Filipinos are fond of watching rivalries and battles whether it’s on the basketball court, boxing ring, political arena or even in daily soap operas on TV.
And if you think that a David and Goliath confrontation can only be found in the entertainment section of a newspaper, you might want to try browsing the business section for some interesting happenings in the biz world today.
Have you heard of the recent stand of Mighty Corp. Inc., a Philippine tobacco manufacturer, that it will fight back within the law against multinational competitors trying to control the country’s multibillion-peso local t0bacc0 industry?
It was reported that Philip Morris and partner Fortune T0bacc0 Corp. complained that the Filipino-owned company had eaten into its market through the sale of P1-per-stick cigarettes through allegedly illegal withdrawals and misdeclaration of imported raw materials.
Mighty Corp. Inc. lawyer Miguelito Ocampo has denied such accusation and said, “We assure our loyal customers, bankers, retailers, wholesalers and employees that we will not remain passive against the subterfuge and other malicious and damaging trickeries employed by our competitors in trying to destroy our business,”
Selling of low-priced cigarettes is allowed under Republic Act 10351 or better known as the new sin tax law.
He also added that this is not possible because the Bureau of Customs and the Bureau of Internal Revenue are tightly and closely monitoring their shipments, manufacturing, withdrawals and marketing.
Ocampo also dismissed reports that Mighty allegedly resorted to technical smuggling and illegal withdrawals that enabled the company to sell low-priced cigarettes.
“This kind of disinformation does not only undermine the integrity of our revenue authorities but also deceives the public, consumers in particular, to create hatred against our company and in the process undermine our market,” Ocampo emphasized.
And while we wait for the smoke to clear regarding this issue, for now we can just sick back, relax and say, “Abangan ang susunod na kabanata” just like in our favorite TV series.
Good post over the issue circulating on Mighty. It’s hard to judge a company that known for its cheap cigarette products in the country. The two major tobacco manufacturers must check their own first before they criticize their competitor.
Well, that’s why some members of the congress are asking for a neutral handling of some probe on the issue with Mighty. It should be an industry-wide investigation and not just for one company. Tnx for visiting this blog, Lane!
Why are their complaining, in a fact Mighty is just helping our economy. Hope there will no war against cigarette companies.
That we can’t understand. Let’s wait for further developments re this matter
Why focus on mighty?? Many companies there are selling at high price. For me, govt. really isn’t fair. There’s nothing wrong with the Mighty corp. Govt. should be happy because they helped fellow Filipino’s. So why accused them? Mighty is great and affordable.
That’s why come congressmen are asking for an industry-wide investigation. Thanks for visiting our website
The word rivalry becomes more interesting when the other party looked and described as an under dog. The Might Corp maybe considered as one. However not all battles end just like the epic tale of David and Goliath. Not all Davids stand by truth and Goliath to be convicted. It’s too story shaped. As for Mighty Corp, though underdog. be strong. There is more to Earthquake…the after shocks. Sooner or later you’ll be rocked harder by giant foreign companies. This reminds me of status quo. Where are the Filipino brands again? almost shattered.
Rivalry or competition gives opportunity for products to be improved and prices lowered and that’s good for the consumers