ASH Daily news for 15 June 2016
1 August 2016
ASH Daily news for 15 June 2016
- Price increases and stronger product mix to offset European tobacco companies’ declining volumes
- Indonesia: Tobacco firms ignore legal restrictions
- Philippines: Casinos seek smoking ban exemption
- Australia: Celebrate a smoke-free Father’s Day
- USA, Oregon: Raising the age for the purchase of tobacco
Price increases and stronger product mix to offset European tobacco companies’ declining volumes
A report by Moody’s Investors Service forecasts that European tobacco companies will experience steady operating profit growth, excluding foreign exchange effects, of around 4%-5% in the next 12-18 months. Moody’s says this will be driven by price increases across markets of around 5%-6%, “a stronger product mix and contributions from cost efficiencies”. However, whilst the pace of volume decline in Western Europe slowed in 2014-15, Moody’s notes it could accelerate again during the next 12-18 months as a result of new legislation designed to reduce smoking.
[Note report available to subscribers only.]Source: Moody’s Investors Service, 15 June 2016
Indonesia: Tobacco firms ignore legal restrictions
Despite have some of the highest smoking rates in the world, Indonesia has reduced its efforts to control the tobacco industry in the face of powerful lobbying by business interests, according to a health NGO.
Smoke Free Agents, a non-profit anti-tobacco group, points to the number of music concerts packed with young people in Greater Jakarta that are not smoke-free despite the legal ban on tobacco promotion at such events.
Between February and March, the watchdog counted eight concerts that were sponsored by the tobacco industry in which products were openly promoted to young audiences.Source: The Jakarta Post, 14 June 2016
Philippines: Casinos seek smoking ban exemption
Casino operators are to meet the country’s President elect Rodrigo Duterte to express their concerns about a proposal to ban smoking in the country’s casinos. Mr Duterte is currently mayor of Davao and will take over as President on 30th June. As mayor of Davao, he has imposed a limited ban on smoking and drinking in public places. Currently, smoking and drinking in commercial locations is permitted only in designated areas of the city and sale of the same commodities is not permitted between 1am and 8am. It is understood Mr Duterte wants to extend these restrictions right across the country.Source: Intergame online, 14 June 2016
Australia: Celebrate a smoke-free Father’s Day
A feature in the Sydney Herald reminds readers that Father’s Day is a great time for dads to remember the important role they play in influencing the choices their children make regarding tobacco use. The article gives tips on how fathers can protect their children from smoking.Source: Sydney Herald, 15 June 2016
USA, Oregon: Raising the age for the purchase of tobacco
Lane County in the US state of Oregon could follow the states of California and Hawaii, as well as dozens of other US cities, by raising the purchasing age of tobacco from 18 to 21. The County’s Board of Commissioners has issued an order for a draft ordinance to be published.Source: The (Eugene) Register-Guard, 14 June, 2016