Malaysia on goods like luxury items are usually 30%. To be honest, if you do decide to ship w/o insurance, FEDEX will provide you with peace of mind. And bear in mind that they(customs) rarely open the packages. They usually just run by the paperwork that comes with the package.
Thanks Maddox. Think i won't want to take a gamble on paying 30% tax! At this rate, this makes Sg tax look cheap.. it's all relative right

I've been told that Malaysian customs usually close an eye (or two!) on the smaller packages, but they're less likely to let a big package pass by.. so think I'll stick to HK/ Sin.