Tag - Hong Kong

Hong Kong Poised to Hike Cigarette Taxes

Hong Kong authorities are likely to announce a steep rise in the price of cigarettes next year, reports The Standard. In an attempt to cut smoking prevalence to 7.8 percent by 2025 from 10.2 percent today, the special administrative region wants to increase the price of a pack of cigarettes to HKD100 ($12.82) from HKD59, Hong...

Hong Kong Seizes 27 Million Suspected Illicit Cigarettes

Hong Kong Customs said they seized approximately 27 million “suspected illicit cigarettes” last week during a raid on an industrial complex in the island’s Tuen Mun region and arrested a 31-year-old man. The cigarettes are estimated to be worth HK$76 million (US$9.7 million) on the open market. In Hong Kong, the trade or possession of illicit cigarettes...