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KT&G profit soars ahead of tax hike

KT&G profit soars ahead of tax hike

| January 26, 2015

KT&G Corp. reported net income of KRW813.8 billion ($751.9 million) in 2014, up from KRW559.3 billion in 2013, reports The Korea Times. Operating profit went up 15.6 percent on-year to KRW1.17 trillion last year, and sales gained 7.6 percent to KRW4.11 trillion. The solid performance was attributable to increased sales in the local market ahead […]

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Health fears voiced over loss of EU leaf from blends

Health fears voiced over loss of EU leaf from blends

| January 26, 2015

In asking a number of questions about the state of leaf tobacco production in the EU, the Hungarian member of the European parliament, Norbert Erdős, has again raised the issue of whether certain types of cigarettes are less harmful than are others. Such issues are more usually raised in respect of genuine as opposed to […]

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NZ tax hike lifts interest in home-grown tobacco

NZ tax hike lifts interest in home-grown tobacco

| January 26, 2015

In the city of Tauranga, New Zealand, smokers who grow their own leaf tobacco are making money by using websites and social media pages to sell tobacco plant seeds to others looking to reduce their costs of smoking following a recent 10 percent tax hike. According to a story by Rebecca Savory for the Bay […]

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Second FDA e-cigarette workshop date announced

Second FDA e-cigarette workshop date announced

| January 26, 2015

The US Food and Drug Administration says that its second public workshop on electronic cigarettes is due to be held on March 9-10. The first of a series of three planned workshops was held last year. The agenda for the March 2015 workshop is said to focus on the impact of electronic cigarettes on a […]

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Online vintage cigar auction under way

Online vintage cigar auction under way

| January 26, 2015

Cigar aficionados are now bidding in C.Gars’ online vintage cigar auction, which is due to end on February 1. The auction includes 270 lots of vintage, mature and limited-edition Cuban and Dominican cigars and is expected to realize more than £300,000. ‘In 2014, 1,000 boxes of vintage cigars were auctioned by us, online and offline, […]

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Indian government measures hurting ITC

Indian government measures hurting ITC

| January 26, 2015

ITC’s profit during the quarter that ended on December 31, at Rs26.35 billion, fell slightly short of analysts’ estimates of Rs26.92 billion as higher taxes on cigarettes and a government push to discourage tobacco consumption throughout India hurt sales, according to a Reuters story. ITC, which accounts four out of every five cigarettes sold in […]

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Public should be told of vapor products’ advantages

Public should be told of vapor products’ advantages

| January 23, 2015

Vapor products seem to have hit a rocky patch in the US and it is possible that only well thought out regulation will help smooth the way ahead. Bonnie Herzog, the managing director of Beverage, Tobacco & Convenience Store Research at Wells Fargo Securities, says that a survey her group had conducted among about 20,000 […]

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Plain packs proposal “a serious error of judgement”

Plain packs proposal “a serious error of judgement”

| January 23, 2015

Legislation aimed at imposing in the UK standardized packaging for cigarettes and fine-cut tobacco is due to be put before parliament during the current session, which is scheduled to end on March 30. Many observers had assumed that the legislation would not be introduced until after May 7, when the UK is due to go […]

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JTI’s response to factory jobs plan “contemptuous”

JTI’s response to factory jobs plan “contemptuous”

| January 23, 2015

Japan Tobacco International has rejected a trade union plan to save 500 jobs at the Gallaher cigarette factory site in Northern Ireland, according to a story by Henry McDonald for The Guardian. Unite, the union representing most workers at the plant, confirmed on Wednesday that the owners planned to end production there by 2017. Overall […]

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Health minister backs quitting with e-cigarettes

Health minister backs quitting with e-cigarettes

| January 23, 2015

The health minister of Canada’s Quebec province, Gaétan Barrette, has come out in favour of using electronic cigarettes as a way to quit smoking, according to a story by Geoffrey Vendeville for the Montreal Gazette. “Electronic cigarettes are a means to quit smoking that is clearly extraordinarily efficient,” he told reporters after a legislative committee […]

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Imperial to put US assets acquisition to shareholders

