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

• TOP 50 Coolest Websites of 2006
• Panel Hospitals for American International Assurance (AIA) Berhad
• Money or Time?
• Merry Christmas and a Happy New Year
• Tips for Freelancers
• Console Wars
• Going Up!
• World Cup 2010 Scorecard and Timetable (Malaysian Time)