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Cigarette price hike tentatively agreed in South Korea

Cigarette price hike tentatively agreed in South Korea

| December 1, 2014

South Korea’s ruling and opposition parties have tentatively agreed to raise the tax on cigarettes by WON2,000 ($1.80) per pack next year, according to a story in The Korea Herald. Under the agreement, cigarette prices would be pushed into a range that rose from about WON4,300 to about WON5,000 per pack. The government announced in […]

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Fining manufacturers not way to tackle illegal trade

Fining manufacturers not way to tackle illegal trade

| December 1, 2014

The UK’s Revenue & Customs department has privately told British American Tobacco that fining tobacco companies for breaching anti-smuggling legislation might be less than helpful in the fight against the black market in tobacco products, according to a story in The Times citing the leaked minutes of a meeting. BAT was penalised last month for […]

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India moving to cut off tobacco-company goodwill

India moving to cut off tobacco-company goodwill

| December 1, 2014

The Indian government is considering a raft of new anti-tobacco measures; one of which would ‘discourage’ tobacco manufacturers from earning goodwill through their corporate social responsibility activities, according to a story by Ritika Chopra for The Economic Times. At the same time, the new measures, amendments to the Cigarettes & Other Tobacco Products Act (COTPA), […]

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Indonesia minister sees no need to ratify FCTC

Indonesia minister sees no need to ratify FCTC

| November 26, 2014

Despite calls by health advocates for the Indonesian government to ratify the WHO’s Framework Convention on Tobacco Control (FCTC), Industry Minister Saleh Husin said on Nov. 19 that the government “does not need to adopt and ratify [the FCTC], ” according to a report Antara. Husin said existing regulations are adequate to monitor and control […]

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China dominates e-vapor patents

China dominates e-vapor patents

| November 26, 2014

The number of vapor-related patents has skyrocketed in recent years and the field is dominated by China, according to Thomson Reuters. Of more than 2,000 vapor inventions tracked by the company, 64 percent originated in China, 14 percent in the United States and 9 percent in South Korea. China’s domination of the e-vapor patent market […]

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ECIG revenue up 41 percent

ECIG revenue up 41 percent

| November 26, 2014

Electronic Cigarettes International Group (ECIG) of Grand Rapids, Michigan, USA, announced third-quarter revenue of $15.9 million, up 41 percent over the prior-year quarter’s result. The company reported growth in all its brands, including FIN in the U.S. and VIP in the U.K. Gross profit, however, declined to $2.3 million from $6.9 million. Cost of goods […]

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