CGS-CIMB also pointed out that the legalisation of vaporisers in Malaysia, by way of taxing the products, will benefit British American Tobacco (Malaysia) Bhd (BAT) as this allows the company to expand its revenue base.

"We are excited about the imposition of excise duty on vaporisers in the Budget.

"With this news, BAT would finally be able to enter the burgeoning vape market, whose popularity has grown from virtually zero market share in 2017 to 9% in 4Q19. This, coupled with tighter enforcement, will allow BAT to expand its earnings base," the research house said.

"We are excited about the imposition of excise duty on vaporisers in the Budget.

"With this news, BAT would finally be able to enter the burgeoning vape market, whose popularity has grown from virtually zero market share in 2017 to 9% in 4Q19. This, coupled with tighter enforcement, will allow BAT to expand its earnings base," the research house said.

As part of efforts to ensure the sustainability of government's revenue, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, during his tabling of the Budget 2021 yesterday, announced that all electronic and non-electronic cigarettes including vaping devices will be subjected to a 10% excise tax effective January next year.

KUALA LUMPUR (Nov 6): Tobacco companies British American Tobacco (M) Bhd (BAT) and Japan Tobacco International Bhd (JTI Malaysia) have welcomed the government’s move to strengthen enforcement against the illegal cigarette trade under Budget 2021.

In a statement, JTI Malaysia managing director Cormac O’Rourke welcomed the strengthening of the Multi-Agency Task Force (MATF), with the participation of the Malaysian Anti-Corruption Commission (MACC) and the National Financial Crime Centre (NFCC), saying the task force is the right vehicle to combat the country’s black economy.

“We are particularly pleased with the announcement that cigarette transhipment activities will be limited to certain ports only. We have called on a ban on transhipment of tobacco products time and again, as this loophole has been exploited for years.

“At a time when the country is grappling with high levels of illegal trading, strong and consistent implementation and effective enforcement is key. These are necessary measures to address a key smuggling channel for contraband cigarettes which has resulted in the massive losses to the country over the years,” O’Rourke said.

Meanwhile, BAT managing director Jonathan Reed noted that the measures mentioned in the government’s expenditure plan will help disrupt the supply of illegal cigarettes into the country.

“We are thankful to the finance minister and the Malaysian government for acknowledging the severity of the tobacco black market and taking a bold step towards addressing this issue.

“High taxes on legitimate cigarettes have created a huge demand for cheap, illegal cigarettes. The tobacco black market not only causes the loss of billions of ringgit in uncollected tax, it also funds crime, fuels corruption and drives the youth smoking rate,” Reed said in a separate statement.

JTI Malaysia’s O’Rourke hailed the government’s move to not increase the excise tax for cigarettes, given that the illegal cigarette industry accounts for 64.5% of total market consumption. Any increase in duties would have negatively impacted the industry and its supply chain, particularly hurting retailers, he said.

Reed said that moving forward, measures put in place to enhance the enforcement against the contraband marker must be accompanied by excise reforms in order to really address Malaysia’s tobacco black market. He noted that the price gap between legal and illegal products is currently too wide, creating a situation that enforcement alone cannot address.

“Ultimately, we believe Malaysian consumers want to do the right thing. If given a viable opportunity to choose a legal alternative at a reasonable price, most would prefer not to put money in the hands of criminals,” said Reed.

O’Rourke agreed, saying: “With the Covid-19 pandemic pressuring all sectors of our economy, we hope the government will fast track the proper enforcement of laws and implementation of various key anti-illicit tobacco measures to better address the situation. Any recovery of lost tax revenues by Putrajaya will also help the government financially.”

Ketiga: Mengehadkan aktiviti transhipment rokok kepada pelabuhan tertentu sahaja;

Keempat: Mengenakan cukai dengan kemudahan pulang balik atau drawback ke atas semua rokok import bagi tujuan transhipment dan eksport semula;

Kelima: Tidak membenarkan aktiviti transhipment dan eksport semula rokok menggunakan bot kumpit

Keenam: Mengenakan cukai ke atas rokok dan produk tembakau di semua Pulau Bebas Cukai.

Pada tahun 2019, kajian mengenai rokok haram oleh Japan Tobacco International (JTI Malaysia) dilaporkan menganggarkan bahawa penjualan produk vape dan rokok haram yang tidak dikawal selia boleh menelan belanja kerajaan sekitar RM6 bilion.

"Mulai 1 Januari 2021, mengenakan cukai (harga penuh pasaran) ke atas rokok dan produk tembakau di semua Pulau Bebas Cukai Langkawi, Labuan, Tioman dan Pangkor,” kata Menteri Kewangan Tengku Zafrul Abdul Aziz.

