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Tag: "tobacco"

UK campaigners condemn ‘sexist’ study on plain packaging

April 25, 2013 | Comments (0)

Campaigners in the U.K. opposed to plain packaging of tobacco have described as “sexist” a study that says young female smokers get less satisfaction and less enjoyment from smoking cigarettes that come in plain, standardized packs. Hands Off Our Packs campaigner Angela Harbutt, a smoker, said, “The idea that plain packaging will have a greater […]

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E-cigarettes could turn kids into smokers, health department says

April 25, 2013 | Comments (0)

The Philippine health department warned the public on April 12 against e-cigarettes, saying the tobacco substitute could turn children into smokers. E-cigarettes have been gaining favor among Filipinos as higher tobacco taxes make smoking more expensive, according to a story in the Manila Times. Food and Drug Administration director-general Kenneth Hartigan-Go disputed what he said were […]

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Indonesia: Cigarette makers blame costs for lower profits

April 25, 2013 | Comments (0)

Cigarette manufacturers in Indonesia blamed higher production costs and currency fluctuations for the slow-down in their business throughout 2012. Revenues at PT Gudang Garam increased by 17.1 percent to reach IDR49.03 trillion ($5 billion). However, their spending also increased, jumping 25.6 percent to IDR39.84 trillion. The higher spending and losses from currency fluctuations ultimately saw […]

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TTM wary of decreasing market share

April 25, 2013 | Comments (0)

The Thailand Tobacco Monopoly (TTM) has gradually lost market share to imported cigarettes since the country lifted the tax barrier two decades ago, says director-general Torsak Chotimongkol. Local cigarettes still claim 76 percent of the market, but foreign cigarettes are likely to gain one percentage point to 25 percent by the end of this year, according to […]

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Vietnam’s anti-smoking law to take effect May 1

April 25, 2013 | Comments (0)

Vietnam’s law on the prevention and control of smoking takes effect on May 1, 2013, according to the Health Ministry, according to a story in VietnamPlus. The law, with five chapters and 35 clauses, regulates measures aimed to reduce the demand for tobacco, control supply and prevent tobacco harm, said the ministry at a conference in […]

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TIMB report: nearly $300 million in sales of golden leaf

April 25, 2013 | Comments (0)

The Tobacco Industry and Marketing Board (TIMB) has recorded close to $300 million from the sales of the golden leaf as more farmers deliver their crop to the country’s three auction floors, according to a story by Zimbabwe’s NewsDay. TIMB shows that as of Wednesday (Day 44), revenue had reached $289 million from 77,787 million […]

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Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

April 25, 2013 | Comments (0)

Lorillard’s first-quarter profit jumped 47 percent as higher prices, e-cigarette sales and lower legal expenses from a longstanding legal settlement offset a decline in traditional cigarette sales. The nation’s third-biggest tobacco company on Wednesday reported earnings of $328 million, or 86 cents per share, for the period ended March 31, up from $223 million, or […]

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Reynolds American profits jump 88 pct in Q1, volume down

April 24, 2013 | Comments (0)

Consumers squeezed by higher gas prices and an increase to the payroll tax led Reynolds American Inc. to report a sharp drop in cigarette volumes in the first quarter. “Overall, the external environment remained challenging,” President and CEO Daniel Delen said. “Industry cigarette volumes were negatively impacted by higher energy prices, the expiration of the payroll-tax […]

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Australian fund gets tough on TOMRA’s tobacco ties

April 23, 2013 | Comments (0)

An Australian superannuation and investment fund is leading an international effort to pressure a Norwegian machinery maker to leave the tobacco  industry. In what amounts to a new front in the war against tobacco, Australian Ethical will put forward a resolution on Monday at the annual general meeting of Norwegian company TOMRA, demanding it stop selling tobacco sorting […]

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NC tobacco tax totals turn down

April 19, 2013 | Comments (0)

North Carolina, USA, is catching up with a lot of other American states in collecting less tax revenue on cigarettes and other forms of tobacco. In the first nine months of fiscal 2013, which began in July, state revenue collections were $190 million, down 6 percent from the $202 million that came in during a comparable […]

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