70% of all cigarettes sold by end-2020 will be smuggled stuff, says tobacco firm
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Title : 70% of all cigarettes sold by end-2020 will be smuggled stuff, says tobacco firm
Category : Malaysians
More smokers in Malaysia are buying cheaper illegal cigarettes in the wake of the economic fallout from the Covid-19 pandemic.PETALING JAYA: JTI Malaysia has warned that the share of illegal cigarettes sold in Malaysia may rise to 70% of total sales by the end of the year.As it is, the share of contraband cigarettes in the country is already the highest in the world at 62.3% of total sales last year – an increase from the 58.9% recorded in 2018.Speaking to FMT, JTI Malaysia’s director of corporate affairs and communications Azrani Rustam said they anticipated demand for contraband products to increase in the coming months as consumers struggle with the economic fallout of the Covid-19 pandemic.“Based on the increasing trends captured in the Illicit Cigarette Study conducted by (research house) Nielsen, post the Movement Control Order (MCO) period, the illegal cigarette trade i…
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