DOF releases IRR on cigarette tax stamps

The Department of Finance (DOF) has released the implementing rules and regulations (IRR) for the tax stamp system on cigarettes that seeks to solve illicit trade. Based on revenue regulations No. 7 dated July 7, 2014 but was released over the weekend, the DOF stated that all cigarette products made …

Read More »

FedEx Earnings Preview: SmartPost And Express May Present Headwinds

For the first quarter, we expect to see continued growth at FedEx's Ground segment driven by e-commerce volume growth. However, loss of volumes from one customer for FedEx's SmartPost service will be a matter of concern. Additionally, a shift in demand towards low-priced services may continue to impact FedEx' Express …

Read More »