Philippines Loses P141B to Illicit Tobacco & Vape Trade
The Philippines has lost an estimated P141 billion ($2.46 billion) in government revenue to the illicit tobacco and vape trade over the past two years. This staggering financial drain, documented in a new joint report by the EU-ASEAN Business Council (EU-ABC) and Euromonitor International, highlights how widening price gaps and rising taxes have fueled a […]
