KUALA LUMPUR: Habib Jewels Sdn Bhd has absorbed the entire cost of the 6% goods and services tax (GST) to enable consumers to enjoy the prices of its jewellery at the pre-GST level.
Managing director Datuk Seri Meer Sadik Habib said that the company would absorb up to RM30mil from its earnings and planned to offset it by lowering costs and increasing efficiency.
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