China. The fight is on, for beer and noodles
Favourites for years, especially with low earners – but last year Chinese beer consumption dropped by 3.6pc, and instant noodles fared even worse, slumping 12.5pc (more…)
India. United Breweries board seeks legal view on Sebi’s ‘wilful defaulter’ rules
Vijay Mallya, currently chairman of UBL, has also legally challenged the application of the new rules and its implication to his board position at UBL. (more…)
India. BJP demands immediate closure of TASMAC outlets near temples
Bharatiya Janata Party Madurai Urban District unit has demanded the Hindu Religious and Charitable Endowments Department officials to stop collecting money for quick darshan or special darshan in temples and allow all devotees to have darshan in a free and fair manner. (more…)
Malaysia. Cheers to brewery stocks, shares rise on price increase
Brewery stocks advanced on the back of a price increase by an average of 2% to 2.5% effective July 1, 2016. (more…)
China Resources Beer shares down 4% after rights issue
Shares of state-backed China Resources Beer closed down 4.1% at 16.26 Hong Kong dollars on Wednesday after it announced a rights issue to fund the buyout of the world’s best-selling beer from joint-venture partner SABMiller. (more…)
Boozy battle-ground: a turf war brews in Myanmar
At a beer station on Bogyoke Aung San Road, servers traipse from table to table, handing mugs of Myanmar Beer to cheroot-smoking men in longyis. Another beer station in Sanchaung township looks almost exactly the same, but with Dagon Beer decorations and brew dripping from the taps. (more…)
India. Singh Sheikhawat: consumer is far more promiscuous today than he ever was
Senior vice-president of marketing at United Breweries, Samar Singh Sheikhawat interview. (more…)
China Resources Beer to raise HK$9.5b in rights issue, as it preps to buy SABMiller’s 49pc stake in Snow Breweries
China Resources Beer, the country’s biggest beer maker, said Wednesday it was planning to raise HK$9.5 billion in what is likely to be one of the largest rights issues in Hong Kong since last year, as it prepares to buy a 49 per cent stake in China Resources Snow Breweries, currently owned by SABMiller. (more…)
Thai beer drinkers power Singapore’s best stock
The biggest gainer among Singapore’s stocks this year is a foreigner. Thai Beverage’s return this year is almost triple that for the second-best stock in the Straits Times Index. (more…)
New survey shows Russians want traditional Russian beer
Russian Public Opinion Research Center (VCIOM) has publicly presented its latest survey data on the demands and aspirations of the local beer-drinkers. The main goal of the poll was to establish what kind of beer Russians would prefer to see in stores, what they think about the nation’s brewing industry, and in what cases Russians deem the consumption of beer appropriate. (more…)