Daily Archives: February 26, 2010

How the sin tax policy created a duopoly

MANILA, Philippines - The cigarette industry in the country has long been a showcase of how political economy works in the Philippines. While businessman Lucio Tan has been generally perceived to have perfected the art of influencing regulation and tax schemes to favor his Fortune Tobaco Corp., the expansion efforts of multinational player Philip Morris in the Philippines has changed the playing field.

BAT Sees Signs Of Recovery as Earnings Rise

LONDON - British American Tobacco, the world’s second-biggest cigarette maker, reported signs global economies were starting to improve, as it met forecasts with a 19 percent rise in 2009 earnings on Thursday.

Big Tobacco and the Historians

Last summer Robert Proctor, a Stanford professor who studies the history of tobacco, was surprised to receive court papers accusing him of witness tampering and witness intimidation, along with a subpoena for his unfinished book manuscript. Then in January he got another subpoena, this one for three years of e-mails with a colleague, and also for his computer hard drive. Attorneys for R.J. Reynolds and Philip Morris USA are trying to get him barred from testifying in a Florida court as an expert witness on behalf of a smoker with cancer who is suing the companies.