Having closed 500 Tasmac shops in line with its stated policy, the Tamil Nadu government is exploring options to shut down an additional 1,000 liquor shops across the state in the next few months. The process of identifying such shops has already begun. (more…)
The tax rise from 1 January, 2016 affected the Vietnamese brewers’ financial position. Yet, this doesn’t seem to be the end of their problems. In April 2016, new Decree issued by the Ministry of Finance, was published. This law changes the tax basis of VAT and SCT.
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Sapporo Holdings will begin marketing a low-cost beer brand in Vietnam later this month, joining other rivals seeking to develop one of the few growing middle-class markets. (more…)
Deputy Prime Minister Truong Hoa Binh has directed the Ministry of Industry and Trade (MoIT) to review and resolve a proposal from the Vietnam Association of Financial Investors (VAFI) relating to the appointment of Mr. Vu Quang Hai as Deputy CEO of the Saigon Beer Alcohol Beverage Joint Stock Corporation (Sabeco). (more…)
The closure of 500 shops seems to have had a marginal impact on the overall liquor sales. In places like Chennai, there are plenty of access points. This is not the case in places like Madurai. (more…)
Favourites for years, especially with low earners – but last year Chinese beer consumption dropped by 3.6pc, and instant noodles fared even worse, slumping 12.5pc (more…)
Vijay Mallya, currently chairman of UBL, has also legally challenged the application of the new rules and its implication to his board position at UBL. (more…)
Bharatiya Janata Party Madurai Urban District unit has demanded the Hindu Religious and Charitable Endowments Department officials to stop collecting money for quick darshan or special darshan in temples and allow all devotees to have darshan in a free and fair manner. (more…)
Brewery stocks advanced on the back of a price increase by an average of 2% to 2.5% effective July 1, 2016. (more…)
Shares of state-backed China Resources Beer closed down 4.1% at 16.26 Hong Kong dollars on Wednesday after it announced a rights issue to fund the buyout of the world’s best-selling beer from joint-venture partner SABMiller. (more…)
