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Noth AmericaMore

The nation's top tobacco manufacturer, Altria Group Inc., is urging the U.S. Food and Drug Administration to loosen its planned tightened restrictions on electronic cigarettes and vaporizers even though its MarkTen brand could be a major beneficiary of the squeeze.

AsiaMore

KT&G Corp., South Korea's state-run tobacco producer, on Thursday said its net profit gained 11.9 percent in the second quarter from a year ago on the back of brisk sales in the domestic market. Net profit came to 291.6 billion won (US$2.55 million) on a consolidated basis in the April-June period, compared with 260.7 billion won a year earlier, the company said in a regulatory filing.

OceaniaMore

The Australian government says that it will increase tobacco excise during each of the next four years by amounts that, according to various estimates, would raise the retail price of a pack of cigarettes to A$40-45 or above. Smokers, through paying the additional excise levies, are expected to provide the treasury with A$4.7 billion during the next four years. According to an Australian Broadcasting Corporation (ABC) story, in 2013 the former Labor government increased tobacco excise by 12.5 percent a year for four years, which helped raise the retail price of cigarettes to about A$25-30 a pack. Now, the current government has decided to follow Labors policy by increasing excise by 12.5 percent for each of the next four years.