Mighty Corporation asks DOJ to junk P26.93-B tax evasion raps

Embattled cigarette maker Mighty Corporation and its officials asked the Department of Justice (DOJ) on Thursday to dismiss the P26.93-billion tax evasion complaint against them by the Bureau of Internal Revenue (BIR) over alleged use of fake tax stamps.

Mighty Corporation Vice President for External Affairs and Assistant Corporate Secretary Alex Wongchuking attended the preliminary investigation hearing, where he filed his counter affidavit with the DOJ panel of prosecutors.

Other respondents Mighty President and former Armed Forces Deputy Chief of Staff Edilberto Adan, Executive Vice President and retired Judge Oscar Barrientos and Treasurer Ernesto Victa also submitted their written defense to the charges.

The complaint arose from raid on Mighty’s warehouses in San Ildefonso, Bulacan on March 24 which yielded billions of pesos worth of cigarettes with fake stamps.

“Basically the search that was done was illegal. There was no legal justification for it. The evidence that was obtained is doubtful,” said Abraham Espejo, legal counsel for Wongchuking after the hearing, which was off limits to media.

“If the evidence is obtained illegally, it’s inadmissible (in court). Not only is the evidence inadmissible, it’s also questionable,” he added.

Mighty officials also urged the DOJ to consolidate the three tax evasion cases since they stemmed from the same allegation about the use of fake tax stamps on its cigarette products.

The DOJ had already finished hearing the P9.56-billion tax complaint in relation to the raid on four warehouses in San Isidro, Pampanga.

The company is also facing a P1.39-billion tax complaint stemming from the government raid on the company’s warehouse in Barangay Lagao, General Santos City on March 24.

The third complaint brings to P37.884 billion its alleged tax dues to the government. —KG, GMA News

Source: http://www.msn.com/en-ph/money/topstories/mighty-corporation-asks-doj-to-junk-p2693-b-tax-evasion-raps/ar-BBCh4St?li=BBr8Mkm

 
Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Mighty Corporation as Outstanding Corporation awardee

The Philippine Council of Management Research Institute Inc. has awarded the Outstanding Corporation of the Year Award (2015-2016) to MIGHTY Corp.  This award was given in recognition of Mighty Corporation‘s achievements in business, social, cultural and religious affairs.

MIGHTY Corp. is the reconstituted company of the Tobacco Industries of the Philippines. It is the offshoot of the La Campana Fabrica de Tabacos Inc. The company is tied with the Wong Chu King Foundation. Wong Chu King is the founder of La Campana Fabrica de Tabacos Inc.  He came from Amoy, China just before World War II broke out. The war left him broke and penniless but through 70 years of hard work and determination with Ong Lowa, Baa Dy and Ong Pay, he has built up La Campana as the business empire it is today. Despite the tides of change, the company was able to build three more factories. Today, they are among the countries highest taxpayers.

The Wong Chu King Foundation’s vision is to “transformation through charity.” They are actively involved in educational and apostolic charities focused on areas where tobacco farming is common. They also offer scholarships to deserving dependents and beneficiaries of local tobacco farmers.

 

 

 

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Mighty Corp will be recognize for best corporation award this month

Philcoman Research Institute (PCMRI) will hold this year’s 40th National Management Congress in simple ceremonies to honor the recipients of the Outstanding Corporation of the year Award, Outstanding Management Leadership Award of the year and the oath-taking of new members.

PMCRI Congress chairman Dr. Pedrito Salvador said the event to be held on Dec. 10 will be attended by government officials and members of the academe and the private sector.

“We opted to hold a simple rite so that funds and other resources we can save can be channeled to research and further studies of important issues in politics, economics, sociology and national security,”Salvador said.

The PCMRI is a federation of professional and technological societies, management developments, institutions, academe, business enterprises and professional managers dedicated to the development of management and improvement of its practices.

The Outstanding Corporation Award will go to Mighty Corp. a wholly-owned Filipino company that has been operating for 70 years.

The PCMRI will also honor Dr. Benjamin Sy Santos, national president of the Filipino Inventors Society, for his contributions such as greenhouse fixed and portable machines that refined and re-use, pollution-free; its particles turned into asphalt.

