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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: With its performance under pressure from cheaper illicit cigarettes, British American Tobacco (M) Bhd (BAT) has launched a nationwide campaign to intensify its fight against contraband tobacco in Malaysia.
PETALING JAYA: British American Tobacco (M) Bhd’s growth strategy for the financial year 2020 (FY20) will be dependent on the recovery of the legal tobacco market, regulated nicotine landscape, sensible fiscal policies as well as a resolution to the affordability issues affecting consumers.
PETALING JAYA: British American Tobacco (M) Bhd (BAT) registered a 42.7% year-on-year decline in net profit to RM50.8mil for the first quarter ended March 31, 2020.
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.