Malaysian assembler UMW Holdings Bhd says it may halt vehicle exports to Thailand if the government there continues to impose higher import duties. UMW Managing Director and CEO Abdul Halim Harun tells the media the higher import duties will mean a price increase of a few thousand Malaysian ringgit per vehicle. “If they charge us 40%, it just translates into an increase in price,” he says. “We have no choice as we’ve already purchased the CKD (complete knocked-down vehicle). It becomes a ...
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