British American Tobacco Malaysia (ROTH MK) is Malaysia’s largest tobacco company, selling cigarettes under the Dunhill, Rothmans, Pall Mall and Peter Stuyvesant brand names.
Looks there was a shift in government, however a pre budget 2022 statement was released and things are looking good.
33. The Government is committed in addressing the issue of revenue leakages,
especially involving the smuggling of high-duty goods estimated at
RM5 billion. As such, the Multi-Agency Working Group, chaired by the Ministry of
Finance to formulate strategies to curb smuggling activities, has been further
strengthened by the participation of the Malaysian Anti-Corruption Commission and
the National Financial Crime Prevention Centre.
34. The Government has also implemented measures to tighten controls on
licensing and importation of cigarettes and tobacco products by freezing the issuance
of new cigarette import licences, tightening the renewal of cigarette import licences
through the imposition of import quotas, restricting cigarette transhipment activities at
selected ports, and making cigarettes and tobacco products a dutiable item at all DutyFree Islands.
https://www.mof.gov.my/pdf/siaran-media/Pre-Budget-2022-Statement.pdf
Looks there was a shift in government, however a pre budget 2022 statement was released and things are looking good.
33. The Government is committed in addressing the issue of revenue leakages,
especially involving the smuggling of high-duty goods estimated at
RM5 billion. As such, the Multi-Agency Working Group, chaired by the Ministry of
Finance to formulate strategies to curb smuggling activities, has been further
strengthened by the participation of the Malaysian Anti-Corruption Commission and
the National Financial Crime Prevention Centre.
34. The Government has also implemented measures to tighten controls on
licensing and importation of cigarettes and tobacco products by freezing the issuance
of new cigarette import licences, tightening the renewal of cigarette import licences
through the imposition of import quotas, restricting cigarette transhipment activities at
selected ports, and making cigarettes and tobacco products a dutiable item at all DutyFree Islands.
https://www.mof.gov.my/pdf/siaran-media/Pre-Budget-2022-Statement.pdf