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. (more…)
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 Korean investors to participate in the Vietnam market. (more…)
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. (more…)
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. (more…)
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 rating. (more…)
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. (more…)
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. (more…)
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. (more…)
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 told when we visited Biergarten, but we are used to waiting in, and for things, in Whitefield, so we weren’t surprised. (more…)
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. (more…)
