Latest update: Ong at the briefing on automotive incentive application. With him is Malaysian Automotive Association president Datuk Aishah Ahmad.
KUALA LUMPUR: The International Trade and Industry Ministry (Miti) might be looking towards a reduction in excise duties for vehicles, which will, in turn, result in a reduction in car prices.
While there may be less revenue for the government from a reduction in excise duties, this can be compensated by a larger sales volume.
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