Latest news with #TenagaNasionalBerhad
Malay Mail
10 hours ago
- Business
- Malay Mail
‘We collect taxes to return them to the people': PM justifies SST expansion, says Malaysians to benefit through welfare aid
PUTRAJAYA, June 20 — Prime Minister Datuk Seri Anwar Ibrahim has today assured the public that his administration's fiscal reform will not compromise the welfare of the majority. Speaking to Finance Ministry staff, he said that broadening the tax base by expanding the Sales and Services Tax (SST) will instead allow Putrajaya to enhance its assistance and services for Malaysians. 'In Malaysia, subsidies are given to everyone, even foreigners, those who don't pay taxes, and the wealthy earning RM1 million a month receive electricity subsidies,' he said in his speech at the Finance Ministry monthly assembly here. 'What we're doing now is removing those subsidies, making them pay the actual cost while allowing Tenaga Nasional Berhad to earn a reasonable profit. Through this, we save RM4 billion. 'And what is that RM4 billion for? It goes to the schools and hospitals,' he added. Anwar cited targeted aid initiatives such as the Rahmah Cash Aid (STR) and Sumbangan Asas Rahmah (SARA) as key examples of how public funds are being channelled back to those who need them most. 'What are we collecting billions in taxes for? As everyone knows, the total allocation for STR and SARA amounts to RM13 billion and benefits nine million people. 'So this is our reasoning, we collect these taxes and return them to the people,' he said. Anwar also said that the Ministries of Education and Health have received increased allocations in the current budget as part of efforts to enhance the country's education and healthcare systems. 'That's why in deciding on this matter, we need to look at it from a macro perspective. If we look at past budgets, there were some good elements, but the significant increase in allocations for health and education reflects our priorities,' he said. Earlier this month, the Ministry of Finance announced the implementation of revised SST rates and expanded scope of the Service Tax effective July 1, 2025 to strengthen the country's fiscal position by increasing revenue and broadening the tax base. However, the announcement has since faced criticism from various quarters, with calls to delay its implementation over concerns that it could worsen the cost of living and place additional pressure on small businesses amid fragile economic conditions.
Malay Mail
11 hours ago
- Business
- Malay Mail
‘We collect taxes to return them to the people': PM justifies SST expansion, says Malaysians to benefit through welfare benefits
PUTRAJAYA, June 20 — Prime Minister Datuk Seri Anwar Ibrahim has today assured the public that his administration's fiscal reform will not compromise the welfare of the majority. Speaking to Finance Ministry staff, he said that broadening the tax base by expanding the Sales and Services Tax (SST) will instead allow Putrajaya to enhance its assistance and services for Malaysians. 'In Malaysia, subsidies are given to everyone, even foreigners, those who don't pay taxes, and the wealthy earning RM1 million a month receive electricity subsidies,' he said in his speech at the Finance Ministry monthly assembly here. 'What we're doing now is removing those subsidies, making them pay the actual cost while allowing Tenaga Nasional Berhad to earn a reasonable profit. Through this, we save RM4 billion. 'And what is that RM4 billion for? It goes to the schools and hospitals,' he added. Anwar cited targeted aid initiatives such as the Rahmah Cash Aid (STR) and Sumbangan Asas Rahmah (SARA) as key examples of how public funds are being channelled back to those who need them most. 'What are we collecting billions in taxes for? As everyone knows, the total allocation for STR and SARA amounts to RM13 billion and benefits nine million people. 'So this is our reasoning, we collect these taxes and return them to the people,' he said. Anwar also said that the Ministries of Education and Health have received increased allocations in the current budget as part of efforts to enhance the country's education and healthcare systems. 'That's why in deciding on this matter, we need to look at it from a macro perspective. If we look at past budgets, there were some good elements, but the significant increase in allocations for health and education reflects our priorities,' he said. Earlier this month, the Ministry of Finance announced the implementation of revised SST rates and expanded scope of the Service Tax effective July 1, 2025 to strengthen the country's fiscal position by increasing revenue and broadening the tax base. However, the announcement has since faced criticism from various quarters, with calls to delay its implementation over concerns that it could worsen the cost of living and place additional pressure on small businesses amid fragile economic conditions.
