The Chinese continue to consume more import beer
In February 2016 the volume of beer imports to China amounted to 20.95 million litres. This is by 50.7% more than last February. (more…)
Heineken aims to be market leader in Myanmar by 2020
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
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…)
Kirin to make, sell Ichiban Shibori beer in Myanmar
Kirin Holdings will begin brewing and selling its flagship Ichiban Shibori beer in Myanmar as early as this month. (more…)
China Resources Beer goes upmarket to counter slowing sales
China Resources Beer is counting on the premium segment to boost margins as the country’s sluggish economy and intense market competition has hurt beer sales. (more…)
Vietnam’s brewers say new luxury tax rules hurting beer market
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…)
Vietnam. New taxes farce Sabeco to raise beer prices
The Ministry of Finance of Vietnam has issued two new laws that regulate the calculation and payment of special consumption tax. The tax came into force from the beginning of 2016. (more…)
China. CR Beer profit bubbles despite flat market
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
An employee works at a line bottling beer at Carlsberg brewery "Baltika-Pikra" factory in Krasnoyarsk, January 10, 2013. REUTERS/Ilya Naymushin/Files
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…)
Danish brewer Carlsberg unveils new plans to promote growth in Asia
Danish brewer Carlsberg on Wednesday announced new strategic plans to strengthen its core business and capture growth opportunities. (more…)