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Income crunch set to fuel illicit trade


Roeder says that enforcement alone is not enough to tackle illicit trade.
LOSS of jobs, salary cuts and reduced employment opportunities are causing financial difficulties for many consumers throughout Malaysia and this situation is set to fuel illicit trade exponentially, said global consumer advocacy group Consumer Choice Center (CCC) in a statement today.
The comment from CCC came following the recent Department of Statistics Malaysia’s (DOSM) Salaries and Wages Report 2020 that found median monthly salaries and wages recording a double-digit decline of 15.6% to RM2,062. In addition, DOSM also reported that Malaysia’s unemployed graduates rose by 22.5% in 2020.
“Consumers who are affected by the credit crunch will normally find alternative ways and means to cut their spending. This will naturally open up demand for illicit products that are cheaper as they are untaxed and unregulated. ....

Fred Roeder , Royal Malaysian Police , Consumer Choice Center , Department Of Statistics Malaysia , Royal Customs Department Of Malaysia , Statistics Malaysia , Wages Report , Royal Customs Department , Illicit Trade , Illicit Cigarettes Study , ஃப்ரெட் ரோடர் , அரச மலேசியன் போலீஸ் , நுகர்வோர் தேர்வு மையம் , துறை ஆஃப் புள்ளிவிவரங்கள் மலேசியா , அரச சுங்க துறை ஆஃப் மலேசியா , புள்ளிவிவரங்கள் மலேசியா , ஊதியங்கள் அறிக்கை , அரச சுங்க துறை , சட்டவிரோத வர்த்தகம் , சட்டவிரோத சிகரெட்டுகள் படிப்பு ,