 

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Mighty Corp awaits their Outstanding Corporation award

Philcoman Research Institute (PCMRI) will hold this year’s 40th National Management Congress in simple ceremonies to honor the recipients of the Outstanding Corporation of the year Award, Outstanding Management Leadership Award of the year and the oath-taking of new members.

PMCRI Congress chairman Dr. Pedrito Salvador said the event to be held on Dec. 10 will be attended by government officials and members of the academe and the private sector.

“We opted to hold a simple rite so that funds and other resources we can save can be channeled to research and further studies of important issues in politics, economics, sociology and national security,”Salvador said.

The PCMRI is a federation of professional and technological societies, management developments, institutions, academe, business enterprises and professional managers dedicated to the development of management and improvement of its practices.

The Outstanding Corporation Award will go to Mighty Corp. a wholly-owned Filipino company that has been operating for 70 years.

The PCMRI will also honor Dr. Benjamin Sy Santos, national president of the Filipino Inventors Society, for his contributions such as greenhouse fixed and portable machines that refined and re-use, pollution-free; its particles turned into asphalt.

 

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Tobacco company Mighty Corp won an award this December

 

Philcoman Research Institute (PCMRI) will hold this year’s 40th National Management Congress in simple ceremonies to honor the recipients of the Outstanding Corporation of the year Award, Outstanding Management Leadership Award of the year and the oath-taking of new members.

 

PMCRI Congress chairman Dr. Pedrito Salvador said the event to be held on Dec. 10 will be attended by government officials and members of the academe and the private sector.

“We opted to hold a simple rite so that funds and other resources we can save can be channeled to research and further studies of important issues in politics, economics, sociology and national security,”Salvador said.

 

The PCMRI is a federation of professional and technological societies, management developments, institutions, academe, business enterprises and professional managers dedicated to the development of management and improvement of its practices.

 

The Outstanding Corporation Award will go to Mighty Corp. a wholly-owned Filipino company that has been operating for 70 years.

The PCMRI will also honor Dr. Benjamin Sy Santos, national president of the Filipino Inventors Society, for his contributions such as greenhouse fixed and portable machines that refined and re-use, pollution-free; its particles turned into asphalt.

 

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Tobacco firm Mighty Corp set to receive an award this month

Philcoman Research Institute (PCMRI) will hold this year’s 40th National Management Congress in simple ceremonies to honor the recipients of the Outstanding Corporation of the year Award, Outstanding Management Leadership Award of the year and the oath-taking of new members.

 

PMCRI Congress chairman Dr. Pedrito Salvador said the event to be held on Dec. 10 will be attended by government officials and members of the academe and the private sector.

“We opted to hold a simple rite so that funds and other resources we can save can be channeled to research and further studies of important issues in politics, economics, sociology and national security,”Salvador said.

 

The PCMRI is a federation of professional and technological societies, management developments, institutions, academe, business enterprises and professional managers dedicated to the development of management and improvement of its practices.

 

The Outstanding Corporation Award will go to Mighty Corp. a wholly-owned Filipino company that has been operating for 70 years.

The PCMRI will also honor Dr. Benjamin Sy Santos, national president of the Filipino Inventors Society, for his contributions such as greenhouse fixed and portable machines that refined and re-use, pollution-free; its particles turned into asphalt.

 

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Mighty Corp building the company for seven decades

In this particular company, the most senior employee happened to have an impressive service record of 58 years, which would definitely be uncommon in this country where people would rather look for jobs abroad as OFWs.

The firm is none other than Mighty Corp., which claims to be the country’s oldest tobacco manufacturer, celebrating its 70th anniversary this month, based on its press release.

 

One of the Wongchuking brothers who now manage the company said the most senior employee in the company started when he was in his pre-teens at a time when child labor was not yet prohibited by law. It was then normal to see whole families employed in its factories.

 

Mighty also claims to be the largest independent family-owned business in the country, tracing its roots to the old La Campana Fabrica de Tabacos, founded in 1945 by the Wongchuking family patriarch, Wong Chu King.

