Cigarette firm’s closure to hurt thousands of tobacco farmers - News Summed Up

Cigarette firm’s closure to hurt thousands of tobacco farmers


Hundreds of thousands of Filipinos supposedly will be affected if the government makes good its threat to close down homegrown tobacco company Mighty Corp. Barrientos called on the government to ensure due process for the tobacco firm as it faces charges of tax evasion. Earlier, Mario Cabasal, president of the National Federation of Tobacco Farmers Associations andCooperatives, said tobacco farmers supposedly will bear the brunt if Mighty Corp.’s operation is shut down. If the government makes good its threat to close down Mighty Corp., tobacco farmers will bear the brunt of the closure,” Cabasal noted. Considering that the company produces predominantly low-priced brands, according to Cabasal, the cigarette firm is the biggest buyer of local tobacco.


Source: Manila Times April 23, 2017 14:37 UTC



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