There is something that most farmers coming from the
Northern part of Luzon will surely be looking forward to. Something that can
uplift their well being, give them more financial stability and provide
additional foods to their plates.
Just recently, one of the country’s
leading manufacturer of low-priced cigarettes
declared that they will buy a substantially huge quantity of tobacco products,
around 10 million kilograms which is worth millions of peso from farmers in the
Northern Luzon and from other parts of the country as well.
Their advocacy of patronizing our very own products is
really commendable and will unquestionably give them the upper hand when it
comes to the tight battle between tobacco companies. This will show their
empathy towards our local farmers and this good deeds of theirs will further
boost their good reputation as a morally upright business.
The declaration was stated in an official letter made by
Oscar Barrientos, Mighty Executive Vice President. The letter was intended to
National Tobacco Administration administrator Edgardo Zaragoza, wherein the
letter’s contents were about Mighty’s pledge of buying tobacco from farmers a
hundred percent more than the five million kilograms which the firm bought last
year.
“This is to assure our
tobacco farmers of our willingness to help in response to the published report
of the market leader in the tobacco industry to lessen production this year,”
Barrientos, a retired regional trial court judge, said.
Coincidentally, this humble
move made by Mighty Corp. will also serve as a proof that the allegation
towards them that they are buying raw materials from foreign lands for a very
cheap price is nothing but an insane falsehood. Mighty Corp. have been attack
by its competitors, the bigger named brands to be specific, mainly because of
their dramatic market share amplification. Mighty Corp. isn’t supposed to be
the one to be blamed since it’s still the consumers who have the last say on
what brand do they prefer to buy anyway.
MC’s market shares surged to almost 20 percent of the low-priced
cigarette brands last year from in 2012, resulting in the payment P8.2 billion
in excise taxes. Their tax obligations as a company is something that Mighty
Corp. never neglects but it’s still amusing how this competitor of theirs
desperately find ways to accuse them of tax violations despite of the concrete
proofs that Mighty Corporation’s side have shown.
Barrientos said the
company’s market shares shot up after the government effectively implemented
Republic Act 10352, or the Sin Tax Law, that leveled the playing field in the
multibillion-peso tobacco industry which was controlled by Philip Morris and
Fortune Tobacco.
This new law is without a doubt
one of the main reason why cigarette smokers switched to lower priced brands of
cigarettes instead of purchasing the usual expensive or mid-priced ones. Regardless
of the fact that the new Sin Tax law greatly affected the tobacco industry,
Mighty Corporation’s sales still continue to grow steadily something that’s
hard not be envious about.
from The Web Magazine