Firstly, the implementation of the 20 sen/kWh industry cost past through (ICPT) surcharge on industrial and commercial users for the first half of 2023.
Secondly, starting on Feb 1, 2025, the minimum wage was increased by 13 percent from RM1,500 to RM1,700/month.
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Thirdly, the service tax increased from six to eight percent in 2024, and its scope was expanded to cover more economic sectors, including parts of the logistics sector for B2B services.
Fourthly, a much overdue increase in the water tariffs took place in 2024.
2025 will likely see further increases in the cost of doing business because of...