The prices of cars made by Malaysia’s Perusahaan Otomobil Nasional (Proton) and Perusahaan Otomobil Kedua (Perodua) could rise by 11% under a new set of excise duties. Industry observers reportedly expect the government to raise duties by up to 15%, to offset a cut in import tariffs for completely knocked-down foreign cars. Expectations are that foreign car prices would be unchanged. Under the Assn. of Southeast Asian Nations Free Trade Agreement, import tariffs, currently 42%-300%, will ...
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