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Daily News on Vape Industry March 18th, 2024

  1. The net revenue of RELXTechnology in the fourth quarter of 2023 was RMB 520 million, a year-on-year increase of 4.3%, and a year-on-year increase of 53.1%; the adjusted net profit for the full year of 2023 was RMB 900 million, a year-on-year decrease of 42.6%.


  1. In December 2023, China’s vapeexports to Colombia were approximately US$4.86 million, a month-on-month decrease of 20.33% and a year-on-year increase of 37.01%.


  1. The Philippines House of Representatives Committee on Finance and Taxation urges the Department of Trade and Industry (DTI) and the Bureau of Internal Revenue (BIR) to immediately cancel the commercial license and production license of vapecompany FIava.


  1. Altria plans to sell AB InBev shares worth US$2.26 billion and repurchase common shares worth US$200 million.


  1. The Philippine Department of Trade and Industry (DTI) is studying the order issued by the Department of Health (DOH) on the ban on disposable vapes. The department proposes to allocate a fiscal budget of approximately 160 million pesos (US$2.88 million) to establish vapetesting facilities.


  1. British online nicotine retailer Haypp Group called on the UK to implement stricter nicotine trading regulations and put forward six recommendations to restrict nicotine products. At the same time, the group also urges other nicotine retailers to take action to jointly create a sustainable industry environment.


  1. The market value of Indian tobacco giant ITC has reached US$64 billion, only slightly lower than British American Tobacco Company’s US$68 billion. It is worth mentioning that British American Tobacco recently sold ITC shares in a transaction valued at approximately 170 billion Indian rupees.