Imperial to put US assets acquisition to shareholders

| January 23, 2015

Imperial Tobacco is due to hold its Annual General Meeting on January 28. And, following the conclusion of the AGM, a general meeting will be held to seek shareholder approval for the proposed acquisition of assets in the US. The presentation transcripts and slides from both meetings will be available on the company’s website following […]

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Latest Beijing tobacco smoking ban to be enforced

Latest Beijing tobacco smoking ban to be enforced

| January 21, 2015

Beijing residents have been assured that a tobacco smoking ban due to come into force later this year will be enforced, according to a Global Times story quoting the Xinhua news agency. The Beijing municipal legislature in November passed an anti-smoking bill banning smoking in all indoor public places and workplaces, and on public transport. […]

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Balcony smoking scene likely to have long run

Balcony smoking scene likely to have long run

| January 21, 2015

People in Germany who smoke on the balconies of their homes could be sued in the future if their smoking is deemed to be ‘excessive’, according to a story in the Electronic Telegraph. Germany’s supreme court has ruled that Germans can sue their neighbours for excessive smoking on their balconies. The court did not define […]

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Smokers crowd into Korea’s last smoking refuges

Smokers crowd into Korea’s last smoking refuges

| January 21, 2015

Since the extension on January 1 of South Korea’s tobacco smoking ban to include all bars, restaurants, coffee shops and Internet cafés, smokers have been flocking to the only places where they can still smoke: small-scale indoor sports venues, The Korea Times has reported. There are about 15,000 billiard halls and 7,000 screen golf venues […]

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Tobacco flood-damage being assessed in Malawi

Tobacco flood-damage being assessed in Malawi

| January 21, 2015

Malawi’s Tobacco Control Commission (TCC) has started assessing the damage that has been caused to tobacco crops by the floods that have followed heavy rains in recent months. CEO Bruce Munthali told the local press that the heavy rains and floods had caused leaching of fertilisers, and made it difficult for farmers to control weeds […]

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Most long-term users want to quit NRT products

Most long-term users want to quit NRT products

| January 20, 2015

A study has found that 88 percent of long-term users of nicotine replacement therapy (NRT) products want to quit NRT because of the cost of the products, because they are tired of feeling addicted, and because of fears of adverse health consequences, according to a story on 7th Space Interactive citing a study published in […]

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China’s tobacco revenue up steeply last year

China’s tobacco revenue up steeply last year

| January 20, 2015

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 […]

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Electronic cigarette imports soar in South Korea

Electronic cigarette imports soar in South Korea

| January 20, 2015

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 […]

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Universal to webcast results conference call

Universal to webcast results conference call

| January 20, 2015

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 […]

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Ban on smoking in films would be ‘really ridiculous’

Ban on smoking in films would be ‘really ridiculous’

| January 19, 2015

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 […]

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Only ‘good’ customs should be shown on television

Only ‘good’ customs should be shown on television

| January 19, 2015

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, […]

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Cigarette firms said to be threat to consumer choice

Cigarette firms said to be threat to consumer choice

| January 19, 2015

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 […]

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JT’s domestic sales down by 2.3 percent last year

JT’s domestic sales down by 2.3 percent last year

| January 19, 2015

Japan Tobacco Inc’s domestic cigarette sales volume during December, at 10.2 billion, was down by 2.3 percent on that of December 2013, 10.4 billion, according to preliminary figures issued by the company on Friday. The December 2013 figure was up by 1.1 percent on that of December 2012. Volume during January-December, at 112.4 billion, was […]

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Altria to webcast full-year results discussions

Altria to webcast full-year results discussions

| January 19, 2015

Altria is due to host a live audio webcast at www.altria.com from 09.00 Eastern Time on January 30 to discuss its 2014 fourth-quarter and full-year business results. The results will be issued in a press release about 07.00 on the same day. During the webcast, which will be in listen-only mode, chairman and CEO Marty […]

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Union boss rails at PMFTC, government over job cuts

Union boss rails at PMFTC, government over job cuts

| January 15, 2015

The Philippines labor group, Bukluran ng Manggagawang Pilipino (BMP), has described a decision by Philip Morris Fortune Tobacco Corp. (PMFTC) to cut 640 jobs from its Marikina plant as ‘reeking with treachery’, according to a InterAksyon.com (TV 5) story. In a press note, the BMP said PMFTC had announced the job cuts barely a month […]

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