.... moving towards a tobacco free india

TFI Login

Indonesia to hike cigarette excise, cut production

JAKARTA, April 1 (Reuters) - Indonesia plans to raise the cigarette excise tax, a senior industry ministry official said on Thursday, to offset lower production and further discourage smoking in the world's fifth-largest tobacco market. The tobacco industry plays an important role in Southeast Asia's biggest economy, as it provides millions of jobs while excise taxes on cigarettes account for about 10 percent of government revenue.

The big cigarette companies, including PT Hanjaya Mandala Sampoerna have traditionally been regarded by investors as a play on domestic consumption.

Indonesia set a target of 57 trillion rupiah ($6.27 billion) for revenue from cigarette excise in 2010, up from 54 trillion rupiah in 2009, reflecting the increase in excise, said Benny Wahyudi, director general for Agriculture and Chemical Industries at the Industry Ministry.

Please Login to read the full article

< Prev		Next >

Discuss this item on the forums. (0 posts)

Tobacco Facts

Because there is a lag of several years between when people start using tobacco and when their health suffers, the epidemic of disease and death (as it appears today) has just begun in this world. Millions are going to die due to tobacco.

100 million deaths were caused by tobacco in the 20th century. If current trends continue, there will be up to one billion deaths in the 21st century.
Unchecked, tobacco-related deaths will increase to more than eight million a year by 2030, and 80% of those deaths will occur in the developing world.