Friday's Budget: Smokers likely to feel heat but drinkers may continue cheer


  • Business
  • Wednesday, 05 Oct 2011

PETALING JAYA: Analysts expect a moderate hike in tobacco excise duty but the brewery sector may be spared any tax increases in the upcoming Budget 2012 which will be tabled on Friday.

MIDF Research in a research report said it expected the tobacco industry to be subjected to a moderate duty hike of one to two sen per stick.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Miti: Semiconductor industry offers Malaysia chance for exponential growth
Ringgit slightly higher at the close
Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
FBM KLCI soars above 1,600, highest in over two years
Bursa Reach to bridge investor-remisier gap
BP profits drop to US$2.7bil, refinery outage offsets higher output

Others Also Read