Mighty windfall to benefit Marawi, military – Dominguez

An expected P30-billion windfall from the sale of cigarette firm Mighty Corp to Japan Tobacco will be used to rehabilitate Marawi City and upgrade the military’s anti-terrorist capabilities, the Finance department said.

“We appreciate PCC’s quick action as this will mean that the taxes and penalties due to the government will flow into its coffers as scheduled,” Finance Secretary Carlos Dominguez 3rd told reporters late on Tuesday.