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…)
Local Nepali administrations have started shutting down liquor shops in Nepal-India border after booze lovers from Bihar started flocking to the Nepali side and hampered peace and order in the porous border. (more…)
The city may have been a little late to China’s craft-beer party but, with brew bars popping up all over, it’s catching up fast. (more…)
Vietnam’s government said it will fully divest from its two biggest breweries and target to raise $2.2 billion over the next 16 months, loosening its tight grip over one of Asia’s most sought-after beer markets. (more…)
However, its total incom from operations rose by 33.63 per cent to Rs 103.62 crore during the March quarter as against Rs 77.54 crore in the same period a year ago, United Breweries Holdings said in a filing to the BSE. (more…)
While the planned merger of the world’s two biggest beer makers, Anheuser-Busch InBev NV and SABMiller, has brought renewed attention to global consolidation in the industry, Japan has managed to isolate itself from the wave so far. (more…)
Japan’s beer makers keep a grip on their home markets while branching out abroad.
In an era when Budweiser is sold by a Belgium-based company and California’s Lagunitas IPA is partly Dutch-owned, Japanese beer has remained in Japan’s hands, away from the global consolidation party. (more…)
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…)
