Malaysia to unveil new car duties on Wednesday

Newswire

KUALA LUMPUR, Dec 30 (Reuters) - Malaysia will announce on Wednesday a new car tax regime which analysts say is unlikely to bring much cheer to foreign manufacturers hoping to win a bigger slice of Southeast Asia's second largest auto market. The Office of Prime Minister Abdullah Ahmad Badawi is due to unveil the long-awaited structure by early evening on New Year's Eve. The tax regime will take effect on January 1. Malaysia's national carmaker Proton , set up in the early 1980s, has ...

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