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mightycorporation-blog · 8 years ago

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Mighty Corporation aids Southern Luzon through its CSR projects

Mighty Corp. shows its support for the local farmers up north.

In line with their recent expansion, Mighty developed various Corporate Social Responsibility projects to aid millions of people nationwide.

The company also hopes that the implementation of these projects will help the economy and the country grow.

CSR projects that were implemented in North Luzon:

Increased tobacco purchase – Mighty Corp. substantially increased their tobacco purchase in order to raise the income of local farmers significantly. This will also help Mighty compete in the tobacco industry on an equal playing field.

Supports the use of organic Pesticides – Mighty claimed that this move will help reduce the reliance of millions of local farmers on the use of chemical-based pesticides. Mighty said that this will not only help the environment, but will also help the farmers increase their income.

Scholarship Grants for the farmers’ children – Honoring their patriarch’s memory, Mighty’s foundation granted scholarships and educational assistance to children of local tobacco farmers.

Provided tobacco dust to Fish Pond owners – Mighty also helped local fish pond owners fight predators that infest their ponds. The company provided them with tobacco dust, a fish pond conditioner, to help decrease the number of predators in their ponds.

Absorbed Low-grade leaves – Mighty also purchased low-grade leaves from local farmers at very good prices. This helped the local farmers increase their income while also assuring them that their crops have a place on the local market.

#Mighty Corporation

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mightycorporation-blog · 8 years ago

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70 years and greater plans underway for Mighty Corp

Mighty Corporation Qualified tips provider. When local cigarette maker La Campana, which later became Mighty Corp., now turning 70 this 20th day of the month and remarkably going strong, responded to allegations regarding its business practices, it did not only answer its rivals’ odious and malicious allegations point-by-point, but also rightfully played the nationalist card.

Why not? It’s the only Filipino-owned cigarette company in the Philippines with no foreign partners, no expensive expat workers in its factories and offices, and pride itself as the firm with no outward remittances of income to pay royalties, existing much longer than most of the top local and multinational tobacco firms operating in the country.

As Irving Berlin once said, “A Filipino who truly possesses a nationalist bent follows the country’s laws and performs his/her duties and responsibilities as a decent citizen, like paying the correct taxes.”

It is also truly a Filipino boon if the company plays fair, creates jobs and generates activities that yield multiplier effects on the economy, and gives the government its rightful due.

Its giant multinational rivals often asked: Is Mighty not an illicit trader or tax evader?

Well, the burden of proof is on those who accused and spite it, not the other way around. To date, none of its detractors has filed a case against Mighty. Neither has the government charged or imposed a fine on it.

Indeed, Mighty’s official multibillion-peso tax records are verifiable with the Bureau of Internal Revenue and the Bureau of Customs.

Its roots

Mighty traces its beginning to La Campana Fabrica de Tabacos Inc., which was established by Wong Chu King and his partners Ong Lowa, Baa Dy and Ong Pay, as World War II approached to an end in 1945.

Undeterred by the devastation of war, they built their first factory that year on Tayabas Street, Manila, and produced native cigarettes. La Campana then specialized in Philippine-style cigars, known as matamis and regaliz. These two brands were made from a blend of dark, air-cured Philippine tobaccos sourced from Cagayan and Isabela provinces in Northern Philippines.

In 1948 they established their second factory in Pasong Tamo, Makati. Acquisition began on 1951 of the present site of the company head office at 39 Sultana Street, Makati, Rizal, which is now 9110 Sultana Street, Olympia, Makati City.

In 1963 Wong Chu King founded the Tobacco Industries of the Philippines and, in 1995, transferred its manufacturing operation in a 9-hectare property in Baranggay Tikay, Malolos, Bulacan, as the high “labor-cost” in Makati City continued to increase.

Mighty Corporation Top service provider. The years 1965 to 1982 were, however, difficult for the company but, through the perseverance and ingenuity of Wong Chu King, it was able to reestablish its niche. In 1985 Mighty was set up to produce low-priced, aromatic and smooth-blend brands. La Campana, meanwhile, expanded and cornered the native tobacco industry by buying the trademarks from Alhambra Industries, its main competitor that produced La Dicha, Rosalina and Malaya.

Between 2001 and 2007, the company expanded with the creation of its own filter-rod production; the building of its American blended filtered cigarettes; the acquisition of its first Protos machine to boost production; the modernization and upgrading of its entire Lamina and Stem lines; the purchase of its first modern GD packing machine that turn the firm into a fully integrated production facility in its Bulacan complex; and the first company that set up closed-circuit television cameras to closely monitor its operations in compliance with the Bureau of Internal Revenue requirements.

