By Ronnel W. Domingo
Cigarette maker Philip Morris Fortune Tobacco Corp. (PMFTC) on Friday appealed to its distributors and retailers to sell its products at pre-sin tax recommended retail prices, saying it has not yet raised the prices of its cigarette products.
By Leila B. Salaverria
Claiming that state prosecutors have failed to prove that his assets are ill-gotten after more than two decades of trying, ethnic Chinese businessman Lucio Tan has filed a P300 million counter-claim for damages from government.
By Marlon Ramos
Another Lucio Tan-owned company has won a favorable ruling in a claim suit. The Supreme Court on Thursday granted the petition of Tan’s Fortune Tobacco Corp. for a P491-million tax refund from the Bureau of Internal Revenue (BIR) in connection with the billions of pesos in excise taxes it paid to the government in 2003 [...]