Illicit Alcohol & It’s Damages
Our Genco Member Heineken Malaysia Berhad and member of the Confederation of Malaysian Brewers Berhad (CMBB) remains committed in supporting Malaysia’s recovery from the COVID-19 pandemic.
The industry however, calls for caution on any excise duties and new policies that may impact the wider food & beverages (F&B) sector.
Any increase in excise duties or sales tax will be detrimental to the Government’s revenue collection as it’ll end up in the black economy hampering business recovery of the many local businesses in addition, will further fuel demand for illicit alcohol.
Please read the full statement here :- https://bit.ly/34x5GJi
Please read our previous full statement on illicit trade & it’s damage of the economy here : https://www.facebook.com/micci.official/posts/1414803465375854