logo
Graph display on myTNB app restored

Graph display on myTNB app restored

Sinar Daily09-07-2025
TNB assures customers that this technical issue did not affect actual meter readings or the final billing for July.
In a statement, Tenaga Nasional Berhad (TNB) announced that the daily and monthly usage graph functions are now operating smoothly again following system repair work.
KUALA LUMPUR – The technical issue affecting the electricity usage graph display on the myTNB app for the month of July has been fully resolved.
In a statement, Tenaga Nasional Berhad (TNB) announced that the daily and monthly usage graph functions are now operating smoothly again following system repair work. In a statement, Tenaga Nasional Berhad (TNB) announced that the daily and monthly usage graph functions are now operating smoothly again following system repair work.
'TNB assures customers that this technical issue did not affect actual meter readings or the final billing for July.
'We will continue to monitor system performance to ensure a smooth and consistent user experience,' the utility provider said via the myTNB app's official Facebook page on Tuesday.
TNB also extended an apology for any confusion caused and expressed appreciation for customers' patience throughout the improvement process.
For further inquiries regarding the myTNB app, customers can reach out via Private Message (PM) on the TNB Careline Facebook page, Direct Message (DM) on X @Tenaga_Nasional, email at [email protected], or call the customer service line at 1300-88-5454.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

TNB Shares Slip At Mid-morning After RM840.1 Mln IRB Tax Notice
TNB Shares Slip At Mid-morning After RM840.1 Mln IRB Tax Notice

Barnama

timean hour ago

  • Barnama

TNB Shares Slip At Mid-morning After RM840.1 Mln IRB Tax Notice

BUSINESS KUALA LUMPUR, July 28 (Bernama) -- Tenaga Nasional Bhd's (TNB) shares slip at mid-morning trading after receiving a notice seeking an additional RM840.1 million in assessment for 2022 from the Inland Revenue Board (IRB). At 10.51 am, the counter fell 18 sen to RM13.42 with a total of 2.91 million shares traded. In a note today, CIMB Securities Bhd said the issue was due to the cumulative amount from notices seeking additional assessment for the years 2013–2021 of RM5.05 billion, net of remission of penalties and RM1.76 billion paid to IRB in December 2020, for 2016-2017, bringing the total to RM5.89 billion to date. 'We believe there is a risk that the IRB may also potentially issue a notice of additional assessment for 2023–2024. 'If TNB's 2023-2024 financial year capital expenditure provides any indication, we think the additional tax assessment for 2023–2024 could be around RM2 billion, which raises the total amount for 2013–2024 to nearly RM8 billion,' it said. The investment bank also said in light of the Federal Court's decision regarding a similar notice for 2018, TNB is currently evaluating its available legal options to address the issue. 'This evaluation takes into consideration that TNB has already applied for investment allowance (IA) under Schedule 7B of the Income Tax Act 1967 (including those for 2022) to the Finance Minister,' it said. Therefore, CIMB Securities has maintained a 'Buy' call on TNB with a target price of RM15.75 per share. On July 2, the Federal Court's final ruling allowed the IRB's appeal, overturning the decision by the High Court and the Court of Appeal, which had previously ruled in favour of TNB's judicial review application to set aside the notice of additional assessment amounting to RM1.25 billion for 2018.

TNB shares slip at mid-morning after RM840.1m IRB tax notice
TNB shares slip at mid-morning after RM840.1m IRB tax notice

Malay Mail

time2 hours ago

  • Malay Mail

TNB shares slip at mid-morning after RM840.1m IRB tax notice

KUALA LUMPUR, July 28 — Tenaga Nasional Bhd's (TNB) shares slip at mid-morning trading after receiving a notice seeking an additional RM840.1 million in assessment for 2022 from the Inland Revenue Board (IRB). At 10.51am, the counter fell 18 sen to RM13.42 with a total of 2.91 million shares traded. In a note today, CIMB Securities Bhd said the issue was due to the cumulative amount from notices seeking additional assessment for the years 2013–2021 of RM5.05 billion, net of remission of penalties and RM1.76 billion paid to IRB in December 2020, for 2016-2017, bringing the total to RM5.89 billion to date. 'We believe there is a risk that the IRB may also potentially issue a notice of additional assessment for 2023–2024. 'If TNB's 2023-2024 financial year capital expenditure provides any indication, we think the additional tax assessment for 2023–2024 could be around RM2 billion, which raises the total amount for 2013–2024 to nearly RM8 billion,' it said. The investment bank also said in light of the Federal Court's decision regarding a similar notice for 2018, TNB is currently evaluating its available legal options to address the issue. 'This evaluation takes into consideration that TNB has already applied for investment allowance (IA) under Schedule 7B of the Income Tax Act 1967 (including those for 2022) to the Finance Minister,' it said. Therefore, CIMB Securities has maintained a 'Buy' call on TNB with a target price of RM15.75 per share. On July 2, the Federal Court's final ruling allowed the IRB's appeal, overturning the decision by the High Court and the Court of Appeal, which had previously ruled in favour of TNB's judicial review application to set aside the notice of additional assessment amounting to RM1.25 billion for 2018. The Federal Court ruled that the applicable tax schedule for TNB should be 7B (IA), instead of Schedule 7A (reinvestment allowance). — Bernama

