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Philip Morris: No price hike yet

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

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.

Posted: January 5th, 2013 in Latest Business Stories | Read More »

Lucio Tan seeks P300M from gov’t in damage suit

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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.

Posted: April 12th, 2012 in Latest Business Stories | Read More »

Lucio Tan firms on a roll in higher courts

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Lucio Tan. INQUIRER FILE PHOTO

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 [...]

Posted: October 7th, 2011 in Latest Business Stories | Read More »

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