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Tobacco report questioned

Batangas 2nd District Rep. Raneo E. Abu: Questionable studies. CONTRIBUTED PHOTO

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.

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

Cigarette packs to get stamps

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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.

Posted: July 25th, 2014 in Headlines | Read More »

LT Group net profit down by 61% to P1.61B in Q1

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Screengrab from ltg.com.ph

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.

Posted: May 16th, 2014 in Latest Business Stories | Read More »

Tobacco war spreads into BIR, House

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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 »

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