 

From what I gathered, he was a Chinese immigrant who worked as a salesman in a cigarette company making local brands before he started La Campana. His first factory producing native cigarettes and cigars known as Cortos and Regaliz was located on Tayabas street in Manila. In a span of three years, the old man Wong Chu King built a second factory in Pasong Tamo, Makati, which he later expanded to another site that became the present day location of its head office on Sultana street in Makati.

 

Wong Chu King founded the Tobacco Industries of the Philippines (TIP) several years later in a 9-hectare property in Malolos, Bulacan to manufacture American blended cigarettes using the brand names Duke, Windsor and Tricycle.

 

The founder remained active in the management of the cigarette company until he passed away in August 1987. Its board is now headed by his widow, Nelia D. Wongchuking, now about 90 years old, a pure Filipina whom the old man Wong Chu King met in Batangas when he was still a traveling salesman of a cigarette company.

 

Anyway, the expansion of the company in the 1960s to 1980s was perhaps aided by the continuous growth of the old company La Campana, which at that time was able to corner the native cigarettes market, acquiring the brands and the trademarks from another familiar company called Alhambra, maker of La Dicha, Rosalina and Malaya brands of native cigarettes.

 

In 1985, it was it finally set to produce American blended Virginia cigarettes, but the diversification was somewhat stymied by the rising cost of labor in Metro Manila. This prompted the company to shift all its manufacturing operations to the Malolos factory.

 

In 2001, the company entered into a manufacturing agreement with Sterling Tobacco to produce the latter’s brands, which provided the impetus for its shift to American blended cigarettes with the establishment of its own filter rod production, the acquisition of its first modern machinery to boost production, including some heavy duty packing machines.

 

About eight years ago the company completed its fully integrated production and packing facility in Malolos.

 

Then and only then, after undertaking a modernization program, was the company ready

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Mighty Corp will be recognize this month at 40th National Management Congress

Philcoman Research Institute (PCMRI) will hold this year’s 40th National Management Congress in simple ceremonies to honor the recipients of the Outstanding Corporation of the year Award, Outstanding Management Leadership Award of the year and the oath-taking of new members.

 

PMCRI Congress chairman Dr. Pedrito Salvador said the event to be held on Dec. 10 will be attended by government officials and members of the academe and the private sector.

“We opted to hold a simple rite so that funds and other resources we can save can be channeled to research and further studies of important issues in politics, economics, sociology and national security,”Salvador said.

 

The PCMRI is a federation of professional and technological societies, management developments, institutions, academe, business enterprises and professional managers dedicated to the development of management and improvement of its practices.

The Outstanding Corporation Award will go to Mighty Corp. a wholly-owned Filipino company that has been operating for 70 years.

The PCMRI will also honor Dr. Benjamin Sy Santos, national president of the Filipino Inventors Society, for his contributions such as greenhouse fixed and portable machines that refined and re-use, pollution-free; its particles turned into asphalt.

 

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Seven decades and achievements of Mighty Corp

In this particular company, the most senior employee happened to have an impressive service record of 58 years, which would definitely be uncommon in this country where people would rather look for jobs abroad as OFWs.

The firm is none other than Mighty Corp., which claims to be the country’s oldest tobacco manufacturer, celebrating its 70th anniversary this month, based on its press release.

 

One of the Wongchuking brothers who now manage the company said the most senior employee in the company started when he was in his pre-teens at a time when child labor was not yet prohibited by law. It was then normal to see whole families employed in its factories.

 

Mighty also claims to be the largest independent family-owned business in the country, tracing its roots to the old La Campana Fabrica de Tabacos, founded in 1945 by the Wongchuking family patriarch, Wong Chu King.

 

From what I gathered, he was a Chinese immigrant who worked as a salesman in a cigarette company making local brands before he started La Campana. His first factory producing native cigarettes and cigars known as Cortos and Regaliz was located on Tayabas street in Manila. In a span of three years, the old man Wong Chu King built a second factory in Pasong Tamo, Makati, which he later expanded to another site that became the present day location of its head office on Sultana street in Makati.

