Archive - June 2009

Canadian tobacco bill comes under fire

A move by the Canadian parliament to keep flavoured cigarettes away from children is coming under fire from members of the US Congress amid charges it...

BAT buys majority stake in Bentoel

British American Tobacco (BAT) will pay USD 494 million for 85 per cent of Indonesia’s PT Bentoel Internasional Investama.

JT acquires Tribac, sets up joint venture

Tribac operates in several parts of the world, including Malawi, Zambia, China and India. In addition the JT Group will enter into a long-term agreement with...

NYC loses cigarette tax suit

Top New York court says New York City lacks legal standing to sue Internet cigarette retailers for lost taxes.

JTI invests in Bucharest cigarette plant

Japan Tobacco International (JTI), the third largest player on the Romanian cigarette market, will invest EUR 30 million in two new production lines at its...

Excise tax to rise by 10 per cent

The government is set to increase the excise rate on cigarettes by 10 per cent next year, reports the Jakarta Post.

Life, health insurers invest big in tobacco

Major US, Canadian and British life and health insurance companies have billions of dollars invested in tobacco companies, a study published Wednesday in the...

PMI sells stake in GPI

Philip Morris International (PMI) has sold a 10.8-per-cent-stake in Godfrey Philips India (GPI) to KK Modi IFS, its partner in the Indian joint venture.

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