Wednesday, March 12, 2014

Should Congress slow down over Mighty Corporation?


Should Congress slow down over the investigation against cigarette manufacturer Mighty Corporation?

With the controversies surrounding the Filipino-owned tobacco manufacturer in the country, Mighty Corporation, they were crushed by its rival companies on misleading information about them and led an investigation in the House of Representative.

The Congress and other government agencies urged to vigilant handling its inquiry over the cigar companies in the country.

According to party-list representative Rodel Batocabe, he said that the probe being conducted in the House of Representatives into “unscrupulous entities” in the cigarette industry should not focus solely on one company but the entire industry.

“If we were to investigate, let us not single out one company but [look into] the entire industry to prevent any unnecessary innuendos or speculations,” Batocabe said.

Instead of focusing over Mighty Corp’s case, the lawmakers must also check other companies. According to Kabataan party-list Rep. Terry Ridon says that Congress must shake down Mighty, which is a legitimate Filipino company in existence for 68 years.

“… We will always be in defense of national firms against offensives of foreign firms to force it out of business,” Ridon said. Aside from paying billion of taxes to the government, Mighty also helped a lot of farmers in the provinces.

Meanwhile, Mighty legal counsel Miguelito Ocampo belied rumors circulation on media against them.

“While our company cannot comment on how other cigarette companies price their cigarettes, what we can say is that our company can sell one-peso-per stick cigarettes because... Mighty does not pay royalty fees to foreign companies for the use of our brands of cigarettes,” Ocampo said.

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