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USD 300 million of tobacco revenues in 2018
19-12-2018
The general director of the Regie Libanaise des Tabacs et Tombacs, Nassif Siqlawi, said he expected the net revenue of the national treasury from the tobacco sector during 2018 to reach around 440 billion L.B.P. despite the precarious situation in the country. Siqlawi was speaking during the annual dinner of international companies and heads of sales held in Beirut on December 12. He revealed that the Regie will soon sign an agreement with the British-American Tobacco BAT for the manufacture of its brands in the Regie’s factories, similar to agreements with other international companies. The Regie, Siqlawi explained, now manufactures around 19 international brands in addition to its 9 local brands. The state-run firm, he stated, has tried throughout a year of hardwork to overcome challenges and play against the odds of economic indicators, boasting that the Regie proved itself as one of the main resources of the State Treasury. The Regis also tried to play against the odds of global trends, Siqlawi mentioned, noting that the international decisions point to radical changes in the tobacco sector, and asked: “Do such decisions take into consideration the specificity of each country? Is Lebanon ready to lose the tax revenues generated by the sector?”. (Al Mustaqbal, Al Diyar, December 13, 2018)
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- العربية
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