China’s tobacco industry generated Yuan1.05 trillion ($169.7 billion) in profits and taxes during 2014, up 10.02 percent year-on-year, according to a story in the Global Times citing data from the State Tobacco Monopoly Administration.
Last year also the industry provided the government with revenues of more than Yuan911.03 billion in profits, taxes and fees, a figure that was increased by 11.63 percent year on year.
In 2013, the industry handed over to the government Yuan816 billion, which accounted for 6.3 percent of the government’s revenue that year.
Tobacco cigarette imports into South Korea fell between 2013 and 2014 but, at the same time, electronic-cigarette imports rose sharply as smokers tried to kick their habit before the imposition of a huge, tax-induced price increase on January 1, according to a story in The Korea Herald citing customs office figures.
The Korea Customs Service (KCS) said that the value of cigarette imports had dropped by 14.4 percent between 2013 and 2014, from US$18.57 million to $15.90 million.
Volume imports were down by 15.4 percent from 973 tons to 823 tons.
Singapore was the source for 33.2 percent of Korea’s cigarette imports and Germany was the source of 21 percent; while Lithuania, Switzerland and Malaysia made up the other countries in the list of the top five suppliers.
Meanwhile, the value of electronic-cigarette imports increased by 342 percent year on year to $10.14 million.
At the same time, the volume of electronic-cigarette imports increased by 348.2 percent to 138 tons.
The customs office said that of the electronic cigarettes imported last year, 75.4 percent were brought into the country during the fourth quarter, when the government’s taxation plans were made public.
Ninety six percent of the electronic cigarettes imported into Korea originated in China.
Universal Corporation is due to webcast a conference call to be held on February 3 following the release of its results for the third quarter of fiscal year 2015 after market close on that date.
The conference call, which will begin at 17.00 Eastern Time, will be hosted by Candace C. Formacek, vice president and treasurer.
A live webcast of the conference call will be available on a listen-only basis at www.universalcorp.com.
And a replay of the webcast conference call will be available at that site until May 5. A taped replay of the call will be available from 20.30 Eastern Time on February 3 through February 17 at (855) 859-2056, using the telephone replay identification number 70319833.
Some of the best-known Italian directors, producers and scriptwriters have put their names to a letter opposing a proposal to ban smoking from films and television, according to a Dpa story.
The group of 20 artists, including Oscar-winning directors Paolo Sorrentino and Gabriele Salvatores, wrote a letter to La Repubblica newspaper saying they felt they needed to express their ‘astonishment’ and ‘concern’ about the proposal.
They said any attempt to limit the possibility of representing people’s lives in film would be ‘really ridiculous’, and would amount to an interference with artistic freedom and liberal principles.
Last week, the ministry of health said it was considering regulating smoking scenes in films and national television series, as well as banning smoking in parks, stadiums and beaches, and in cars with children on board.
The Maldives’ Health Protection Agency (HPA) has expressed concern over the display of hookah smokers at the Cultural Festival organized by the Maldives Broadcasting Corporation, according to a story in Haveeru Online.
People smoking hookahs were shown during the festival as representing one of the age-old but dying Maldivian traditions and customs.
Some television channels, it was claimed, had been broadcasting such scenes without the required warnings about the harmful effects of smoking, which was in contravention of the Tobacco Act.
HPA epidemiologist Dr. Aishath Aroona said on Saturday that the agency had held discussions with the relevant authorities about hookah smoking being displayed in such a promotional manner.
She said that only ‘good’ customs should be promoted as part of Maldivian culture, while smoking the hookah – being harmful to health – was not a good custom.
Big cigarette companies in the US are encouraging the government to help snuff out competition from small start-ups trying to sell electronic cigarettes, according to a piece in the National Review Online by Gregory Conley, president of the American Vaping Association.
‘When the success of America’s largest companies is threatened, they often turn to the government for a helping hand,’ Conley said. ‘They have been doing that for at least the past century. In recent years Congress gave more than $1 trillion in bailouts to banks, car companies, and credit lenders in the midst of great financial turmoil. But that kind of generosity isn’t the only way Uncle Sam has helped many of America’s biggest companies maintain market share. Using the growing bureaucracy’s powerful regulations, many corporations have worked hand in hand with government to snuff out competition.’
Conley went on to say that a recent example of this offensive was Big Tobacco’s actions against the thousands of small start-ups that were helping people quit smoking. ‘Cigarette companies are spending millions of dollars to push product bans, higher taxes, and expensive regulations on their competitors,’ he said.
Conley appeared to be most concerned about the attacks being mounted against premium vapor products, the sorts of refillable products that have been credited with the most success in weaning smokers from traditional cigarettes.
‘Reynolds [American]’s push for more-coercive taxation, burdensome regulations, and even bans on their competitors make sense, as no company wants to see its consumers switch to products it doesn’t sell,’ Conley said. ‘Unfortunately, if the FDA [Food and Drug Administration] and state lawmakers merely accept the agenda being pushed by Reynolds and other large cigarette companies, public health and market freedom will suffer. It’s time lawmakers and bureaucrats realize this and stop trying to protect cigarette companies from consumer choice.’
The full story is at: http://www.nationalreview.com/article/396466/big-tobaccos-war-vaping-gregory-conley