Archive for December, 2012

Cutting coupons cuts quitting

Cutting coupons cuts quitting

| December 13, 2012

Tobacco companies’ aggressive coupon marketing tactics could reduce the likelihood that current smokers will quit, according to a PRNewswire press note quoting new research published in an article in Tobacco Control. The report is said to be the first of its kind to illustrate that cigarette coupons have a negative association with smoking cessation. “We […]

Read More

Court denies request to open ‘lights’ case

Court denies request to open ‘lights’ case

| December 13, 2012

Philip Morris USA said yesterday that the Madison County Circuit Court had denied the plaintiffs’ request to reopen the Price ‘Lights’ case. “The trial court correctly recognized that the plaintiffs could not meet their burden of proof to reopen the judgment,” said Murray Garnick, Altria Client Services senior vice president and associate general counsel, speaking […]

Read More

Altria declares regular dividend

Altria declares regular dividend

| December 13, 2012

The Altria Group’s board of directors declared yesterday a regular quarterly dividend of $0.44 per common share, payable on January 10 to shareholders of record as of December 26. The ex-dividend date is December 21.

Read More

PMI declares regular dividend

PMI declares regular dividend

| December 13, 2012

The board of directors of Philip Morris International yesterday declared a regular quarterly dividend of $0.85 per common share, payable on January 11, to stockholders of record as of December 27. The ex-dividend date is December 24.

Read More

New excise tax regime is ‘better’ or ‘ridiculous’ – take your pick

New excise tax regime is ‘better’ or ‘ridiculous’ – take your pick

| December 12, 2012

Voting 10-9 with no abstentions, senators in the Philippines yesterday ratified a measure restructuring the taxes on tobacco and alcohol products, according to a story in The Philippine Star. The House later followed with its own ratification and the measure now awaits President Aquino’s signature. The Manila Times, meanwhile, said the Department of Finance had […]

Read More

Sticker firm needs to watch its derrière as health department takes close look

Sticker firm needs to watch its derrière as health department takes close look

| December 12, 2012

A company based in Queensland, Australia, is starting to offer stickers for wrapping around cigarette packs, according to a story in Marketing magazine quoting the Gold Coast Bulletin. Box Wrap, a sticker manufacturing company, created the ‘workaround’ for smokers who dislike the olive green background color and hugely-dominate graphic health warnings, which have been mandatory […]

Read More

Making money out of plain packaging

Making money out of plain packaging

| December 12, 2012

An opportunist capitalising on Australia’s ‘plain-packaging’ laws has stolen $30,000 worth of cigarettes from 14 supermarkets across South Australia and Victoria, according to a News Interactive Network story. On each occasion, the man has posed as a tobacco company employee to trick supermarket staff into allowing him to remove discontinued stock because of the mandatory […]

Read More

E-auctions put spark under continuing Karnataka flue-cured sales

E-auctions put spark under continuing Karnataka flue-cured sales

| December 12, 2012

Flue-cured tobacco prices at the continuing auctions in the Indian state of Karnataka have surged by about 10 per cent across all platforms, according to a story in the latest issue of the BBM Bommidala Group newsletter. The price surge seems to be being attributed mainly to the introduction of the e-auction system. The e-sales […]

Read More

Uttar Pradesh pricing itself out of the cigarette revenue market

Uttar Pradesh pricing itself out of the cigarette revenue market

| December 12, 2012

Uttar Pradesh cigarette vendors and the Uttar Pradesh Cigarette Traders’ Association are urging the state government to cut its 50 per cent rate of VAT on cigarettes to bring it in line with neighboring states. The traders claim the disparity between the VAT rates imposed in Uttar Pradesh and neighboring states is driving up sales […]

Read More

Battle lines being drawn up over Bulgaria’s tobacco smoking ban

Battle lines being drawn up over Bulgaria’s tobacco smoking ban

| December 11, 2012

Bulgaria’s Prime Minister, Boiko Borissov, has hinted that he will not oppose a move under consideration by his ruling party MPs that would see the country’s enclosed-public-places tobacco smoking ban eased to allow people to light up in restaurants and bars after 22.00 hours, according to a Sofia News story. But Health Minister, Desislava Atanasova, […]

Read More

Possession of contraband cigarettes to become criminal offence in Malaysia

Possession of contraband cigarettes to become criminal offence in Malaysia

| December 11, 2012

It will become illegal to be in possession of contraband cigarettes under a proposal currently under consideration by the government of Malaysia, according to a story in The Star. The Health Minister, Datuk Seri Liow Tiong Lai, was quoted as saying that his ministry was finalizing proposed amendments to the existing Control of Tobacco Products […]

Read More

Tobacco smugglers given long jail terms

Tobacco smugglers given long jail terms

| December 11, 2012

Five men who were involved in smuggling tobacco into the UK have been jailed for terms of between 18 months and four years and nine months, according to a story by Jane Hunt for the East Anglian Daily Times. Martyn Levett, prosecuting, told the Ipswich Crown Court that the case concerned the smuggling of tobacco […]

Read More

Cigarette taxes to rise again on Egyptian market already besieged by smuggling

Cigarette taxes to rise again on Egyptian market already besieged by smuggling

| December 10, 2012

The Egyptian government has announced a series of tax hikes that will see a 50 per cent increase in the retail price of cigarettes, according to a Bikya Masr story. The tax hikes, which take in everything from alcohol to bottled water, from advertising to retailing and from energy prices to real estate, seem to […]

Read More

Tobacco Board of India to be without chairman during critical few months

Tobacco Board of India to be without chairman during critical few months

| December 10, 2012

The Tobacco Board of India is expected to remain headless until at least February following the completion of the two-year term of the former chairman, G Kamalavardhan Rao, according to a Times of India story. Rao, who has been named Revenue Secretary of Kerala, handed over to the board’s executive director, C V Subba Rao, […]

Read More

The Philippines’ small tobacco firms and employees ‘doomed’ by tax changes

The Philippines’ small tobacco firms and employees ‘doomed’ by tax changes

| December 10, 2012

Small, local tobacco companies in the Philippines will be forced to shut down and lay off hundreds of workers once Congress passes a law imposing extremely high taxes on low-priced cigarette brands, according to a story in The Manila times quoting Blake Dy, vice-president of Associated Anglo American Tobacco Corp. “We are doomed,” Dy said […]

Read More

Fall in overall consumption in France down mainly to lower cigarette sales

Fall in overall consumption in France down mainly to lower cigarette sales

| December 10, 2012

French households cut back slightly on their consumption in October, mainly in response to a rise in cigarette prices, according to an Agence France Presse story quoting official data. Consumption, a main driver of growth in the French economy, slipped by 0.2 per cent in October from the September level. The INSEE statistics institute said […]

Read More