A tobacco giant that exhausted its inventory of small cigarette packets in anticipation of a ban threatened Thursday to take legal action against the Malaysian government for reportedly deciding to delay the prohibition.
The Malaysian affiliate of Philip Morris International voiced disappointment with what it called a "precipitous" decision that would be "a devastating blow not only to our business but to foreign investor confidence in Malaysia."
Tobacco companies in the Southeast Asian country have been phasing out parts of their inventory and manufacturing equipment in recent months ahead of a government ban on cigarette packets …
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