Monthly Archives: August 2016

Tsingtao Profit Falls as China Slowdown Hurts Beer-Drinking

Tsingtao Brewery Co., China’s second-largest beermaker by market value, reported earnings fell 11 percent in the six months ended June as poor weather and the country’s economic slowdown affected sales.

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Vietnam. Sabeco, Habeco to list before state divestment

Vietnam has urged its major businesses, including the two biggest beer producers Habeco and Sabeco and leading dairy firm Vinamilk, to dilute state ownership. In the private sector, VinaCapital and Shinhan BNP Paribas Asset Management have joined hands to enable … Continue reading

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Beer products make up 30 pct of Vietnam’s central tourist hub’s revenue

Tourism-oriented Thua Thien – Hue Province in central Vietnam still relies heavily on beer products for its budget, the provincial council’s economic and budget committee said in its report on Tuesday.

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Japanese cult-favourite craft beer now brewed in Hong Kong

Hitachino Nest’s first and so far only overseas brewery has opened in Fo Tan as the company seeks to tap the vast Chinese market.

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Sri Lanka. Fitch affirms Lion Brewery’s ‘Aa-(lka)’ rating; says wellplaced to recover from floods

Fitch Ratings has affirmed Lion Brewery (Ceylon) PLC’S (Lion) National Long-term Rating of ‘Aa-(lka)’ with a Stable Outlook and said the firm is well-placed to recover from the recent floods and expects its financial profile to remain consistent with its … Continue reading

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Japanese beer firms make headway in South Korea

Japanese beer is becoming increasingly prominent in South Korea, where its popularity is growing mainly among young people due to its deeper flavors and finer beer head than domestic brews.

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Vietnam. Heineken Buys a Brewery From Carlsberg in Southeast Asia’s Thirstiest Beer Market

Heineken NV’s expansion of its production in Vietnam by taking over a brewery from rival Carlsberg A/S highlights growing interest by global beer brands to quench the thirst of about 70 million locals in one of the world’s fastest-growing economies.

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Thailand. Red-hot ThaiBev expected to shine further

Amid a largely tepid Singapore bourse, Thai Beverage has stood out with its frothy rise this year, attracting investors with its dominance in Thailand’s alcohol market and strong earnings growth.

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India. Bangalore: To be ale and hearty

Whitefield might have its share of infrastructural woes, but in the meanwhile, the number of microbreweries opening up in the neighbourhood means that someone is at least raising ‘hops’! The beer would be available only in early September, we were … Continue reading

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Vietnam. Debate rages over Sabeco nepotism accusations

The head of Central Institute for Economic Management (CIEM) Nguyen Dinh Cung has called the Ministry of Industry and Trade (MoIT) “shameless” after it claimed the promotion of former minister Vu Huy Hoang’s son had followed all procedures.

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