Daily Express
4 days ago
- Business
- Daily Express
Asia Pacific now consumes half of global energy: PM
Published on: Monday, June 16, 2025 Published on: Mon, Jun 16, 2025 By: Larry Ralon Text Size: Filepic by Bernama KUALA LUMPUR: The Asia Pacific region now accounts for 50 per cent of total global energy consumption – a significant increase that highlights the need for a just, equitable and sustainable energy transition. In his keynote address at the opening of Energy Asia 2025 on Monday, Prime Minister Datuk Seri Anwar Ibrahim ( pic ) said that although regional energy demand continues to rise, the commitment to climate action remains firm. Advertisement 'Energy demand in the Asia Pacific surged in 2024, and we are only beginning to gain momentum,' he told an audience of industry leaders, policymakers and energy experts from across the region and beyond. He noted that Asia contributes 60 per cent of global carbon emissions, making it one of the largest emitters globally. However, he stressed that this growth must not be used to justify delaying climate action. He cited steps already taken by Asean nations, noting that eight out of ten member states have committed to net-zero carbon targets. At the recent COP28 summit, Asean members also pledged to help triple global renewable energy capacity to 11,000 gigawatts by 2030. Malaysia, he said, launched its National Energy Transition Roadmap (NETR) in 2023 to coordinate public and private efforts in meeting its Nationally Determined Contributions (NDCs) and building long-term energy resilience. 'This is not just a policy on paper, but a real roadmap outlining how Malaysia will move forward in a systematic and comprehensive way,' he said. Anwar acknowledged that financing remains a major challenge in achieving this transition. 'How can we deliver a just and inclusive energy transition if sufficient investment is not flowing into clean energy projects?' he asked. He revealed that Southeast Asia attracted only 2 per cent of total global clean energy investment in 2023, despite the region's renewable energy potential. He pointed out the region's diverse resources: Vietnam with wind, Laos with hydropower, Malaysia with solar, and Indonesia with geothermal – yet investment levels remain low. Malaysia, he said, is addressing this gap through policies such as the Corporate Renewable Energy Supply Scheme (CRESS) and the Green Technology Financing Scheme. He also highlighted the need to strengthen electricity grid infrastructure to support renewable growth. In this regard, he welcomed progress on the Asean Power Grid (APG) initiative, which has advanced with a new memorandum of understanding and a dedicated financing facility. Tenaga Nasional Berhad (TNB), Malaysia's national utility, has committed RM43 billion to grid upgrades, including the integration of artificial intelligence and battery energy storage systems. However, Anwar noted that fossil fuels still account for nearly 80 per cent of global energy supply and said a balanced approach is essential. He argued that decarbonisation efforts must be rooted in justice, warning that excluding vulnerable communities could worsen inequality. He said energy security must go beyond stable supply to include social justice and equitable access. 'In Asia, energy security is a prerequisite for development. We must ensure energy is accessible, reliable and affordable,' he said. To that end, he called for a pragmatic approach that combines renewables with low-carbon oil and gas solutions. Asean, he added, has shown readiness to pursue this path through the Carbon Capture and Storage (CCS) Deployment Framework and Roadmap. Malaysia has already passed the Carbon Capture, Utilisation and Storage Bill 2025 earlier this year. Petronas plans to develop three CCS hubs in Malaysian offshore waters, supporting both the oil and gas sector and other hard-to-abate industries. The Prime Minister said the initiative involves more than 10 international partners, including firms from Japan, South Korea, and global energy companies such as Total and Shell. Petronas is also working with Eneos, Mitsubishi and JX Nippon to explore the transport and storage of CO₂ from Tokyo Bay to Malaysia. He said CCS represents both a key decarbonisation method and a potential new source of revenue for the region. Anwar urged stakeholders to bring forward practical and implementable solutions to advance Asia's energy transition. Energy Asia 2025, held at the Kuala Lumpur Convention Centre, is themed 'Delivering Asia's Energy Transition' and gathers energy leaders from across the region and worldwide. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
5 days ago
- Business
- Yahoo
Tenaga Nasional Berhad's (KLSE:TENAGA) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?
