Despite a slump following the shuttering of bars in 2014, beer sales witnessed a steep and alarming rise during 2015-16 courtesy the UDF government’s decision to allow more beer and wine parlours. (more…)
Most experts, when asked about the tax increases for beer, liquor and cigarettes, said they advocate the plan, especially if the government tries to collect more from domestic taxes to increase budget revenue. (more…)
Refuting the allegations that his government had given 20 acres of land to United Breweries Limited (UBL) at a throwaway price in Palakkad district, Chief Minister Oommen Chandy said that the UDF government was only being made a scapegoat. (more…)
Beer companies may have to adopt a different approach to target further growth in the Malaysian market amid the extremely difficult operating environment surrounding the industry currently. (more…)
Guzzlers, who try to beat the summer heat with a sip of chilled beer, are finding the going tough this time around. The brew ran out of stocks in the depots of Andhra Pradesh Beverages Corporation (APBC) in light of the soaring demand and fall in supply. (more…)
The growth rate of beer imports to China in March 2016 slowed. This is evidenced by data of the General Administration of Customs of the People’s Republic of China. (more…)
Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) expects a tough year in the financial year ending Dec 31, 2016 (FY16), given the slower economic growth in Malaysia and Singapore compounded by the increase in the excise duty. (more…)
nited Breweries Holdings Ltd (UBHL), the holding company of former liquor baron Vijay Mallya’s UB Group, said it appointed Ajay Kumar Vijay chief financial officer with effect from April 20.
Vijay succeeds Ravi Nedungadi, who retired last month after reaching prescribed retirement age. (more…)
The Penang Hindu Association (PHA) has called for the sale of beer to be prohibited at cinemas.
PHA deputy president P. Murugiah said the association discovered a cinema in a shopping mall here to be offering the beverage. (more…)
Shares in China Resources Beer (Holdings) rallied here Thursday on news of a whopping 460% jump in net profit on the year for the January-March quarter. (more…)