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The local unit of Philip Morris International and Lucio Tan-owned Fortune Tobacco Corp. have agreed to join forces to form a new company which will virtually monopolize the local cigarette market, top officials of the two companies said yesterday.
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FORTUNE TOBACCO AND PHILIP MORRIS

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abtest

'Pawns' in the battle royale

By Rey Gamboa | March 5, 2012 - 12:00am

The ongoing process to reform the excise tax particularly relating to cigarettes is turning out to be a battle royale.

Business

PMPMI, Fortune team up to form tobacco giant

By Ma. Elisa Osorio  | February 26, 2010 - 12:00am

The local unit of Philip Morris International and Lucio Tan-owned Fortune Tobacco Corp. have agreed to join forces to form a new company which will virtually monopolize the local cigarette market, top officials of...

Business