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THE government has raised import and excise duty on tobacco products by 20% and liquor 10% effective yesterday in a move to promote a healthy life style and to curb social ills caused by addiction to smoking and drinking.
EVERY year, come budget time, we hear the same rally cries: cut corporate tax rate, more fiscal incentives to attract foreign direct investments (FDI), increase personal relief and tax rebates for the individual, and reduce import duties on key or essential goods, says Gan Kim Khoon, AmResearch Sdn Bhd executive director.
MANUFACTURED goods of Asean origin are already enjoying preferential rates of not more than 5% under the Asean Free Trade Area (Afta), except for cars. The Government had asked for a two-year extension (up to Jan 1, 2005) to include cars in the Afta scheme, but what exactly will happen to tariffs under Afta?
I HAVE been reading with interest the growing dispute between the Malaysian newspaper publishers and Malaysian Newsprint In- dustries (MNI), the country#146;s only newsprint producer.
THE Malaysian Newspaper Publishers Association (MNPA) has expressed opposition to the provisional steep anti-dumping import duty on newsprint, warning that newspaper publishers may have no alternative but to pass on part of the increased production costs to consumers.