Beauty and Personal Care in Malaysia: New Research Report Available at Fast Market Research
Malaysia posted merely 5% GDP growth in 2015 compared to a 6% GDP growth registered in 2014. Beauty and personal care experienced slower growth in 2015 compared to 2014. Malaysian government has announced the implementation of Goods and Services Tax (GST) in April 2015, where almost all goods and services engaged by consumers are taxable at the rate of 6%. Sales of beauty and personal care items was strong in the first half of 2015 prior to GST implementation due...
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