Singha Corp, Thailand’s leading beverage maker, is using the cash flow generated by beer sales to fund increasing diversification in property and other new businesses, according to Piti Bhirom Bhakdi, Managing Director of Boon Rawd Trading Co., Ltd., the group’s main sales arm. (more…)
A group of lenders led by State Bank of India on Monday sought to strongly refute the United Breweries Group chairman Vijay Mallya’s contention that they, needing to recover over R9,000 crore from him, have no business to know about his overseas assets. The banks iterated that his personal guarantee “subsisted” and was a “major source of recovery” for them given that petitions seeking winding up of his two insolvent companies — Kingfisher Airlines (KAL) and United Breweries Holdings — are pending in the Karnataka High Court. (more…)
In the first quarter of 2016, China Resources Beer (Holdings) Limited sales of beer increased by 0.4% to 2.659 billion liters. (more…)
Despite a slump following the shuttering of bars in 2014, beer sales witnessed a steep and alarming rise during 2015-16 courtesy the UDF government’s decision to allow more beer and wine parlours. (more…)
Most experts, when asked about the tax increases for beer, liquor and cigarettes, said they advocate the plan, especially if the government tries to collect more from domestic taxes to increase budget revenue. (more…)
Refuting the allegations that his government had given 20 acres of land to United Breweries Limited (UBL) at a throwaway price in Palakkad district, Chief Minister Oommen Chandy said that the UDF government was only being made a scapegoat. (more…)
Beer companies may have to adopt a different approach to target further growth in the Malaysian market amid the extremely difficult operating environment surrounding the industry currently. (more…)
Guzzlers, who try to beat the summer heat with a sip of chilled beer, are finding the going tough this time around. The brew ran out of stocks in the depots of Andhra Pradesh Beverages Corporation (APBC) in light of the soaring demand and fall in supply. (more…)
The growth rate of beer imports to China in March 2016 slowed. This is evidenced by data of the General Administration of Customs of the People’s Republic of China. (more…)
Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) expects a tough year in the financial year ending Dec 31, 2016 (FY16), given the slower economic growth in Malaysia and Singapore compounded by the increase in the excise duty. (more…)
