Tag: philippines

Mighty rise in tax receipts

Mighty rise in tax receipts

| November 9, 2017

The Philippines’ Department of Finance says that it expects JTI Philippines to pay about P2 billion more a month in taxes than was paid by the company it took over, Mighty Corporation.

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BAT leaving Philippines

BAT leaving Philippines

| November 6, 2017

Given BAT’s small-scale operation in the Philippines, the highly consolidated nature of the market there and the lack of inorganic opportunities, the company is taking its leave.

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Tax-stamp roll-out deferred

Tax-stamp roll-out deferred

| October 12, 2017

The tweaking of the security features on new tax stamps in the Philippines is delaying their deployment.

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Double vision on taxes

Double vision on taxes

| October 11, 2017

Doubling the tax on cigarettes would undoubtedly be a body blow to smokers in the Philippines, but it might also take the wind out of government revenues.

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Mighty tax case closed

Mighty tax case closed

| October 9, 2017

Three tax evasion complaints against Mighty Corporation have been withdrawn following an agreement under which the Philippines’ government is to be paid about P40 billion.

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Mighty muddle

Mighty muddle

| September 27, 2017

The Philippines’ cigarette-tax-stamp supplier was apparently not expecting the rush of orders that ensued after the takeover of Mighty Corp by the Japan Tobacco group.

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New tobacco floor prices

New tobacco floor prices

| September 22, 2017

New minimum tobacco prices that will be in force for the next two sales seasons are too low for growers and too high for buyers. So what’s new?

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Mighty little market impact

Mighty little market impact

| September 19, 2017

It might have been a Mighty acquisition, but Japan Tobacco Inc.’s purchase of the Philippines’ only major indigenous manufacturer has had little impact on the balance of the market.

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Smokers have rights too

Smokers have rights too

| September 11, 2017

Restrictions on where people may smoke in the Philippines are not well understood by some of those charged with enforcing those restrictions.

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Deadlock over leaf prices

Deadlock over leaf prices

| September 8, 2017

It doesn’t seem to make much sense to hold down leaf prices – perhaps below the cost of production – because cigarette manufacturers are holding too much stock.

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JT’s Mighty deal completed

JT’s Mighty deal completed

| September 8, 2017

The acquisition of Mighty Corporation by Japan Tobacco Inc largely brings to an end a ‘disruptive’ period in the history of the Philippines’ cigarette market.

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Leaf production down

Leaf production down

| September 7, 2017

Dissatisfaction with the grading system in the Philippines is apparently causing some tobacco growers to reduce their plantings.

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Growers told to up quality

Growers told to up quality

| September 7, 2017

One of two stories published in the Philippines yesterday suggests that growers can earn more by improving leaf quality, while the second suggests that graders might downgrade their leaf.

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JT acquires Mighty Corp

JT acquires Mighty Corp

| August 22, 2017

With the acquisition of Mighty Corporation, the Japan Tobacco group has become the second largest tobacco company in the Philippines, the 10th largest tobacco market.

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Schools show the way

Schools show the way

| August 3, 2017

Schools in the Philippines are taking a lead role in enforcing a public-places, tobacco-smoking ban that came into effect in May.

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Tax deal edges closer

Tax deal edges closer

| July 21, 2017

The acceptance of an initial payment of about P3.5 billion toward the liabilities of the Philippines’ Mighty Corp seems to be the harbinger of a final resolution of this tax dispute.

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Tobacco production secure

Tobacco production secure

| July 18, 2017

Even though they have been offered incentives to diversify into other crops and even though some diversification has occurred, tobacco growers in the Philippines seem happy to keep growing tobacco.

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DIY smoking ban

DIY smoking ban

| July 14, 2017

It appears that in the Philippines businesses and other establishments are being asked to comply with the provisions of a smoking ban that are not yet in place.

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Mighty tax story moves on

Mighty tax story moves on

| July 13, 2017

The long-running story of Mighty Corporation’s tax affairs could be drawing to a close if the Philippines’ tax authorities conclude that Mighty’s offer is one they cannot refuse.

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National quit-line launched

National quit-line launched

| June 20, 2017

The Philippines now has a national tobacco-smoking quit-line; and an ambition that, with the help of this new tool, smoking prevalence will fall significantly.

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