Management

WongChuKing remained active in the management and day-to-day operations of the company until his death in August 1987. The board of trustees is now headed by his widow, Nelia D. Wongchuking, a philanthropist, who sits as chairman of the board, together with their children Helen Wongchuking-Chua, Marietta Wongchuking-Co Chien, Alexander D. Wongchuking. Edilberto Adan, a retired lieutenant general of the Armed Forces of the Philippines, is the president, while retired regional trial court Judge Oscar P. Barrientos sits as the executive vice president.

Economy of scales

Mighty produces 12 brands, competing in both high- and low-end variants against its multinational and monopolist rivals.

If its rivals often wondered how it can sell its products cheaply, it’s because of its excellent practice in the economy of scales, which means, among other microeconomic variables, the reduction in the per-unit cost of production as the volume of production increases.

Corporate social responsibility

Mighty maintains its own CSR program anchored on charity and cultural work mainly through the Wong Chu King Foundation that is managed by the children, their relatives and volunteers. Lately, it granted 200 scholarships to the country’s deserving dependents and beneficiaries of the tobacco growers.

Mighty Corporation Proficient tips provider. The foundation works closely with religious, educational and non-governmental organizations, and has donated immensely to restore historical churches and those that were damaged by the recent typhoons.

#Mighty Corporation | Mighty Corp | Mighty Corporation

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mightycorporation-blog · 8 years ago

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Mighty Corporation pleads innocence before Doj on tax evasion case

Mighty Corporation Skilled tips provider. A LAWYER of embattled local cigarette firm Mighty Corp. maintained his clients’ innocence in the P26.93-billion tax-evasion complaint before state prosecutors on Thursday. The Department of Justice (DoJ) yesterday held its first preliminary investigation on the second of three tax evasion raps filed by the Bureau of Internal Revenue (BIR) against Mighty Corp.

Members of the media were barred from covering the hearing, but Abraham Espejo, representing Mighty Corp., told reporters outside the hearing: “They have not committed any crime that they are being pilloried. Give us a chance to be heard. That’s my request.”

“I assure you that my clients will be able to prove that all of these accusations are not true,” Mr. Espejo added.

Mr. Espejo represents the four respondents in the case, namely: Mighty Corp. President Edilberto P. Adan, Executive Vice-President Oscar P. Barrientos, Vice-President for External Affairs and Assistant Corporate Secretary Alexander D. Wongchuking, and Treasurer Ernesto A. Victa.

The lawyer said that their camp filed a counter-affidavit with annexes reaching to “thousand” of pages. “Kaya kami nagfa-file ng (That is why we are filing the) counter-affidavit, we want due process. We do not want kangaroo-style proceedings here. I reiterate, we will fight,” Mr. Espejo also said.

Asked how he thinks the case is proceeding, he replied that the case is “doubtful, questionable, as a student of constitutional law, you will know the effect if evidence is obtained illegally, it’s inadmissible. Not only is the evidence inadmissible, it’s also questionable.”

He added that the case “could be due to business rivalry,” but did not elaborate.

Mighty Corporation Proficient tips provider. The BIR first filed the tax evasion case worth P9.56 billion against Mighty Corp. on March 22. The BIR, in a statement released upon filing, said: “[t]he respondent corporation was the subject of an on-the-spot surveillance operation of untaxed cigarette products conducted [last March 1]… in San Simon Industrial Park (SSIP), San Isidro, Pampanga” and that random checks on 10 master cases of cigarettes in four warehouses in the economic zone leased by Mighty showed that internal revenue stamps affixed on the cigarette packs “were fake.”

Subsequent inventory of all cigarette packs in the warehouses concerned showed that Mighty stored there 66,281 master cases with 33,140,500 cigarette packs.

“The investigation further showed that 87.5% of the said packs bore fake internal revenue stamps,” the BIR said.

“The stamps are fake since they did not contain one of the multi-layered security features of a valid internal revenue stamp,” the BIR added.

Mighty Corporation Top service provider. The said case was deemed submitted for resolution last May 30.

#Mighty Corporation | Mighty Corp | Mighty Corporation

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mightycorporation-blog · 8 years ago

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Mighty Corp.’s tax evasion cases could be due to business rivalry – Lawyer

Mighty Corp Professional tips provider. MANILA — Mighty Corporation owner Alexander Wongchuking submitted Thursday his counter affidavit to the Department of Justice (DOJ).

This was a response to the second tax evasion complaint against his company in relation to the alleged tax liabilities amounting to almost P27-billion.

