Malaysia. Tapping into an auspicious year

  • Reading time:1 min(s) read

Chinese New Year celebrations kicked off with a cheer for the Star Media Group Bhd (formerly known as Star Publications (M) Bhd) management and staff as Carlsberg Malaysia visited Menara Star in Section 16, Petaling Jaya. (more…)

India. The Beer Cafe is looking to raise nearly $40 mn from PE funds

  • Reading time:3 min(s) read

BTB Marketing Pvt. Ltd, the New Delhi-based company that runs The Beer Cafe, a chain of beer bars, is in talks with private equity funds to raise up to $40 million (Rs.270 crore) to expand its presence across the country, said two people directly familiar with the development. (more…)

Australia&China. Woolworths plans to heat up liquor sales with Snow

  • Reading time:3 min(s) read

Woolworths is being trounced in hardware and beaten in supermarkets but its liquor business is still performing strongly, and has just struck an exclusive deal to sell the biggest beer brand in the world for the first time in Australia through its outlets. (more…)

Thailand&Vietnam. Singha transferred $650 million for purchasing shares of Masan Consumer and Masan Brewery Holdings

  • Reading time:1 min(s) read

Within the framework of the previously signed agreement, on January 28 Singha Asia Holding transferred $650 million of investment for purchasing shares of Masan Group. Of this, $600 million were transferred to pay 14.3% of the shares of Masan Consumer Holdings (MCH), and the remaining $50 million were for payment of 33% of the shares of Masan Brewery. (more…)

Diageo feels the pain of China slowdown

  • Reading time:3 min(s) read

The world biggest drinks company is an unlikely victim of the slowdown in the Chinese economy, says Questor.

Diageo’s slight rise in sales yesterday was just enough to appease investors who have become impatient after two years of lacklustre performance. (more…)

Malaysia. Potential 10% hike in alcohol duty by Feb 1

  • Reading time:2 min(s) read

The government is considering increasing the duties on alcoholic beverages before the Chinese New Year.

According to a report in Sin Chew Daily yesterday, a 10% hike is expected in the duties for liquor and other alcoholic drinks. (more…)

India. Shares of liquor makers fall as Goa plans to ban alcohol consumption in public places

  • Reading time:2 min(s) read

Shares of liquor makers such as United Spirits and United Breweries fell in a listless trade on Wednesday on news that Goa is planning to ban consumption of alcohol in public places. Analysts said companies will not be impacted by this move but sentiment in these stocks was hit on worries that other states too, may impose restrictions on consumption of liquor. (more…)