Depending on the season and on who you ask, tobacco accounts for between 40 and 70 percent of Malawi’s export earnings.
In a good season, the golden leaf generates a relative level of wealth in the countryside and earns the nation much-needed foreign currency to import the products and services it cannot produce at home.
In a bad season, there will be poverty in the villages.
Read our special report to learn how Malawi is diversifying to make its economy more resilient and prepare for a future with less tobacco.

Philippines’ Tobacco Taxes Rise for First Time in Three Years
The increase was driven by a 29.2% rise in tobacco product removals to 2.9 billion units.

ASEAN Countries Feeling Illicit Cigarette Pressures
In Thailand, illicit cigarettes represented 23.6% of the market in 2025, up from 22.6% a year earlier.

Capital Group Increases KT&G Ownership to 8.22%
KT&G said the increased investment reflects recognition of its growth potential as the company continues to expand overseas.

Macau to Significantly Raise Vape Fines
Fines for illegally bringing e-cigarettes and other novel tobacco products into the territory will go from $480 to $1,200 as part of a broader legislative overhaul.

PMI Exec: Lack of Rules Boosts Illegal Segment
Nick Ricketts, PMI’s president of oral products, said regulatory clarity is essential for the development of nicotine pouch markets and the protection of consumers. In

Australia’s ‘Tobacco Wars’ See 10 Businesses Set Ablaze
Victoria Police said unknown offenders drove a vehicle into the shop before setting it alight and fleeing.

CAPHRA Says FDA’s Pouch Pivot Should Trigger Policy Rethink
The group called on policymakers to adopt evidence-based, risk-proportionate regulation.

Armenia Tobacco Firm Exampted from Duties
DrimCompany has pledged to invest nearly $25 million and create 100 jobs.


