Some good news for budget 2010, eg:
IMPORT duty on approximately 300 items will be abolished to promote Malaysia as Asia’s shopping haven.
The goods are apparel, handbags, shoes, shampoo, suits, children’s apparel, wallets, hair colourants, golf balls, imitation jewellery, talcum powder, curtains, table cloth, blankets, bed sheets, shirts, undergarments, lingerie, nightwear, perfumes and mosquito netting.
Read more here
The other good news is the full excise duty exemptions on hybrid cars! So, hold your brake for those are going to buy new car! The prices of these cars are almost the same as in langkawi! By the way, apparently only Honda and Toyota have hybrid cars in Malaysia!
Read more here.
The only problem now is whether the benefit is going to the consumers or not!