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.