Tenaga Nasional Bhd (TNB) saw weaker demand growth for electricity sales in its financial year ended Sept 31 (FY15), a signal of a slowing economy.
The national electricity company said yesterday demand growth had cooled down to 2.2% in FY15 compared with the 2.5% registered in the previous year.
It did not provide a projection for the current FY16, but said that demand is expected “to increase in tandem with the economy.”
The Government in presenting its budget for 2016 last week had projected the economy to grow at between 4% and 5% in 2016, boosted mainly by the expansion in the construction, services and manufacturing sectors.
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The national electricity company said yesterday demand growth had cooled down to 2.2% in FY15 compared with the 2.5% registered in the previous year.
It did not provide a projection for the current FY16, but said that demand is expected “to increase in tandem with the economy.”
The Government in presenting its budget for 2016 last week had projected the economy to grow at between 4% and 5% in 2016, boosted mainly by the expansion in the construction, services and manufacturing sectors.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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