Lawmakers have strongly criticized Philip Morris for allegedly using a meritless study to “deceive” the public and policy makers in a bid to regain control of the country’s multibillion-peso tobacco industry.
By Ben O. de Vera
It will be all systems go for the rollout of the Internal Revenue Stamps Integrated System (IRSIS), as all tobacco manufacturers as well as importers are expected to put tax stamps on cigarette packs starting September.
By Doris C. Dumlao
The Lucio Tan-led conglomerate LT Group Inc. saw a 61-percent year-on-year drop in first-quarter net profit to P1.61 billion due to slower earnings from the banking, tobacco and real estate units alongside the loss incurred by its hard liquor business.
By Michelle V. Remo
The Bureau of Internal Revenue (BIR) has placed the factory and warehouses of the Mighty Corp. cigarette company under 24/7 surveillance in response to allegations that the manufacturer is a smuggler and a tax evader.
By Ronnel W. Domingo
The domestic output of tobacco fired up by 11.8 percent to 53,750 metric tons in 2013 as prices rose and financing for farmers increased.