MALAYSIA’S TOBACCO SECTOR FIGHTING BACK AGAINST BOOM IN SMUGGLING
January 1st, 2013
Malaysia, already one of southeast Asia's leading economies, is aiming to become a developed country by 2020, and with expected economic growth at 4.6% in 2012, has the potential to become an increasingly significant market for tobacco products. However, due largely to sharp tax increases on tobacco products over recent years, the industry has suffered badly from a dramatic increase in smuggling. While there are some signs the problem may be easing it remains a priority for the Malaysian tobacco sector.Smoking prevalence among the adult population in Malaysia in ...
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