|COVID–19 NEWS||COVID: Malaysia records increase in new cases, fatalities - Dr Noor Hisham | New COVID-19 cases drop 5.2 pct last week - Health Dg | Witness still COVID-19 positive, Ahmad Zahid's corruption trial postponed | Japan's daily COVID cases top 180,000, set fresh record amid 7th wave | Canada approves first coronavirus vaccine for 6-month to 5-year-olds ||
KUALA LUMPUR, June 25 (Bernama) -- The Federation of Malaysian Manufacturers (FMM) welcomes the government’s decision not to pass through a higher surcharge rate to consumers despite the sharp increase in fuel and other electricity generation costs.
President Tan Sri Soh Thian Lai said FMM is pleased that the government had positively considered its call for assistance to help curb one of the industries’ major operational input costs, that is energy cost.
“The government’s decision to absorb the cost of fuel price which amounts to RM5.8 billion and hence maintain the Imbalance Cost Pass-Through (ICPT) surcharge at the current rate as well as to maintain the current water tariff would ease the cost management of utilities during this challenging period," he said in a statement today.
FMM hopes that the government would continue to engage industry should there be any potential higher ICPT surcharge in the future given the uncertainty in the global market and volatility of energy prices, Soh added.
Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial