India. Tamil Nadu government plans to shut 1,000 more Tasmac shops

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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…)

Vietnam. Will national brewers survive new taxes?

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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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Vietnam. Government to review appointment of Sabeco Deputy CEO

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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…)

China. The fight is on, for beer and noodles

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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…)

India. BJP demands immediate closure of TASMAC outlets near temples

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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…)

China Resources Beer shares down 4% after rights issue

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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…)