KUALA LUMPUR, Jan 15 — The Malaysian Plastics Manufacturers Association (MPMA) has expressed disappointment with the government’s decision to maintain the Imbalance Cost Pass Through (ICPT) surcharge at 17 sen per kilowatt-hour for the medium and heavy industrial users for the first half of this year.

In a statement today, MPMA president CC Cheah said that the approximately 40 per cent increase in electricity tariff will lead to a net increase of between 2 per cent and 8 per cent in plastics manufacturing costs compared to the previous year.

Source: Malay Mail