations and suggestions on the matter to the ministry before the issue was brought to the Cabinet.
He said if the EPU proposed a new price of gas, which would lead to a revision of electricity tariffs, his ministry would need three weeks to prepare the revised rates.
Shaziman said the Government was forced to review electricity tariffs last year due to the escalating prices of gas and coal.
On Monday, International Trade and Industry Minister Tan Sri Muhyiddin Yassin called for electricity tariffs to be brought down in view of lower global fuel prices.
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International Malaysia Law Conference (26 to 28 Sept 2012) Hurry up! The countdown continues and the current promotion rate ends 30 June 2012. Don't miss what is going to be the best conference in the region! On top of that, if you sign up with 5 or more people from the same organisation, we will give you a 10% group discount. Click on the link above to register.
Seminar on an Introduction to the Industrial Relations Act (23 May 2012) Organised by the Kuala Lumpur Bar Professional Development Committee, this seminar will take place at 3:00 pm, at the Kuala Lumpur Bar Auditorium, on 23 May 2012 (Wednesday). The seminar will be conducted by Wong Keat Ching. Click on the link above for more details.
Seminar on Tax Issues in Financial Transactions (25 May 2012) Organised by the Kuala Lumpur Bar Professional Development Committee, this seminar, featuring S Saravana Kumar, will take place at 3:00 pm, at the Kuala Lumpur Bar Auditorium, on 25 May 2012 (Friday). Click on the link above for more details.
Dialogue with Criminal Law Practitioners (26 May 2012) Organised by Bar Council, this dialogue will take place at 10:00 am to 12:00 pm, at the Raja Aziz Addruse Auditorium, Bar Council, on 26 May 2012 (Saturday). Click on the link above for more details.
Conference on Competition Law (31 May 2012) Organised by Bar Council with the support of LexisNexis, this conference will take place at 8:30 am to 4:00 pm, at Renaissance Kuala Lumpur Hotel, on 31 May 2012 (Thursday). For more details or to register, please contact Vilashini Vijayan (03-2050 2095; vila@malaysianbar.org.my). Click on the link above for more details.
Talk on What Clients Want (7 June 2012) Organised by the KL Bar Practitioners' Affairs Committee, the talk, presented by Ong Eu Jin, will take place at 5:00 pm, at the KL Bar Auditorium, on 7 June 2012 (Thursday). Click on the link above for more details.
4th LAWASIA Family Law Conference, Penang (13 and 14 July 2012) Supported by Penang Bar Committee and the Malaysian Bar, this conference, themed “The New Global Family: Emerging Trends and Challenges to Family Practice”, will take place at Traders Hotel, Penang, on 13 and 14 July 2012 (Friday and Saturday). Click on the link above for more details.
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Circular No 108/2012: Best Deals for International Malaysia Law Conference (26 to 28 Sept 2012)
