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Struggling with slow sales, cigarette giant Philip Morris Fortune Tobacco Corp. (PMFTC) slashed more than 30 percent of its workforce in its manufacturing plant in Marikina as part of a restructuring plan to improve its overall operating efficiency and cost structure.

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                    [Title] => PMFTC to invest P2.2 B in Mindanao
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Philip Morris Fortune Tobacco Corp. (PMFTC), the country’s largest cigarette maker, remains in investment mode with plans to infuse about $50 million (around P2.2 billion) in fresh capital to expand its Virginia tobacco leaf production in Mindanao.

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                    [Title] => Senate tax study kinatigan ng BOC officials at NTA
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                    [Title] => Philip Morris still bullish despite illicit tobacco trade
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Global cigarette giant Philip Morris International (PMI) remains optimistic about its prospects in the Philippines even as it continues to face problems in fighting illicit tobacco trade.

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                    [Title] => BIR won’t reclassify premium cigarets to low-tier brands
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The Bureau of Internal Revenue has thumbed down a proposal to reclassify premium brands to low tier cigarettes.

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                    [Title] => BAT joins call for stricter monitoring of illicit cigarettes
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British American Tobacco (BAT), the maker of Lucky Strike cigarettes, has joined calls for stricter monitoring of illicit trade of cigarettes, which has grown to epic proportions and is seen to cost the Philippine government some P8 billion in potential revenues.

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                    [Title] => LT Group raises P38B in biggest follow-on share sale
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The investment holding firm of the country’s second-richest man Lucio Tan has secured roughly P38 billion in the largest follow-on share sale of a Philippine company.

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                    [Title] => LT Group P30-B share sale enjoying brisk demand from foreign investors
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The roughly P30-billion overseas share sale of tycoon Lucio Tan’s flagship holding firm is enjoying robust demand from foreign investors.

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                    [Title] => LT Group launches follow-on offering
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                    [Title] => UN concerned over tobacco fair in Philippines
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FORTUNE TOBACCO CORP

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Philip Morris Fortune Tobacco Corp. (PMFTC), the country’s largest cigarette maker, remains in investment mode with plans to infuse about $50 million (around P2.2 billion) in fresh capital to expand its Virginia tobacco leaf production in Mindanao.

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                    [Title] => Philip Morris still bullish despite illicit tobacco trade
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Global cigarette giant Philip Morris International (PMI) remains optimistic about its prospects in the Philippines even as it continues to face problems in fighting illicit tobacco trade.

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                    [Title] => BAT joins call for stricter monitoring of illicit cigarettes
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British American Tobacco (BAT), the maker of Lucky Strike cigarettes, has joined calls for stricter monitoring of illicit trade of cigarettes, which has grown to epic proportions and is seen to cost the Philippine government some P8 billion in potential revenues.

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                    [Title] => LT Group P30-B share sale enjoying brisk demand from foreign investors
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                    [Title] => LT Group launches follow-on offering
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                    [Title] => UN concerned over tobacco fair in Philippines
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abtest

Philip Morris cuts 30% of its Marikina workforce

By Zinnia B. Dela Peña | January 14, 2015 - 12:00am

Struggling with slow sales, cigarette giant Philip Morris Fortune Tobacco Corp. (PMFTC) slashed more than 30 percent of its workforce in its manufacturing plant in Marikina as part of a restructuring plan to improve...

Business

PMFTC to invest P2.2 B in Mindanao

By Zinnia B. Dela Peña | December 3, 2014 - 12:00am

Philip Morris Fortune Tobacco Corp. (PMFTC), the country’s largest cigarette maker, remains in investment mode with plans to infuse about $50 million (around P2.2 billion) in fresh capital to expand its Virginia...

Business

Senate tax study kinatigan ng BOC officials at NTA

By Malou Escudero | October 29, 2014 - 12:00am

Kinatigan ng dalawang opisyal ng gobyerno ang natuklasan ng Senate Tax Study and Research Office (STSRO) na nagkaroon ng pag-abuso...

Bansa

Philip Morris still bullish despite illicit tobacco trade

By Zinnia B. Dela Peña | July 6, 2014 - 12:00am

Global cigarette giant Philip Morris International (PMI) remains optimistic about its prospects in the Philippines even as it continues to face problems in fighting illicit tobacco trade.

Business

BIR won’t reclassify premium cigarets to low-tier brands

By Zinnia B. Dela Peña | December 16, 2013 - 12:00am

The Bureau of Internal Revenue has thumbed down a proposal to reclassify premium brands to low tier cigarettes.

Business

BAT joins call for stricter monitoring of illicit cigarettes

By Zinnia B. Dela Peña | June 29, 2013 - 12:00am

British American Tobacco (BAT), the maker of Lucky Strike cigarettes, has joined calls for stricter monitoring of illicit trade of cigarettes, which has grown to epic proportions and is seen to cost the Philippine...

Business

LT Group raises P38B in biggest follow-on share sale

By Neil Jerome C. Morales | April 18, 2013 - 12:00am

The investment holding firm of the country’s second-richest man Lucio Tan has secured roughly P38 billion in the largest follow-on share sale of a Philippine company.

Business

LT Group P30-B share sale enjoying brisk demand from foreign investors

By Neil Jerome C. Morales | April 10, 2013 - 12:00am

The roughly P30-billion overseas share sale of tycoon Lucio Tan’s flagship holding firm is enjoying robust demand from foreign investors.

Business

LT Group launches follow-on offering

By Neil Jerome C. Morales | April 9, 2013 - 12:00am

LT Group Inc., the flagship holding firm of tobacco, beer and airline magnate Lucio Tan, launched yesterday its overseas follow-on offering.

Business

UN concerned over tobacco fair in Philippines

March 20, 2013 - 7:54pm

The World Health Organization has expressed concern that the Philippines is encouraging smoking by hosting one of the world's largest tobacco trade shows.