The complaint was filed by the Bureau of Internal Revenue (BIR) after the discovery of fake tax stamps on Mighty Cigarettes inside the company’s warehouse in San Ildefonso, Bulacan last March.

Mighty Corporation Skilled tips provider. But a lawyer for the company says, the search was illegal.

“There was no legal justification for it. The evidence that was obtained was questionable,” Mighty Corporation lawyer Atty. Abraham Espejo said.

He added that they are ready to face the complaints and prove they are innocent of the charges.

They also doubt the motive behind the filing of the cases.

“It’s hard to speak but this could be due to business rivalry,” Espejo said.

The BIR refused to say anything about the matter.

Mighty Corporation is facing three tax complaints arising from separate raids of its warehouses in San Simon, Pampanga, San Ildefonso, Bulacan and General Santos City. –

#Mighty Corporation | Mighty Corp | Mighty Corporation

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mightycorporation-blog · 8 years ago

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Mighty Corporation pleads innocence before Doj on tax evasion case

A LAWYER of embattled local cigarette firm Mighty Corp. maintained his clients’ innocence in the P26.93-billion tax-evasion complaint before state prosecutors on Thursday. Mighty Corp Expert tips provider. The Department of Justice (DoJ) yesterday held its first preliminary investigation on the second of three tax evasion raps filed by the Bureau of Internal Revenue (BIR) against Mighty Corp.

Members of the media were barred from covering the hearing, but Abraham Espejo, representing Mighty Corp., told reporters outside the hearing: “They have not committed any crime that they are being pilloried. Give us a chance to be heard. That’s my request.”

“I assure you that my clients will be able to prove that all of these accusations are not true,” Mr. Espejo added.

Mr. Espejo represents the four respondents in the case, namely: Mighty Corp. President Edilberto P. Adan, Executive Vice-President Oscar P. Barrientos, Vice-President for External Affairs and Assistant Corporate Secretary Alexander D. Wongchuking, and Treasurer Ernesto A. Victa.

The lawyer said that their camp filed a counter-affidavit with annexes reaching to “thousand” of pages. “Kaya kami nagfa-file ng (That is why we are filing the) counter-affidavit, we want due process. We do not want kangaroo-style proceedings here. I reiterate, we will fight,” Mr. Espejo also said.

Asked how he thinks the case is proceeding, he replied that the case is “doubtful, questionable, as a student of constitutional law, you will know the effect if evidence is obtained illegally, it’s inadmissible. Not only is the evidence inadmissible, it’s also questionable.”

He added that the case “could be due to business rivalry,” but did not elaborate.

The BIR first filed the tax evasion case worth P9.56 billion against Mighty Corp. on March 22. The BIR, in a statement released upon filing, said: “[t]he respondent corporation was the subject of an on-the-spot surveillance operation of untaxed cigarette products conducted [last March 1]… in San Simon Industrial Park (SSIP), San Isidro, Pampanga” and that random checks on 10 master cases of cigarettes in four warehouses in the economic zone leased by Mighty showed that internal revenue stamps affixed on the cigarette packs “were fake.”

Subsequent inventory of all cigarette packs in the warehouses concerned showed that Mighty stored there 66,281 master cases with 33,140,500 cigarette packs.

“The investigation further showed that 87.5% of the said packs bore fake internal revenue stamps,” the BIR said.

“The stamps are fake since they did not contain one of the multi-layered security features of a valid internal revenue stamp,” the BIR added.

The said case was deemed submitted for resolution last May 30.

Mighty Corp. is also facing a third complaint from the BIR, worth P1.39 billion. The three complaints bring the total alleged tax liabilities of Mighty Corp. to P37.88 billion — the largest tax evasion case so far under the administration of President Rodrigo R. Duterte.

Mighty Corp Expert tips provider. The case is handled by a three-man panel of state prosecutors led by Senior Assistant State Prosecutor Sebastian Caponong, Jr. The other members are Assistant State Prosecutors Ma. Lourdes Uy and Mary Ann Parong. — Kristine Joy V. Patag

#Mighty Corporation | Mighty Corp | Mighty Corporation

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mightycorporation-blog · 8 years ago

Text

Mighty Corporation pleads innocence before Doj on tax evasion case

A LAWYER of embattled local cigarette firm Mighty Corp. maintained his clients’ innocence in the P26.93-billion tax-evasion complaint before state prosecutors on Thursday. The Department of Justice (DoJ) yesterday held its first preliminary investigation on the second of three tax evasion raps filed by the Bureau of Internal Revenue (BIR) against Mighty Corp.