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KUALA LUMPUR: British American Tobacco (M) Bhd posted a third straight quarter of operating profit growth, as its main cigarette brands Dunhill, Rothmans and KYO gained market shares in their respective segments.
Malaysia is raising tax revenue from its large informal economy. But how much can it reap?
PETALING JAYA: British American Tobacco (M) Bhd (BAT Malaysia) is selling its landmark cigarette factory in Petaling Jaya for RM218mil to LGB Properties (M) Sdn Bhd as the group winds down its manufacturing business in the country. The buyer for the site was selected via a public tender exercise.
KUALA LUMPUR: British American Tobacco (Malaysia) Bhd said its sales in the third quarter grew at a faster pace than the industry, boosted by demand for newly introduced cheaper brand KYO.
PETALING JAYA: Under Budget 2021, measures were announced to stop the tobacco black market and disrupt the supply of illegal cigarettes which have resulted in billions in lost tax revenue.
PETALING JAYA: British American Tobacco (M) Bhd (BAT Malaysia) hopes the upcoming Budget 2011 will continue to reflect a balanced, moderate and gradual excise increase regime as the previous year.