Tenaga Nasional Berhad's (KLSE:TENAGA) stock up by 5.5% over the past three months. However, in this article, we decided to focus on its weak financials, as long-term fundamentals ultimately dictate market outcomes. Specifically, we decided to study Tenaga Nasional Berhad's ROE in this article. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Tenaga Nasional Berhad is: 8.2% = RM5.1b ÷ RM62b (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. That means that for every MYR1 worth of shareholders' equity, the company generated MYR0.08 in profit. Check out our latest analysis for Tenaga Nasional Berhad Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, Tenaga Nasional Berhad's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 8.2%. We can see that Tenaga Nasional Berhad has grown at a five year net income growth average rate of 2.4%, which is a bit on the lower side. Bear in mind, the company's ROE is not very high . So this could also be one of the reasons behind the company's low growth in earnings. Next, on comparing with the industry net income growth, we found that Tenaga Nasional Berhad's reported growth was lower than the industry growth of 7.5% over the last few years, which is not something we like to see. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Tenaga Nasional Berhad is trading on a high P/E or a low P/E, relative to its industry. Tenaga Nasional Berhad has a three-year median payout ratio of 74% (implying that it keeps only 26% of its profits), meaning that it pays out most of its profits to shareholders as dividends, and as a result, the company has seen low earnings growth. Moreover, Tenaga Nasional Berhad has been paying dividends for at least ten years or more suggesting that management must have perceived that the shareholders prefer dividends over earnings growth. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 62%. As a result, Tenaga Nasional Berhad's ROE is not expected to change by much either, which we inferred from the analyst estimate of 7.8% for future ROE. In total, we would have a hard think before deciding on any investment action concerning Tenaga Nasional Berhad. As a result of its low ROE and lack of much reinvestment into the business, the company has seen a disappointing earnings growth rate. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Tenaga Nasional Berhad's (KLSE:TENAGA) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?
Tenaga Nasional Berhad's (KLSE:TENAGA) stock up by 5.5% over the past three months. However, in this article, we decided to focus on its weak financials, as long-term fundamentals ultimately dictate market outcomes. Specifically, we decided to study Tenaga Nasional Berhad's ROE in this article. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Tenaga Nasional Berhad is: 8.2% = RM5.1b ÷ RM62b (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. That means that for every MYR1 worth of shareholders' equity, the company generated MYR0.08 in profit. Check out our latest analysis for Tenaga Nasional Berhad Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, Tenaga Nasional Berhad's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 8.2%. We can see that Tenaga Nasional Berhad has grown at a five year net income growth average rate of 2.4%, which is a bit on the lower side. Bear in mind, the company's ROE is not very high . So this could also be one of the reasons behind the company's low growth in earnings. Next, on comparing with the industry net income growth, we found that Tenaga Nasional Berhad's reported growth was lower than the industry growth of 7.5% over the last few years, which is not something we like to see. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Tenaga Nasional Berhad is trading on a high P/E or a low P/E, relative to its industry. Tenaga Nasional Berhad has a three-year median payout ratio of 74% (implying that it keeps only 26% of its profits), meaning that it pays out most of its profits to shareholders as dividends, and as a result, the company has seen low earnings growth. Moreover, Tenaga Nasional Berhad has been paying dividends for at least ten years or more suggesting that management must have perceived that the shareholders prefer dividends over earnings growth. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 62%. As a result, Tenaga Nasional Berhad's ROE is not expected to change by much either, which we inferred from the analyst estimate of 7.8% for future ROE. In total, we would have a hard think before deciding on any investment action concerning Tenaga Nasional Berhad. As a result of its low ROE and lack of much reinvestment into the business, the company has seen a disappointing earnings growth rate. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
