Nestle to absorb sugar tax


Impacted range: Aranols says the sugar tax mostly impacts the ready-to-drink products.

KUALA LUMPUR: Nestle (M) Bhd says most of its products will not be hit by the sugar tax imposed by the government effective July 1.

“Basically this little impact (of the sugar tax) that we have, we will find a way to absorb it. We will find a way to defend the price of our products so that the largest possible number of consumers can benefit from them. At this point, we are not increasing prices because of the sugar tax,” chief executive officer Juan Aranols said at the company’s Hari Raya open house yesterday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!

Nestle , absorb , sugar tax , consumers , benefit ,

   

Next In Business News

Malaysia aims to attract global unicorns via Unicorn Golden Pass - Rafizi
Keyfield soars to RM1.70/share on Main Market debut
Ringgit turns soft against US$ as volatility rises
Foreign outflow on Bursa Malaysia jumps to RM1.59bil net
FBM KLCI gains as recovery continues
Trading ideas: MISC, Maxis, Westports, Yinson, Scientex, Sime Darby Property, Gas Malaysia, Hextar Capital, PIE Industrial
Strategy to boost automotive industry
IJM Land unveils new township in Nibong Tebal with GDV of RM630mil
Approval for Sarawak’s two new deep sea ports
Sibur explores new ways of recycling plastic

Others Also Read