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Tobacco firm accused of ‘systemic fraud’

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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

The local arm of the manufacturer of Marlboro cigarettes Friday accused its fiercest competitor, homegrown Mighty Corp., of “systematic and endemic fraud” over alleged non-payments of duties on the tobacco leaf and filters that the latter imports.

Posted: October 25th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

British American Tobacco investments hit $100M

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The Philippine sales arm of the manufacturer of Lucky Strike and Pall Mall cigarettes has already infused half of its prior investment commitment worth $200 million, an executive said Tuesday.

Posted: September 18th, 2014 in Headlines | Read More »

Tabacalera finds right blend of tradition, innovation

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THE 1881 Perique
blend comes in
the torpedito size
(below).

A new and distinct aroma is filling select cigar divans and smoking lounges in the United States, and it is coming from the 1881 Perique, the newest in the revered line of cigar brands produced by the 133-year-old Tabacalera Incorporada, the only company in the world that has successfully blended the rare Perique from the St. James Parish in Louisiana into a cigar.

Posted: August 31st, 2014 in Headlines,Latest Business Stories | Read More »

E-cigarettes should be banned for minors – US heart association

INQUIRER.net FILE PHOTO

E-cigarettes should be subject to the same regulations as cigarettes and should not be sold to minors, the American Heart Association (AHA) said in new policy guidelines out Monday.

Posted: August 25th, 2014 in Latest Business Stories | Read More »

LTG nets P2.16 B in first half of 2014

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LUCIO TAN

The LT Group Inc. of Lucio Tan saw a 68.9-percent decline in first semester net profit to P2.16 billion in the mostly due to the slowdown in earnings contribution from its banking and tobacco businesses.

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

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