South Korea’s Hite Jinro seeks to expand its presence in Vietnam to make the country a gateway to the South East Asian market and strive to achieve 530 billion won ($475 million) in overseas sales by 2024, according to the company’s long-term outline. (more…)
Though subsequent governments have initiated no curbs in issuing licence for beer-wine parlours in the state, there is no rule to regulate the working hours of beer and wine parlours. This would mean that under existing rules, beer and wine parlours can technically function 24 hours a day. (more…)
The Bharatiya Janata Yuva Morcha unit of Kerala has said that it will not allow sale the sale of liquor through Kerala Beverages Corporation (BEVCO) outlets on the days of Uthradam (eve of onam) and Onam. (more…)
Thai Beverage Plc (ThaiBev), the country’s biggest drinks company, says it is ready to pursue mergers and acquisitions on the back of its financial strength. (more…)
Vietnam’s government is taking an unprecedented step in divesting all it owns in the nation’s two leading beer companies as a growing budget deficit forces the leadership to accelerate a plan to reduce holdings in state-owned firms. (more…)
Local Nepali administrations have started shutting down liquor shops in Nepal-India border after booze lovers from Bihar started flocking to the Nepali side and hampered peace and order in the porous border. (more…)
The city may have been a little late to China’s craft-beer party but, with brew bars popping up all over, it’s catching up fast. (more…)
Vietnam’s government said it will fully divest from its two biggest breweries and target to raise $2.2 billion over the next 16 months, loosening its tight grip over one of Asia’s most sought-after beer markets. (more…)
However, its total incom from operations rose by 33.63 per cent to Rs 103.62 crore during the March quarter as against Rs 77.54 crore in the same period a year ago, United Breweries Holdings said in a filing to the BSE. (more…)
While the planned merger of the world’s two biggest beer makers, Anheuser-Busch InBev NV and SABMiller, has brought renewed attention to global consolidation in the industry, Japan has managed to isolate itself from the wave so far. (more…)
