PETALING JAYA: Higher prices will persist following the implementation of the Sales and Service Tax (SST), particularly for tobacco products and alcohol, whereby importers and manufacturers have planned to pass the tax down to consumers.
Sin stocks British American Tobacco (M) Bhd, Heineken Malaysia Bhd and Carlsberg Brewery Malaysia Bhd have implemented an industry-wide price increase as they traditionally do not absorb value-added taxes.
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