China Resources Beer, the country’s biggest beer maker, offset lower sales due to floods and a deteriorating economy with improved cost efficiency to report a 45.1 per cent rise in net profit for the first half of the year. (more…)
The Saigon Beer, Alcohol and Beverage Corp (Sabeco) may get permission to be listed on the stock exchange in the near future, the Ministry of Industry and Trade (MoIT) said in a statement. (more…)
Australian tourists in Bali said they would not continue to visit the holiday island if a mooted ban on alcohol was enforced.
And tourist and hotel operators have warned a booze ban would spell disaster for the island’s lucrative tourist industry. (more…)
The Chinese government used a pair of distinguishing factors in approving Anheuser-Busch In-Bev’s takeover of SABMiller PLC last month that warrant close scrutiny by multinational companies seeking to merge or acquire companies there, practitioners said. (more…)
Carlsberg says its operating profit in Asia is increasing due to premium propositions growth.
According to the first-half results, Asia region continued to deliver solid organic revenue growth (+4%) thanks to a strong 7% price/mix and despite a negative volume development in China. In addition, organic operating profit growth was a healthy 6%. (more…)
North Korea may lag far behind its Asian neighbors in nearly everything — economic development, Olympic medals, and human rights, to name a few — but there’s at least one area where it remains competitive: beer. (more…)
Indonesia is mulling a proposal to introduce a nationwide ban on alcohol, triggering uproar among holidaymakers and unsurprisingly, the island country’s tourism sector. (more…)
Due to the challenging macro environment in H1 2016 the Russian beer market declined by an estimated 2-3% compared to the same period last year. Further decrease in purchasing power continue negatively affecting the market development, which is caused by volatility of the economic situation. (more…)
Even with growing competition from Carlsberg, United Breweries has managed to retain its market share at nearly 50 percent and is well prepared to deal with future competition as well, says MD Shekhar Ramamurthy. (more…)
Vietnam’s largest brewer Saigon Beer, Alcohol and Beverage Corp (Sabeco) is contemplating a listing on the Ho Chi Minh City Stock Exchange, where the country’s largest blue chips are currently listed, the local industry ministry said, in a document. (more…)