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Malaysia loses US$775mil a year to illicit tobacco trade

KUALA LUMPUR: Malaysia is estimated to lose US$775 million (RM3.2 billion) in tobacco tax revenue annually to illicit trade, with illegal products accounting for 55 per cent of tobacco consumption, according to a policy paper by the Centre for Market Education (CME).

Malaysia loses US$775mil a year to illicit tobacco trade

We haven't written up this one. New Straits Times has the full story — the link below goes straight to it.

Read the original at nst.com.my →

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