Another hike on cigarette tax. I guess sales for Gudang Garam is going to take a significant hike too!
“This huge tax hike, which is eight times the level of inflation, will no doubt further encourage consumers to down-trade to illegal and exceptionally low-priced cigarettes.”
An analyst at TA Securities said: “Such increases usually happen during the budget presentation. I didn’t expect it to be in-between budgets.”
The Star Online
You might want to read these too...
- Panel Hospitals for American International Assurance (AIA) Berhad
- TOP 50 Coolest Websites of 2006
- Money or Time?
- Merry Christmas and a Happy New Year
- Going Up!
- Console Wars
- Tips for Freelancers
- Shopping Spree
-
ali allah ditta
-
yowchuan
