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‘It’s high time for tobacco tax’
PETALING JAYA: The taxes levied on cigarettes and tobacco products at all duty-free islands and zones is the right move as it will reduce demand for these products, say anti-smoking groups.
Tobacco firms welcome measures to disrupt illegal cigarette supply
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.
Malaysia's major trade associations support Govt's decision to reopen economy
PETALING JAYA: The Federal Government's decision to allow the majority of businesses to resume operations under the conditional movement control order (MCO) has the support of 59 Malaysian chambers of commerce and industry associations.
JTI hopes task force will smoke out illicit trade
PETALING JAYA: JT International Bhd (JTI) hopes the multi-agency approach taken by the government to curb illegal cigarette trading in the country will be successful in their mission.
Tobacco firms combat falling sales
PETALING JAYA: Tobacco companies are aggressively strategising to compete in a tough market environment in the wake of thinning margins, influx of illicit cigarettes and rapid growth of the illegal vaping segment.
Industry players and CEOs give their views
Chief executive officers and industry players generally regard the budget as one that should address the challenges faced by the rakyat. Below are their comments
Second largest tobacco firm in Malaysia may cut 40% of workers
PETALING JAYA: The second largest tobacco company in the country will be undertaking a significant downsizing exercise, just two years after it shut down its manufacturing plant.
Illicit cigarettes, vape bleed M’sia
KUALA LUMPUR: Malaysia has the unenviable honour of sitting on the throne of the highest level of illegal cigarettes in the world. The country loses RM6bil in total every year
BAT not affected by higher tobacco imports
PETALING JAYA: The higher tobacco imports is not expected to have much impact on British American Tobacco (M) Bhd’s (BAT) bottom line, said CGS-CIMB.
Malaysia is world No.1 consumer of illegal ciggies
KUALA LUMPUR: Malaysia has become the largest consumer of illegal cigarettes with over 12 billion sticks sold last year.
