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Philippines’ sin taxes cut smoking, boost revenues

Philippines’ sin taxes cut smoking, boost revenues

| June 16, 2015

A tobacco (and alcohol) tax regime that was signed into law by the President of the Philippines Benigno Aquino in December 2012 is said to have cut smoking sharply while boosting government revenues, according to an AFP story. The number of cigarette packs placed on store shelves by retailers had fallen by nearly a third […]

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Tobacco advertised near Indonesian schools

Tobacco advertised near Indonesian schools

| June 16, 2015

More than 30 tobacco brands are advertised or promoted in areas where schools are situated, according to a story in The Jakarta Post citing a recent survey. The survey was carried out in 360 schools in five major cities including Jakarta, Bandung in West Java and Makassar in South Sulawesi. It was conducted from January […]

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Smoking down by 16-17 percent in Russia

Smoking down by 16-17 percent in Russia

| June 15, 2015

Russians are smoking less because of the implementation of an anti-tobacco law, according to an Interfax report quoting the Rospotrebnadzor press service. ‘The measures taken to implement Russian legislation on public health protection from the impact of tobacco smoke and the consequences of tobacco smoking have helped reduce tobacco consumption by 16-17 percent,’ the press […]

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Lorillard becomes a wholly owned subsidiary of RAI

Lorillard becomes a wholly owned subsidiary of RAI

| June 15, 2015

Reynolds American (RAI) on Friday completed its acquisition of Lorillard and, in doing so, ‘significantly strengthened, balanced and diversified’ its brand portfolio. As a result of the acquisition, Lorillard is now a wholly owned subsidiary of RAI, and former Lorillard shareholders will own about 15 percent of RAI’s common stock. In a note posted on […]

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Papastratos exports up ‘significantly’

Papastratos exports up ‘significantly’

| June 15, 2015

Philip Morris International’s Greek subsidiary Papastratos said recently that the company’s exports rose ‘significantly’ last year, partially offsetting the decline in the domestic cigarette market, according to a story by Anestis Dokas for Kathimerini, relayed by the TMA. Chairman Nikitas Theofilopoulos said the company’s plant at Aspropyrgos, west of Athens, exported to more than 30 […]

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JT publishes sustainability report

JT publishes sustainability report

| June 15, 2015

Japan Tobacco Inc. has published the JT Group Sustainability Report FY2014, outlining its sustainability initiatives and performance for the year ending 31st December, 2014. The report is available at http://www.jt.com/csr/report/index.html. JT said the report contained Standard Disclosures from the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines. However, it was not yet ‘in accordance’ with […]

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