TNB assessing effect of tax ruling, says it will not affect performance
TNB assessing effect of tax ruling, says it will not affect performance

The Star

time6 hours ago

  • The Star

TNB assessing effect of tax ruling, says it will not affect performance

Petaling Jaya: Tenaga Nasional Bhd (TNB) is assuring Malaysians that its focus remains on its core mission and long-term priorities, with prudent financial management and consistent cash flow underpinning its operations. The national utility titan has been in the limelight this month, especially after the Federal Court ruling on July 2, in favour of the Inland Revenue Board (IRB) in TNB's 2018 tax dispute. The court decided that TNB should have applied for an investment allowance under Schedule 7B of the of the Income Tax Act 1967 rather than the reinvestment allowance under Schedule 7A. The technicality has significant implications for TNB's outstanding tax cases for other years, with total outstanding tax disputes being estimated at RM5.05bil, which represents about 6% of the group's market capitalisation. The High Court has granted leave to TNB, through its subsidiary TNB Western Energy Bhd, to commence a judicial review against the Inland Revenue Board (IRB) in relation to a tax assessment totalling RM291.6mil for 2018. In a filing to Bursa Malaysia on July 22, TNB said it was also granted an interim stay of all further proceedings, including the enforcement of the assessment notice. The High Court has scheduled case management on Aug 5. In light of the saga, TNB emphasised its robust financial strength and operational stability, underpinned by a strong regulated business framework, consistent cash flows, and prudent financial management. 'We remain steadfast in delivering reliable electricity supply to the nation while navigating evolving operational and financial landscapes. 'Guided by prudent management and a clear strategic direction, TNB continues to strengthen its fundamentals to weather challenges and drive Malaysia's energy transition agenda forward,' it says. In addition, it reveals it is continuing its pursuit of legitimate tax claims, which interestingly still includes the Investment allowance under Schedule 7B of the Income Tax Act 1967, as part of its strategy to manage the RM5.05bil tax bill. Acknowledging the effect of the hefty tax bill, the group is still in the midst of assessing the full financial implications of the Federal Court's ruling. This is all the more relevant, given TNB's profitable performance, which has ranged from RM600mil to RM1.2bil in the last five years, with the group recognising that the decision of the Federal Court could have a potential negative impact on its earnings and net assets for this year (FY25). Most importantly for the Malaysian public though, TNB stresses there is no reason for the ruling to affect the group's operational performance. 'We remain focused on delivering reliable electricity supply, advancing our long-term strategic priorities, including supporting Malaysia's energy transition, and managing our financial position responsibly. 'TNB continues to invest in Malaysia's energy future, with major projects under the National Energy Transition Roadmap (NETR) to deliver over 3,000MW of renewable energy capacity by 2040.' Furthermore, it said the tax bill is manageable relative to its cash reserves, minimising the risk to dividend payouts. Already shifting its focus to brighter scenes, the group said that it plays a pivotal role in enabling Malaysia's energy transition and supporting the goals outlined in the NETR. Its focus from this year to 2027 is on strengthening and modernising the National Grid, which TNB views as a critical enabler of the energy transition, particularly in supporting the higher renewable energy (RE) penetration targeted under the NETR. 'We are increasing our capital expenditure, with RM42.8bil approved to ensure our grid is reliable, resilient, and flexible enough to accommodate higher RE penetration and evolving energy demands, because we believe there is no transition without transmission.' Crucially, TNB has largely remained in the good books of analysts, with a handful of research houses keeping it among their 'buy' recommendations, including CIMB Research, Kenanga Research and Maybank Investment Bank Research. Nevertheless, CIMB Research, in its latest report on the utility company this month, conceded that more clarification from TNB regarding the potential financial impact from the IRB ruling, which some investors believe will only be clarified when the company releases its financial results for December. Specifically, the research house said it would find out how much of the IRB's cumulative notices of additional assessment may be offset by claiming for investment allowance under Schedule 7B, although it observed that TNB is currently still trading at a reasonable forecast enterprise value over earnings before interest, taxes, depreciation and amortisation of 7.6 times and offers decent FY25 to FY27 dividend yields of 3.1% to 3.8%.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store