Does North Korea Make the Best Beer in Asia?

Does North Korea Make the Best Beer in Asia?
This photo taken on August 12, 2016 shows a waitress carrying jugs of beer to guests before the opening of the Pyongyang Taedonggang Beer Festival on the banks of the Taedong river in Pyongyang. / AFP / Kim Won-Jin (Photo credit should read KIM WON-JIN/AFP/Getty Images)
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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…)

Russia. Baltika summarized H1 results

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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…)

Vietnam’s largest brewer Sabeco mulls listing on southern bourse

Vietnam’s largest brewer Sabeco mulls listing on southern bourse
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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…)

Myanmar. Hotels and bars face liquor licence woes

Myanmar. Hotels and bars face liquor licence woes
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Only about 10 percent of the places serving liquor in the country are legally allowed to do so, tourism experts say, and while the widespread availability of unlicensed premises serving drinks is costing the local economy in unpaid taxes, the Ministry of Home Affairs refuses to issue more licences. (more…)

Sri Lanka’s brewery makes Rs500mn loss after floods

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Sri Lanka’s Ceylon Beverage holdings, brewer for Lion and Carlsberg in Sri Lanka, lost Rs501 million in the June quarter as the floods disrupted production, interim accounts filed with the Colombo Stock Exchange showed. (more…)

Hundreds turn up for North Korea’s first beer festival

Hundreds turn up for North Korea’s first beer festival
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North Korea is known for many things, but a watering hole it wasn’t — until now.

On Friday, the Communist country’s capital of Pyongyang played host to its first ever beer festival which saw 800 attendees turn up to join in the festivities. (more…)