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Suave Rizal or smooth Bonifacio? Liquor firm wants heroes for brands

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rizal boni liquor

Rizal is suave but Bonifacio is smoother. What? Senator Pia Cayetano is waging a battle against a Philippine liquor company’s plan to name some of its brands after national heroes and historical sites.

Posted: June 18th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Emperador buys 50% of Spanish brandy maker

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Emperador Distillers Inc

Tycoon Andrew Tan-led liquor firm Emperador Inc. has expanded its offshore business by buying a 50-percent stake in brandy producer Bodega Las Copas S.L., a unit of Spanish sherry producer González Byass, for P3.7 billion.

Posted: February 14th, 2014 in Latest Business Stories | Read More »

‘Sin’ tax collection up 61% in 8 months

Collection of taxes from manufacturers of cigarettes and alcoholic beverages surged in the first eight months of the year, boosted by the higher tax rates that have so far failed to dampen consumption of these so-called “sin” commodities.  AP PHOTO

Collection of taxes from manufacturers of cigarettes and alcoholic beverages surged in the first eight months of the year, boosted by the higher tax rates that have so far failed to dampen consumption of these so-called “sin” commodities.

Posted: November 7th, 2013 in Editor's Pick,Headlines | Read More »

Manila RTC: Courts have no authority to prevent collection of sin taxes

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A vendor sells cigarettes at a supermarket in Quezon City. AFP FILE PHOTO

The Manila City Regional Trial Court Branch 17 refused to restrain the Department of Finance and the Bureau of Internal Revenue (BIR) from enforcing the rules and regulations of Republic Act 10351, or the Sin Tax Law of 2012.

Posted: January 17th, 2013 in Latest Business Stories | Read More »

Liquor makers cry double taxation, sue to stop new rule

HIGHER SIN TAXES  A grocer sells beer, rum and cigarettes to a customer (not shown) in Manila. Malacañang has reiterated its call for the passage of the so-called sin tax bill, saying that based on the proposed law, the government can earn P60 billion a year.  AFP PHOTO Joel NITO

A group of manufacturers of alcoholic beverages has asked the courts to stop the Department of Finance and Bureau of Internal Revenue from implementing a new regulation that purportedly taxes both raw materials and the finished product, resulting in double taxation.

Posted: January 14th, 2013 in Latest Business Stories | Read More »

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