Thailand&Vietnam. Singha transferred $650 million for purchasing shares of Masan Consumer and Masan Brewery Holdings

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Within the framework of the previously signed agreement, on January 28 Singha Asia Holding transferred $650 million of investment for purchasing shares of Masan Group. Of this, $600 million were transferred to pay 14.3% of the shares of Masan Consumer Holdings (MCH), and the remaining $50 million were for payment of 33% of the shares of Masan Brewery. (more…)

Diageo feels the pain of China slowdown

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The world biggest drinks company is an unlikely victim of the slowdown in the Chinese economy, says Questor.

Diageo’s slight rise in sales yesterday was just enough to appease investors who have become impatient after two years of lacklustre performance. (more…)

Malaysia. Potential 10% hike in alcohol duty by Feb 1

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The government is considering increasing the duties on alcoholic beverages before the Chinese New Year.

According to a report in Sin Chew Daily yesterday, a 10% hike is expected in the duties for liquor and other alcoholic drinks. (more…)

India. Shares of liquor makers fall as Goa plans to ban alcohol consumption in public places

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Shares of liquor makers such as United Spirits and United Breweries fell in a listless trade on Wednesday on news that Goa is planning to ban consumption of alcohol in public places. Analysts said companies will not be impacted by this move but sentiment in these stocks was hit on worries that other states too, may impose restrictions on consumption of liquor. (more…)