Vietnam. Why are investors attracted to Sabeco?

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ThaiBev, the conglomerate owned by Thai billionaire Charoen Sirivadhanabhakdi, has been chasing Sabeco’s stakes for a few years. More than 10 investors have registered to buy Sabeco’s shares. Why are investors so interested in the Vietnamese beer manufacturer? (more…)

Philippines. San Miguel Brewery sees strong profits

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San Miguel Brewery, Inc. (SMB) could book P12 billion to P15 billion in net income by the yearend, with the company already netting P4 billion during the first quarter, its chairman said. (more…)

India. Close Tasmac outlet: villagers

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Residents of Alagarmalai village in Ullatti Panchayat located on the Masinagudi Ghat Road in The Nilgiris picketed a Tasmac outlet on the road seeking its closure. B. Nanjappan of the village said that the outlet is located around 50 m away from a government primary school. (more…)

Since 2017 Russia will ban beer in 1.5 liters plastic bottles

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The Russian government has prepared amendments to the legislation providing for a ban on the production and sale of alcohol in plastic bottles larger than 1.5 liters, reported on the website of the Cabinet. It is expected that this will reduce the consumption of alcoholic beverages, which dropped significantly during the crisis. (more…)

India. Vijay Mallya may step down as United Breweries chairman

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Vijay Mallya is likely to step down as chairman of United Breweries, being automatically disqualified in line with the market regulator’s notification barring wilful defaulters from holding board positions in listed companies. Controlling stakeholder Heiniken and the board of directors will meet soon in this regard to identify a successor, said people aware of the matter. (more…)

China. New 500 ml volume Snow Beer instead of 580 ml

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On 27 May, it became known that the usual «big green stick» bottle of Snow Beer of 580 ml was substituted by a new pack of 500 ml. A row of supermarkets practically do not propose beer in the old pack any more as it was replaced by half-liter bottle which has already become standard. (more…)

India. Tasmac shop faces residents’ ire

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Over 500 residents of Pushpa Nagar in Nungambakkam staged a protest in front of a Tamil Nadu State Marketing Corporation (Tasmac) shop in their locality demanding its closure as it was located in a residential area. Even school boys were taking to liquor, they said. (more…)