May 24, 2012

Cigarettes Packages Lead to Health Risks

A recent test on gutkha packets by the Food and Drug Administration (FDA) has revealed that most tobacco packets contain the banned toxic chemical magnesium carbonate, the quantity of which is as high as seven per cent. According to oncologists, magnesium carbonate can cause unusual health risks, which include stomach ulcers, irreparable damage to lining of oral cavity among others. Dr Pankaj Chaturvedi, neck, and head cancer surgeon at Tata Memorial Hospital (TMH) said, “Magnesium carbonate can cause numerous complications; these range from hypo-tension, nausea, vomiting, respiratory depression, loss of deep tendon reflex, dilated pupils, altered mental status, and coma.

May 15, 2012

Tax-Free Tobacco Limit Suspended

Due to strong lobbying by the duty free shops at Ben-Gurion Airport and the tobacco companies, the limit of one carton of tax-free cigarettes Israelis traveling abroad will be allowed to purchase – instead of the current two – will take effect only on April 24. The World Health Organization’s Framework Convention on Tobacco Control – which Israel ratified – calls for the complete barring of duty-free tobacco products at airports and seaports. The Knesset Finance Committee approved on Monday morning the Finance Ministry’s orders to halve the number of cigarette cartons allowed for sale without duty. The Health Ministry recommended that no tobacco products at all be given duty-free status, but pressure from vested interests watered down the legislative action. The duty-free chain James Richardson told the committee that without such cigarette sales, their profits would plummet and airport taxes for passengers would rise.

May 8, 2012

Tobacco Market a Hard Business

Somebody forgot to tell investors that cigarettes are a declining business.The S&P 500 tobacco index has beaten the market, jumping 13% so far this year after surging 36% in 2011. While the U.S. tobacco industry must wrestle with falling cigarette sales, rising taxes and potential litigation headaches, dividend hunters can't kick the industry's lush payouts. "The products tobacco companies make are abhorrent, . . . but they are amazing businesses," says Darren McKiernan, a portfolio manager with Invesco Canada. "The beautiful thing about it is that these companies generate so much cash," he added. "They pay out 50% to 75% of their earnings in the form of dividends, and they buy back stock."

May 3, 2012

Smoking Regulations Stricter in Santa Monica

That's the message in Hermosa Beach, where a push to comprehensively stamp out smoking is under way. And four months after approving a ban on smoking in public gathering areas - including outdoor dining areas on Pier Plaza - city leaders have embarked on an outreach program to spread the word. Based on smoking regulations in Santa Monica and Calabasas, the Hermosa Beach smoking law all but bans lighting up in places where the public congregates. Smoking will be outlawed in Pier Plaza and outdoor dining areas, public parks and parking lots, the pier and Strand, and the greenbelt, the pedestrian path between Valley Drive and Ardmore Avenue The ordinance takes effect Thursday. "While California has some of the strictest laws in the nation regarding tobacco control, it's clear state law falls short when it comes to protecting the public from second-hand smoke in outdoor gathering areas," said Councilman Jeff Duclos, who first proposed the ordinance in November 2010. "It's because of this that it has become the mantle of the city to take this on and protect the public safety and health of its residents."

Apr 24, 2012

Illegal Foreign Smoking Products

The supply of expensive smuggled cigarette brands is likely to dry up for upper echelons of the federal capital, including foreigners and bureaucrats, after the Federal Bureau of Revenue (FBR) moved to check the influx of non-duty paid cigarettes. The Inland Revenue’s Directorate-General of Intelligence and Investigation is learned to have formed a number of mobile teams to survey all markets of Islamabad and Rawalpindi. Sources said that Islamabad was the hub of policymakers, but the consumption of expensive cigarette brands had become a status symbol for the federal capital’s elite. After the scope of an earlier exercise to check the availability of non-duty paid cigarettes limited to local cigarette manufacturers was broadened to include smuggled foreign cigarettes, the Inland Revenue’s directorate of intelligence would be keeping a close watch over the consumption and the quantity of such cigarettes.

Apr 18, 2012

Smoke-Free Haddad Park

Parks and Recreation Committee advanced a measure that would ban smoking at Haddad Riverfront Park during public events. Committee members unanimously approved the resolution and forwarded it to the full City Council with a recommendation it be approved. Committee members also struck a section from the ordinance that would have allowed the host of an event to create special smoking sections within the park. The ban would prohibit smoking from the northern shore of the Kanawha River, through the seating and to the edge of the sidewalk along the southern side of Kanawha Boulevard. The non-smoking area also would include the park from Capitol Street to the Court Street overlook and pavilion. The resolution prohibits the smoking of a pipe, cigar, or cigarette "of any kind containing any tobacco product or any kind of weed or plant." Parks and Recreation Chairwoman Susie Salisbury, a Charleston councilwoman from Fort Hill, said the smoking ban also would apply to performers and stagehands. People leaving boats also would not be allowed to smoke. "Someone stepping off their boat onto the dock can't have a cigarette in their hand," she said.

Apr 12, 2012

Philip Morris Tobacco Business, Pakistan Cigarettes Market

Philip Morris Pakistan Limited is a public listed company on the Karachi and Lahore Stock Exchanges and is an affiliate of Philip Morris International Inc (PMI). Amongst the two multinational tobacco companies in Pakistan, Philip Morris Pakistan Limited (formerly known as Lakson Tobacco) stands at number two to Pakistan Tobacco Company. The tobacco company is involved in the manufacture and sale of cigarettes for the domestic market. It currently operates three cigarette factories with primary and secondary facilities and one tobacco leaf threshing plant, all located in various parts of the country.It also runs an extensive tobacco leaf agronomy programme in the tobacco growing areas of Khyber Pakhtunkhwa.