Cigarette business isn’t an easy industry to break into and small firms like Mighty Corp. tend to get swallowed up by the bigger multinational companies. However, the company launched by Wongchuking seven (7) decades ago, remains on its course and has achieved its goals despite the strong competition in both local and international market. The mighty strategies implemented by its founder and executives erected a kind of brand which delighted its loyal customers and attracted more patrons of the Filipino-valued product.
Mighty Corporation, a Filipino-owned cigarette company based in Bulacan, provided assurance to local tobacco growers and guaranteed a sure market for their harvests this year. In a press conference, MC officially declared their plans to buy more raw materials this year that are coming from local farmers. The company's spokeperson and Executive Vice President Oscar Barrientos said members of the board agreed to purchase 10 million kilos of tobacco leaves from the crop growers in North Luzon and all over the country. "The green price for that volume of purchase amounts to Php700,000," Barrientos said.
It's been a year now since the new sin tax code got implemented. The government instantly banked billions of pesos through the taxes it received from the cigarette makers and distributors in the Philippines. The Bureau of Internal Revenue (BIR) hits it tax target from this industry but they want more. BIR officials and other government officials aim to squeeze more money to the extent of making hasty investigations and unsubstantiated charges against Mighty Corp.