Ketika membentangkan Belanjawan 2021 di Dewan Rakyat, dia turut mengumumkan langkah-langkah lain berhubung rokok adalah:

Pertama: Membekukan pengeluaran lesen import rokok baru;

Kedua: Memperketat pembaruan lesen import rokok melalui semakan semula syarat lesen termasuk mengenakan kuota import;

Bat management explain the 500 m loan is revolving credit ..
Lets understand wat izzit if u wan invest bat

Revolving Credit循环信贷指的是一种灵活的浮动利率贷款，类似于透支(overdraft)，借款人可以随时支用贷款和随时还款，并且在还款后又可以根据需要再次借款。需要支付的利息则根据实际借款的金额和时长来计算。对于借款人而言，相当于有了一个相当便捷的私人资金池，可随时支取金额，且无需银行每次审批。

某种程度上，revolving credit和信用卡（credit card）的运作方式是很相似的。 但是在根源上，revolving credit是基于不动产抵押贷款的产品，所以可享受浮动的房贷利率，比起其他抵押形式的贷款（车，生意，个人信用等），利率非常有优势

Sumthing positive going to happen

Hey larger stake holder of topglove mr Lim oso acquired stake in Tropicana ... when u wan buy Trop??? Second topglove in making hahaha

TheThird mayb PS5 controller or Nintendo tht kind big customer hahaha

oil go back to USD30 posibilities is low ...price now is USD45 ..Brent oil whether up or down in near term,plx think abt it ..brent oil where to go
very simple if u wanna play hibiscus ..not complicated

Wat the fcuk izzit?? Suddenly hainam winds

Today many medical stock freeze... so pasar uncle money wil come into scomnet hahaha

Big big customer Prototype is approved n machine start running for it ...
Boss hints it is world famous brand

10% Private placement to which big big boss tis a the reason why rocket frying... hehehe

Jnlee if everything Confirm ,r u sure still under RM 1 ???
Look at comfort how much?? W is more bigger than Comfort n sell many medical glove to worldwide ...
Thts why no confirm the price swing here n there up n down

Odor Project complete n start enjoy million dollar income monthly , later wil complete another two totally few million usd monthly income coming in ....
Second Mfcb in making

Kimlim 666 call warrant cannot convert...
Myeg no issue any warrant tht can concert to mother share so far

Ahmad zahid company get
Dsonic is najib haha

Wah so many Diy TP here

limited stock in current price for harta...no big volume share for sell

high PE bcoz they not yet announce the coming quarter result ,the PE wil pull down if result is flying colour...
singapore glove company oledi annouce QR ,is flying colour..glove sector big boss with high profit margin HARTA almost comfirm wil b super good result

top gainer harta n topglove is fighting now for no 1

Big customer with world distribution is coming soon

U.S. President Donald Trump has said he will impose tariffs on crude imports if he needed to "protect" U.S. energy workers from the oil price crash that has been exacerbated by the war between Russia and Saudi Arabia over market

Ah gooshen ,1.60 now sell stil earn money r....performance much more better than the big FAT CRAB...n he got cash can buy many cheap stock r now ...compare with the big fat crab no money no cash .
proud or not ??

anyway u oledi miss the chance to cash out ....for who still keep it ..jst keep n everage down ...wait for few month ,notion wil come back stronger for sure ..

plx always look at DJI future index as reference before u buy stock no matter it is good fundamental or fried stock ..follow Trend not emotional not feeling ...
the Trend is down ,then plx dun fight ,u wil hurt .

Sheraton project look like going to fail

Myeg hidden boss all in Sheraton hotel ..

The trend is Down... so plx follow the trend dont fight ... always obey the share market rules = buy low sell high ..

quit notion with 30% profit,tonite DJ future is going to drop ,GOLD rise kaw kaw...sumthing no good is going to happend ..

umno nak pakai duit ...mesti la suruh mr wong tolak tinggi sikit ...nak jual beli kuih ramadhan nanti

To all Myeg investor ,congraz to u
To all saham Gambler youngster...good luck to u ,n becareful if u din change ur bad habit in Share market game...

Malaysia Case comfirmed 3 in today in Johor Bahru.. take good care everybody .. dont go tht place gather many ppl or tourist

大家忙追貨補倉，過年都暗屌

Steady bom bibi

Like is ok dont fall in love , love is danger in share market..

Barrier is clear , now heading to 1.20 .
Uptrend until ex bonus date is possible.

R U G stock selection = Myeg
Plx check , myeg qualified put into in rug group too. Don't miss golden chance

volume is coming ,price is moving up ING ...CNY angpau giving ING

notion big customer is Dyson ,so price is possible climb up to RM2 ,fly rocket like VS

supermx2 plx sell fast fast before 445PM..or u r sohai too waiting the price rise

Squirtle world economic not tht good,so RM mst b sustain CHEAP above RM4 vs USD ...if not export wil slowdown coz RM expensive

美军袭击发生在巴格达国际机场附近。其中一位人士说，伊拉克一位民兵领导人Abu Mahdi al-Muhandis也已丧生。
原来有人撩事斗非

Post removed.Why?

good news plx come after cny.....coz now ppl SELL on NEWS hahaha

guess PIE oredi sign the Order from new customer tht they keep mention last month ...
arround 30million profit OTW

Fight with Myeg

MYEG need a story ...if not it wil not bring you to top of moon

yes,nanti TUN M son enter b shareholder to make thing success hahaha