Thailand. Singha reconsiders packaging affiliate’s listing
Thailand’s Singha beer producer Boonrawd Brewery plans to spin off its packaging subsidiary, listing it on the Stock Exchange of Thailand. (more…)
India. Tasmac beer sales get summer, election kick
This might sound like something straight out of Ripley’s Believe it or Not if you were not in Tamil Nadu.
For tipplers here, though, the heat and elections combined together are a prescription for beer. That is why after two years, beer sales at The Tamil Nadu State Marketing Corporation Limited have gone up by 20 per cent. (more…)
India. Kaama Impex aims for 30 pc share of premium beer market
iquor firm Kaama Impex is aiming for 30 per cent market share in the premium imported beer segment in the next two years through its UK-brewed craft beer Witlinger.
The company, which has rights of several global beer brands in India, including Sol and Magners, today launched retail sales of Witlinger. (more…)
Diversification key to globalization for Asian companies
As Asian companies aspire to grow, they become more inclined to look beyond their home turf. Some of the successful forerunners present at the FT-Nikkei Asia300 Forum on Monday morning embody the importance of companies diversifying their business portfolios. (more…)
Singha Uses Beer Cashflow to Fund Diversification in Thailand Property, Foreign Assets
Singha Corp, Thailand’s leading beverage maker, is using the cash flow generated by beer sales to fund increasing diversification in property and other new businesses, according to Piti Bhirom Bhakdi, Managing Director of Boon Rawd Trading Co., Ltd., the group’s main sales arm. (more…)
India. Lenders insist on listing of Vijay Mallya’s overseas assets
A group of lenders led by State Bank of India on Monday sought to strongly refute the United Breweries Group chairman Vijay Mallya’s contention that they, needing to recover over R9,000 crore from him, have no business to know about his overseas assets. The banks iterated that his personal guarantee “subsisted” and was a “major source of recovery” for them given that petitions seeking winding up of his two insolvent companies — Kingfisher Airlines (KAL) and United Breweries Holdings — are pending in the Karnataka High Court. (more…)
China. In the first quarter of 2016, Snow Beer sales increased to 2.659 billion liters
In the first quarter of 2016, China Resources Beer (Holdings) Limited sales of beer increased by 0.4% to 2.659 billion liters. (more…)
India. Alarming Rise in Beer Sales Raises Concern in Cerala
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…)
Vietnam has high tax on dairy products, low tax on beer & liquor
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…)
India. UBL land issue: Chief Minister clarifies
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…)