Mighty Corp.’s warehouse closure lauded

BUSINESS and advocacy groups lauded the Bureau of Custom’s decision to close down the customs bonded warehouse (CBW) of Mighty Corp., the seller of lower priced cigarettes at almost dumping rates to the detriment of local tobacco farmers and cigarette makers.

Jesus Lim Arranza, chairman of the 800-strong Federation of Philippine Industries, along with anti-tobacco groups, praised the BoC for closing Mighty’s CBW pending full audit investigation.