Daily Clove Cigarettes News Update
PT Bentoel Prima, the fourth largest cigarette producer in the country, has restructured its focus toward efficiency as the global economy worsens in the wake of the U.S. financial crisis, an executive says.
Bentoel corporate secretary Satrija Budi Wibawa said his company would be focusing on the distribution of main products and expanding its market, and [...]
The government may leave unchanged excise duty for cigarettes and tobacco next year to protect the cigarette industry’s employment rate amid sluggish growth in other labor-intensive sectors.
“We expect to count on more excise revenue from an increase in cigarette sales. We forecast the sales will be higher next year,” the Finance Ministry’s Director General of [...]
The Gudang Garam empire came to life under the leadership of its founder Surya Wonowidjojo, or Tjoa Jien Hwie, in June 1958.
After gaining valuable experience working for his uncle’s cigarette company, Surya set up his home business, Pabrik Rokok Tjap Gudang Garam, on a 1,000-square-meter plot of land in Kediri, East Java.
He initially employed only [...]
PT Gudang Garam, the country’s second largest cigarette producer, knows full well its customers, mostly in the middle to low-income demographic, will not jump ship quite so easily to other cigarette brands or even think of quitting.
But netting new customers is much harder for Gudang Garam than maintaining their existing ones, as proven when the [...]
PT Gudang Garam’s second quarter profit jumped 81 percent after Indonesia’s second-biggest cigarette maker enticed customers with new brands.
Net income rose to 555.2 billion rupiah ( million) in the three months ended June, the highest quarterly profit in three years, from 306.3 billion rupiah a year earlier. Sales rose 17.5 percent to 8.14 trillion. The [...]
PT Gudang Garam, Indonesia’s second- largest cigarette maker, surged the most in more than nine years on speculation the company may be sold after its chairman died.
Gudang Garam jumped 19 percent to close at 6,200 rupiah in Jakarta, the biggest gain since Nov. 5, 1998. Rachman Halim, the company’s chairman, died at Mount Elizabeth Hospital [...]
Rachman Halim, the billionaire patriarch of one of Indonesia’s richest families and chairman of the country’s second-largest cigarette maker, died. He was 60.
He died at Mount Elizabeth Hospital in Singapore at 5:16 a.m. local time yesterday, said Vidya Boediyanti, a spokeswoman for his company, PT Gudang Garam. She didn’t disclose the cause of death. Halim [...]
There are some circles in America where it seems to be more socially acceptable to carry a hand-gun than a packet of cigarettes.
— Katharine Whitehorn
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