 

Wong Chu King founded the Tobacco Industries of the Philippines (TIP) several years later in a 9-hectare property in Malolos, Bulacan to manufacture American blended cigarettes using the brand names Duke, Windsor and Tricycle.

 

The founder remained active in the management of the cigarette company until he passed away in August 1987. Its board is now headed by his widow, Nelia D. Wongchuking, now about 90 years old, a pure Filipina whom the old man Wong Chu King met in Batangas when he was still a traveling salesman of a cigarette company.

 

Anyway, the expansion of the company in the 1960s to 1980s was perhaps aided by the continuous growth of the old company La Campana, which at that time was able to corner the native cigarettes market, acquiring the brands and the trademarks from another familiar company called Alhambra, maker of La Dicha, Rosalina and Malaya brands of native cigarettes.

 

In 1985, it was it finally set to produce American blended Virginia cigarettes, but the diversification was somewhat stymied by the rising cost of labor in Metro Manila. This prompted the company to shift all its manufacturing operations to the Malolos factory.

 

In 2001, the company entered into a manufacturing agreement with Sterling Tobacco to produce the latter’s brands, which provided the impetus for its shift to American blended cigarettes with the establishment of its own filter rod production, the acquisition of its first modern machinery to boost production, including some heavy duty packing machines.

 

About eight years ago the company completed its fully integrated production and packing facility in Malolos.

 

Then and only then, after undertaking a modernization program, was the company ready

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest

Seven decades of Filipino tobacco firm Mighty Corp

In this particular company, the most senior employee happened to have an impressive service record of 58 years, which would definitely be uncommon in this country where people would rather look for jobs abroad as OFWs.

The firm is none other than Mighty Corp., which claims to be the country’s oldest tobacco manufacturer, celebrating its 70th anniversary this month, based on its press release.

 

One of the Wongchuking brothers who now manage the company said the most senior employee in the company started when he was in his pre-teens at a time when child labor was not yet prohibited by law. It was then normal to see whole families employed in its factories.

 

Mighty also claims to be the largest independent family-owned business in the country, tracing its roots to the old La Campana Fabrica de Tabacos, founded in 1945 by the Wongchuking family patriarch, Wong Chu King.

 

From what I gathered, he was a Chinese immigrant who worked as a salesman in a cigarette company making local brands before he started La Campana. His first factory producing native cigarettes and cigars known as Cortos and Regaliz was located on Tayabas street in Manila. In a span of three years, the old man Wong Chu King built a second factory in Pasong Tamo, Makati, which he later expanded to another site that became the present day location of its head office on Sultana street in Makati.

 

Wong Chu King founded the Tobacco Industries of the Philippines (TIP) several years later in a 9-hectare property in Malolos, Bulacan to manufacture American blended cigarettes using the brand names Duke, Windsor and Tricycle.

 

The founder remained active in the management of the cigarette company until he passed away in August 1987. Its board is now headed by his widow, Nelia D. Wongchuking, now about 90 years old, a pure Filipina whom the old man Wong Chu King met in Batangas when he was still a traveling salesman of a cigarette company.

 

Anyway, the expansion of the company in the 1960s to 1980s was perhaps aided by the continuous growth of the old company La Campana, which at that time was able to corner the native cigarettes market, acquiring the brands and the trademarks from another familiar company called Alhambra, maker of La Dicha, Rosalina and Malaya brands of native cigarettes.

 

In 1985, it was it finally set to produce American blended Virginia cigarettes, but the diversification was somewhat stymied by the rising cost of labor in Metro Manila. This prompted the company to shift all its manufacturing operations to the Malolos factory.

 

In 2001, the company entered into a manufacturing agreement with Sterling Tobacco to produce the latter’s brands, which provided the impetus for its shift to American blended cigarettes with the establishment of its own filter rod production, the acquisition of its first modern machinery to boost production, including some heavy duty packing machines.

 

About eight years ago the company completed its fully integrated production and packing facility in Malolos.

 

Then and only then, after undertaking a modernization program, was the company ready

Share on FacebookTweet about this on TwitterShare on Google+Share on TumblrShare on StumbleUponShare on LinkedInPin on Pinterest