News Forum

From: The Edge Markets

Kang Siew Li/The Edge Financial Daily

KUALA LUMPUR: JT International Bhd (JTI Malaysia) will close its plant in Shah Alam, Selangor, by the end of December this year, a move that will bring to an end its manufacturing operations in Malaysia.

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For the past few years, the three major tobacco companies, namely BAT Malaysia, JTI Malaysia and Philip Morris (M) Sdn Bhd, have been lamenting over the steep increases in tobacco excise taxes they have to contend with and the challenging operating environment in Malaysia with regard to illegal cigarette trade which has impacted their business.

From: Riverine Herald

by Rodney Woods

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‘‘Depending on the conditions, tobacco crops are generally slashed in the first instance and then ploughed into the field. The ploughing of the field maybe undertaken on more than one occasion to ensure the crop is properly destroyed. Contractors are used to assist in this process,’’ an ATO spokesperson said.

The warrant action, which saw the seizure of three trucks and a tractor in addition to 5 tonnes of tobacco leaves, was the fourth in as many months, with similar searches uncovering millions of dollars’ worth of illegal tobacco in Victoria and NSW, the states in which the ATO has discovered the illegal crop is most frequently grown.