F&N to transfer GST savings to customers


KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) intends to transfer its savings from the implementation of the goods and services tax (GST) to customers.

Chief executive officer Lim Yew Hoe said this would be done in adherence to the Price Control and Anti-Profiteering Act so that its distributors and trade customers could potentially enjoy lower prices.

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