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Gudang Garam Projected to Report Lower Earnings Due to Excise Hike

Gudang Garam Projected to Report Lower Earnings Due to Excise Hike

Cigarette and tobacco giant PT Gudang Garam Tbk profit earnings are projected to drop by 25 percent due to the hike in tobacco excise.
Business
Indonesia’s Tobacco Excise Tax Hike by 12 Percent in 2022

Indonesia’s Tobacco Excise Tax Hike by 12 Percent in 2022

The average increase in cigarette excise rates is 12 percent or down 0.5 percent from 12.5 in the previous year.
Business
Indonesia to Increase Tobacco Excise by 12.5 Percent Next Year

Indonesia to Increase Tobacco Excise by 12.5 Percent Next Year

The government needs to balance the health aspect with the economic condition that is affected by Covid-19.
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