Heineken aims to be market leader in Myanmar by 2020

  • Reading time:3 min(s) read

Heineken intends to become the market leader in Myanmar’s beer market by 2020, confident that it can beat local and foreign products in one of the biggest emerging markets in the Asia Pacific region. (more…)

India. Sebi expands probe into UB group firms

  • Reading time:1 min(s) read

Finding prima facie evidence of non-compliance to various norms including on insider trading and corporate governance, Sebi has widened its probe into dealings of Vijay Mallya-led UB Group, including in its own shares and with UK-based Diageo and other foreign players. (more…)

Vietnam’s brewers say new luxury tax rules hurting beer market

  • Reading time:3 min(s) read

Many brewers in Vietnam, one of the largest beer markets in Asia, are calling for the government to rethink its new luxury tax policy, saying higher taxes will push prices up and hurt sales.
According to local media reports, the companies said at a meeting on Wednesday that they are very concerned about their business. (more…)

China. CR Beer profit bubbles despite flat market

  • Reading time:3 min(s) read

China Resources Beer, which bought out SABMiller’s joint venture stake in the company earlier this month to smooth the way for AB InBev’s takeover of the London-listed brewer, today announced a nearly 14 per cent rise in profits on its beer operations last year, despite a soft Chinese beer market. (more…)

Carlsberg aims to strengthen position in India – CEO

Carlsberg aims to strengthen position in India – CEO
An employee works at a line bottling beer at Carlsberg brewery "Baltika-Pikra" factory in Krasnoyarsk, January 10, 2013. REUTERS/Ilya Naymushin/Files
  • Reading time:3 min(s) read

Danish brewer Carlsberg said on Wednesday it swung to a pretax loss of 1.73 billion Danish crowns ($261.8 million) in 2015 after it booked impairment and restructuring charges of around 10 billion crowns, mainly in the third quarter. (more…)

5 Things to Know About Chinese Consumers

  • Reading time:3 min(s) read

The world is watching a slowing China and is increasingly concerned that China’s consumers are about to close their wallets. A new report from consultancy McKinsey & Co. says that won’t likely be the case. Here are five takeaways from the report, which surveyed 10,000 consumers, ages 18 to 65, across 44 Chinese cities. (more…)