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The Government will impose windfall tax on oil palm companies starting July 1.
Blue chips led by plantations and banking stocks fell sharply in early trade Thursday in a knee-jerk reaction to the government's withdrawal of the bulk of subsidies for fuel under a restructuring exercise to cope with record high oil prices.hr noshade size=1 width=50%>
The Government announced Wednesday an increase in petrol and diesel prices, stating that it can no longer continue to subsidise fuel.