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Tobacco war spreads into BIR, House

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The output by the manufacturing sector, including tobacco products, grew by another double-digit pace in September, indicating that the country was taking the crucial first steps toward industrialization. AFP FILE PHOTO

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.

Posted: March 15th, 2014 in Latest Business Stories | Read More »

Tobacco output jumped 11.8% in 2013

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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.

Posted: February 24th, 2014 in Headlines | Read More »

Traders urge tight watch over maker of cheap cigarettes

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mighty-cigarettes

The chair of the 800-member Federation of Philippine Industries (FPI) on Monday called for a “24/7 close monitoring” of the trading practices of low-cost cigarette manufacturer Mighty Corp. by the Bureau of Customs (BOC) and its mother agency, the Department of Finance (DOF).

Posted: January 28th, 2014 in Latest Business Stories | Read More »

BOC padlocks warehouse of low-cost cigarette maker

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mighty-cigarettes

The Bureau of Customs has suspended the license of low-cost cigarette manufacturer Mighty Corp. to operate a customs bonded warehouse, which is expected to seriously disrupt its business operations, mainly the importation of tobacco leaves and other cigarette-manufacturing materials.

Posted: January 24th, 2014 in Editor's Pick,Latest Business Stories | Read More »

Sin tax law ups prices of tobacco, booze anew

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The output by the manufacturing sector, including tobacco products, grew by another double-digit pace in September, indicating that the country was taking the crucial first steps toward industrialization. AFP FILE PHOTO

Prices of tobacco and alcohol products went up on January 1 as the second increase of prices took effect in accordance with the Sin Tax Law.

Posted: January 1st, 2014 in Latest Business Stories | Read More »

Philip Morris plan to make cheap cigs draws opposition

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Tobacco giant Philip Morris Fortune Tobacco Corp. has sought permission to manufacture four variants of its Marlboro products as low-priced cigarettes. AP

A health group has lashed out at tobacco giant Philip Morris Fortune Tobacco Corp. (PMFTC) over its plan to manufacture cheaper cigarettes to compete with a local brand, saying this would defeat the purpose of the “sin tax” law.

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

LTG shores up tobacco venture

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The Lucio Tan group has scrapped an exit agreement with the Philip Morris group, affirming its commitment to their tobacco venture.  AP FILE PHOTO

The Lucio Tan group has scrapped an exit agreement with the Philip Morris group, affirming its commitment to their tobacco venture.

Posted: December 12th, 2013 in Latest Business Stories | Read More »

Bulacan tobacco firm gets backing from church exec

PHOTO FROM MIGHTYCORP.COM.PH

A church official in Cagayan expressed support for the owners of a Filipino cigarette firm based in Bulacan province, which is now under siege for its low prices.

Posted: December 8th, 2013 in Latest Business Stories | Read More »

Thai response to WTO tobacco ruling probed

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The Philippines is investigating reports that the Thai government has decided to indict executives of Philip Morris (Thailand) for allegedly under-declaring the value of cigarettes imported from the Philippines, as this move will undermine the ruling issued by the World Trade Organization (WTO).

Posted: December 1st, 2013 in Headlines | Read More »

Mighty Tobacco Corp. willing to open books

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PHOTO FROM MIGHTYCORP.COM.PH

Mighty Tobacco Corp. on Wednesday welcomed calls for authorities to examine its books amid allegations that it has been dodging taxes and customs duties in order to price its products cheaply and undercut market rivals.

Posted: November 7th, 2013 in Latest Business Stories | Read More »

Breaktime: High-end Mighty

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Quietly, without much fanfare, wanting to investigate a little-known cigarette company for smuggling and tax evasion, Finance Secretary Cesar Purisima gave the revenue backbone of the government—the Bureau of Internal Revenue and the Bureau of Customs—an imperative deadline.

Posted: November 7th, 2013 in Columnists,Inquirer Columns | Read More »

PH may turn to world body to force Thailand’s hand

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The Philippines may be forced to turn to a world body to compel Thailand to compensate a local cigarette maker.

Posted: October 20th, 2013 in Headlines | Read More »

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