UB’s Ebitda rose by 50.8%, even after accounting for increases in expenses on salaries, promotions and other expenses.
Beer guzzlers went on a binge in the December quarter. What prompted this is not really known, but the industry is not complaining. Sure, there was a low base effect, but not enough to explain the 13% increase from a year ago in the beer industry’s growth. (more…)
The local favorite Myanmar Beer still controls much of the market, but a flood of foreign beers are tapping into a consumer base thirsty for new choices. (more…)
When President Xi Jinping shared a pint of beer with British Premier David Cameron at a Buckinghamshire pub during his state visit in October, the gesture reverberated across the continents. It stirred curiosity about beer and flushed some business owners with cash. (more…)
Breweries major AB InBev has received fair trade regulator CCI’s approval to acquire its close rival SABMiller for about 71 billion pounds. (more…)
In 2013 Carlsberg Group announced that it had signed a strategic partnership agreement with a local privately-owned leading beverage company, Myanmar Golden Star (MGS) Breweries, to brew and market Carlsberg beers in Myanmar. Under this agreement, MGS Breweries and Carlsberg formed a Joint Venture – Myanmar Carlsberg Co., Ltd. – with plans to set up a new greenfield brewery and distribute Carlsberg beers in the local market. (more…)
At a time when the bars are closed, it’s an advantage for all those who prefer to get liquor delivered at their doorsteps. They can avoid standing for hours in the serpentine queues in front of Kerala State Beverages Corporation’s outlets as the illegal home delivery of Indian Made Foreign Liquor (IMFL) is booming in the city, and those running this business are making a killing. (more…)
The Ministry of Commerce of China approved the participation of AB InBev Company in the purchase of 171 million of common shares of non-public emission of Zhujiang Brewery Group. (more…)
Just a little over a year ago, former Trade Minister Rachmat Goebel made life very inconvenient for everybody in Indonesia who like to occasionally crack open a cold beer at the end of a long day by banning the sale of beer at convenience stores across the country. (more…)
Craft Beer in Saigon
“Are you looking for something lighter or darker?” asks a twenty-something Vietnamese man from behind the bar. His name is “H” (like the letter, he tells me) and by the looks of him, H enjoys his beer. He doesn’t have the traditional slender frame of his countrymen, but carries a slight paunch that’s become increasingly prevalent as Western indulgences, such as craft beer, make their way into Vietnam. (more…)
Karnataka, which was earning good revenue hitherto through the sale of ‘cheap’ liquor outside the State, has been hit badly over the last few months, ever since Andhra Pradesh made a foray into the market. (more…)
