Also, the Imposition Cost Pass Through (ICPT) electricity rate hike from 3.7sen/kWh to 20sen/kWh for medium and high voltage users in Malaysia, coupled with the implementation of new Employment Act that increased the national minimum wage to RM1,500, as well as other rising operating costs in an inflationary environment are likely to impact the group’s operating costs. With the anticipated softer demand going forward, industry players may see difficulties in passing through higher costs amidst heightened competition.