Malaysia - new tobacco tax should be positive for multinationals..


January 2, 2009 - Malaysia's new floor price of MYR6.40 ($1.86) for a pack of 20 cigarettes will be positive for the multinationals, according to Maybank Investment Bank Bhd, because it narrows the gap between extremely-low priced and value-or-money cigarettes.

The new minimum retail comes into effect on January 1. The new regulations, aimed at discouraging smoking among underage and lower-income consumers, will also prohibit promotional prices for cigarettes, although price discounts of not more than 5 percent are allowed up to three times a year.

Maybank noted the measure was unlikely to impact overall cigarette consumption, as contraband accounts for nearly 40 percent of Malaysian cigarette sales.

Reference: New Floor Price Augurs [good omen] Well for Industry, Source: Tobacco Reporter, TobaccoChina.com, 12/31/2009.

Malaysia - related news briefs:
Malaysia - youth and student smokers may not receive aid from government..;
Malaysia - two tobacco control regulations starting January 1, 2010..

Malaysia - about 368,000 teenager smokers in the country, 50-60 added per day..;
Malaysia - sale of cigarettes in packets of less than 20 prohibited as of June 1, 2010..;
Malaysia - stepping up efforts to curb the trade in illicit cigarettes..;
Malaysia - BAT plans to dispose of a parcel of industrial land..;
Malaysia - ban on cigarette sponsorship for sports will not be withdrawn..;
Malaysia - cigarette-shaped sweets packaged like cigarettes;
Malaysia - Penang consumer group ban cheap cigarettes and increase price on premium..;
Malaysia - Kelantin State Government may not promote staff who smoke..;
Malaysia - excise duty increased on tobacco - another increase could be coming this month..;
Malaysia - smoking limits your quality of life..;
Malaysia - smoking civil servants in Penang to receive free nicotine treatment..;
Malaysia - illicit cigarettes, BAT wants government to slow excise duty increases..;
Peninsular Malaysia - one of three cigarette packs is either contraband or fake..;
Komtar, Penang, Malaysia smoking ban strictly enforced..;
Malaysia student forced to smoke 40 cigarettes in two hours..
Malaysia - PSD and Cuepacs are at odds over the no-smoking rule at government de­­partments and agencies..;
Malaysia: Are tobacco control measures working? - WHO thinks so...;
Malaysia - slowdown in cigarette consumption..;
Malaysia - January 1, 2009 pictorial cigarette warnings..;
Malaysia to hike cigarette prices..;
Malaysia - 25% of all cigarettes sales are illegal...Peninsular Malaysia - one of three cigarette packs is either contraband or fake..;
Komtar, Penang, Malaysia smoking ban strictly enforced..;
Malaysia student forced to smoke 40 cigarettes in two hours..
Malaysia - PSD and Cuepacs are at odds over the no-smoking rule at government de­­partments and agencies..;
Malaysia: Are tobacco control measures working? - WHO thinks so...;
Malaysia - slowdown in cigarette consumption..;
Malaysia - January 1, 2009 pictorial cigarette warnings..;
Malaysia to hike cigarette prices..;
Malaysia - 25% of all cigarettes sales are illegal...

1 comments:

  celina

August 19, 2010 at 1:06 AM

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