San Miguel Brewery Hong Kong Limited posted a loss of HK600,000 (US$77,360) for its first fiscal quarter results, ended June 30, according to its filing with the Hong Kong Stock Exchange. The beer manufacturer saw a 4.7 per cent year-on-year drop in its consolidated revenues, amounting to HK$259.5 million for the period. (more…)
Canada’s premium beer brand, 1793 KROY is scheduled to be launched in Mumbai, Chennai, Goa and Bengaluru in September. The Toronto Ale Brewing is all set to introduce its beer brand in India. (more…)
Staff manning twenty TASMAC shops at prime locations in Chennai including T. Nagar, Egmore and Anna Salai echoed the same views.
The recent decision of Tamil Nadu State Marketing Corporation Ltd (TASMAC) to curtail the working hours of its outlets has had no impact on sales, inquiries reveal. TASMAC, a government-owned company, has a monopoly over wholesale and retail vending of liquor in the State. (more…)
Outbound shipments of South Korean beer hit a record high last year on the back of its popularity in Asian and other countries, government data showed Tuesday. (more…)
Despite the direction of the Excise Commissioner that buying bottled beer as takeaway parcels from licensed beer parlours will entail a legal liability on buyers and sellers, the sale of parcelled beer is rampant here. (more…)
South Korea’s Hite Jinro seeks to expand its presence in Vietnam to make the country a gateway to the South East Asian market and strive to achieve 530 billion won ($475 million) in overseas sales by 2024, according to the company’s long-term outline. (more…)
Though subsequent governments have initiated no curbs in issuing licence for beer-wine parlours in the state, there is no rule to regulate the working hours of beer and wine parlours. This would mean that under existing rules, beer and wine parlours can technically function 24 hours a day. (more…)
The Bharatiya Janata Yuva Morcha unit of Kerala has said that it will not allow sale the sale of liquor through Kerala Beverages Corporation (BEVCO) outlets on the days of Uthradam (eve of onam) and Onam. (more…)
Thai Beverage Plc (ThaiBev), the country’s biggest drinks company, says it is ready to pursue mergers and acquisitions on the back of its financial strength. (more…)
Vietnam’s government is taking an unprecedented step in divesting all it owns in the nation’s two leading beer companies as a growing budget deficit forces the leadership to accelerate a plan to reduce holdings in state-owned firms. (more…)
