Company Overview and News

P80-M worth of smuggled, fake cigarettes found in Malabon, Manila

An anti-cigarette smuggling task force uncovered smuggled and fake cigarettes worth about P80 million in Malabon and Manila last week amid higher prices of the so-called sin product due to the government’s first tax reform package, the two leading tobacco manufacturers said.
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Excise tax increase triggers widespread cigarette smuggling

2018-04-16 bworldonline
THE BUREAU of Internal Revenue (BIR) said smuggled cigarettes are currently flooding the market, in response to the rise in excise taxes this year.
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Cigarette smuggling on the rise – BIR

Cigarette smuggling is on the rise partly due to higher prices as a result of increased excise taxes under the first tax reform package, Internal Revenue Commissioner Caesar R. Dulay said on Monday.
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Japan’s new fiscal year starts amid government scandal and higher food prices

The government, along with businesses, marked the first business day of fiscal 2018 on Monday, with the former pledging revival after being hit by scandals while some food and beverage producers hiked prices due to increasing personnel and raw material expenses.
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Menlo Therapeutics Reports Fourth Quarter and Full Year 2017 Financial Results

2018-03-28 globenewswire
REDWOOD CITY, Calif., March 28, 2018 (GLOBE NEWSWIRE) -- Menlo Therapeutics Inc. (NASDAQ:MNLO), a late-stage biopharmaceutical company focused on the development of serlopitant, for the treatment of pruritus associated with various underlying dermatologic conditions and for refractory chronic cough, today announced financial results for the fourth quarter and year ended December 31, 2017 and provided an update on its clinical development programs.
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PAOK Fans Defend Gun-Toting Soccer Boss Savvidis, in Hiding

2018-03-26 thenationalherald
He may be a wanted man in Greece, but fans of the Thessaloniki-based PAOK soccer team love its owner, Ivan Savvidis, who’s in hiding after taking a gun onto the field while protesting a goal waved off against rival AEK of Athens.
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Gun-Toting Russian Who Charged Onto a Soccer Field Just Became a Billionaire - Bloomberg

2018-03-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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A vote of confidence in the Philippines

2018-03-20 bworldonline
Foreign Direct Investments (FDI) recorded an all-time high in President Rodrigo R. Duterte’s first full year in office, reaching $10 billion in 2017 and surpassing the government’s $8 billion target. The 2017 figures came on the heels of the widely circulated US News & World Report, which cited the Philippines as one of the top countries to invest in, even outranking our neighbors such as Indonesia, Malaysia, and Singapore.
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In Greece's Thessaloniki, club owner who invaded pitch is king

Thessaloniki (Greece) (AFP) - A Greek-Russian businessman of humble origins, PAOK FC owner Ivan Savvidis has put Greek football once again under the spotlight after storming onto the pitch with a holstered gun at his belt.
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Flash - Japan Tobacco buys Russia's fourth-largest cigarette maker - France 24

2018-03-17 france24
Japan Tobacco has agreed to buy Donskoy Tabak, Russia's fourth-largest cigarette maker, for $1.6 billion (90 billion roubles) in a bid to reinforce its leading position in the country.
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Greek Tobacco Company SEKAP Passes to Japan Tobacco Ownership

2018-03-17 thenationalherald
SEKAP, the Greek Cooperative Tobacco Industry that was owned by Donskoy Tabak since 2013, will pass to Japanese ownership as part of a larger package deal worth around 1.6 billion dollars that was signed on Friday.
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Japan Tobacco buys Russia’s No. 4 cigarette maker Donskoy Tabak for $1.6 billion

GENEVA – Japan Tobacco Inc. has agreed to buy Russia’s Donskoy Tabak for 90 billion rubles ($1.6 billion), strengthening its leading position in Russia as competition from cigarette alternatives erodes its domestic market share.
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Japan Tobacco to buy Russian tobacco group Donskoy for $1.6 billion

2018-03-16 cnbc
Japan Tobacco has agreed to buy Russia's Donskoy Tabak for about 90 billion roubles ($1.56 billion) to strengthen its leading position in the world's third-largest tobacco market.
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Trade dep’t sees 10-15% hike in manufacturing FDIs in 2018

2018-03-14 bworldonline
FOREIGN direct investments (FDIs) in Philippine manufacturing will grow by a “reasonable” 10-15% in 2018 as investors remain bullish on the economy’s prospects, though this year’s pace will be a marked slowdown from 2017’s surge, the Department of Trade and Industry (DTI) said on Wednesday.
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TRAIN, inflation, and competitiveness

2018-03-11 bworldonline
The government’s Tax Reform for Acceleration and Inclusion (TRAIN) began to make an impact on inflation this January and February, with a spike of 3.9% under the revised series. In line with international practice, the consumer price index (CPI) series is rebased periodically by the Philippine Statistics Authority to ensure that the prices in the basket of goods being measured stay relevant and representative.
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CUSIP: J27869106