India. United Breweries Holdings Q1 net rises 13-fold to 29.47 crore
Net profit of United Breweries (Holdings) Ltd rose over 13-fold to Rs 29.47 crore for the first quarter ended June 30, 2016. (more…)
Anheuser-Busch to pay US SEC $6 million to settle India bribery charges
A man walks past the logo of Anheuser-Busch InBev at the brewer's headquarters in Leuven, Belgium February 26, 2014. REUTERS/Francois Lenoir/File photo
SEC investigation found that Anheuser-Busch InBev SA used third-party sales promoters to make improper payments to officials in India to boost sales and production. (more…)
India. More liquor outlets will not be closed: UDF Government
Taking its first big step towards scrapping the UDF Government’s liquor policy, the LDF Government on Wednesday decided not to close down any more liquor outlets on October 2. (more…)
Thai Beverage bids for a stake in Vietnam’s largest brewers
Estimated total deal value is $2.9B.
With Vietnam’s government proposing to sell off Saigon Beer, Alcohol, Beverage Corporation (Sabeco) and Hanoi Alcohol Beer & Beverages Corp (Habeco) for an estimated total of US$2.2b (S$2.9b), various media outlets have revealed that Thai Beverage (Thai Bev) is one of several bidders. (more…)
Vietnam’s health ministry wants to ban late-night sales of alcohol
Health officials fret as the country is one of the biggest consumers of beer and liquor.
The Ministry of Health is considering a ban on sales of liquor and beer after either 10:00 p.m. or midnight as officials aim to reduce negative impacts of drinking. (more…)
77 percent of Vietnamese men are drinkers: WHO survey
Vietnam has been considered one of the world’s top consumers of alcoholic beverages with 77 percent of its men drinking beer and other kinds of alcohol, according to a recent survey. (more…)
Vietnam’s top brewer Sabeco cleared for share listing by Dec
Vietnam has given the green light for the country’s biggest brewer, Sabeco, to list shares in Ho Chi Minh by December as part of a long-awaited privatisation set to offer investors a slug of Asia’s third-biggest beer market after China and Japan. (more…)
Beer me up: What Asian countries drink, even when it’s not Oktoberfest
It may come as a surprise to most, but modern Oktoberfest starts in September, rather than during the month it is named after, October. This year, the world’s largest beer festival started on September 17 in Munich, Germany, and will last until October 3. (more…)
India. United Spirits Limited gives Beer lovers a new taste of Whiskey
While USL hasn’t tweaked the alcohol content to make the new product less potent, there could be a consumer perception of it being a tempered down whiskey. (more…)
Myanmar. Mandalay booze busts trending downward in 2016
Authorities in Mandalay Region have recorded more than 350 cases of illegal alcohol sales through August of this year, with the annual total headed for a significant drop for the second straight year. (more…)