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Indonesia unlikely to ratify the FCTC any time soon

Indonesia unlikely to ratify the FCTC any time soon

| June 11, 2015

Indonesia seems unlikely any time soon to ratify the World Health Organization’s Framework Convention on Tobacco Control (FCTC). According to a Tempo story, Widyastuti Soerojo, the chairperson of the Tobacco Control Special Agency and the Association of Indonesian Health Experts (IAKMI), has questioned President Joko ‘Jokowi’ Widodo’s commitment to tobacco control. “I can say that […]

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Court wants growers shifted away from tobacco

Court wants growers shifted away from tobacco

| June 11, 2015

The High Court of Karnataka state, India, has directed the Indian and state governments to co-operate in jointly framing a policy for encouraging tobacco growers and workers to shift to other industries, according to a story in the latest issue of the BBM Bommidala Group newsletter. The order is directed particularly at those working in […]

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PMI declares quarterly dividend

PMI declares quarterly dividend

| June 11, 2015

The board of directors of Philip Morris International today declared a regular quarterly dividend of $1.00 per common share, payable on July 10 to shareholders of record as of June 25. The ex-dividend date is June 23.

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Beijing smoking ban will boost vapor, says e-cig inventor

Beijing smoking ban will boost vapor, says e-cig inventor

| June 10, 2015

Hon Lik, the Chinese inventor of the modern e-cigarette, has predicted that Beijing’s new public-places smoking ban will prompt many consumers to switch from smoking to vaping. Although China’s e-cigarette market is still relatively small compared to those in other countries and smoking rates in China remain high, the ban—which took effect June 1—could be […]

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AMA remains opposed to e-cig’s smoking-cessation claims

AMA remains opposed to e-cig’s smoking-cessation claims

| June 10, 2015

The American Medical Association (AMA) has announced a new policy that will further strengthen its support of the regulatory oversight of e-cigarettes. The update is an extension of the organization’s existing policy, which calls for all e-cigarettes to be subject to U.S. Food and Drug Administration regulations that apply to cigarettes and smokeless tobacco products. […]

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Pax Labs raises $46.7 million in Series C funding

Pax Labs raises $46.7 million in Series C funding

| June 10, 2015

Pax Labs has raised $46.7 million in new funding led by existing investors with participation from Fidelity Management & Research Company; Sivia Capital; individual investors from finance, pharma, entertainment and Silicon Valley leadership; and a group led by Chuck Pieper and Brian Finn. Previous investors participating include Tao Capital Partners and Sand Hill Angels. Pax […]

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