Diageo feels the pain of China slowdown

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The world biggest drinks company is an unlikely victim of the slowdown in the Chinese economy, says Questor.

Diageo’s slight rise in sales yesterday was just enough to appease investors who have become impatient after two years of lacklustre performance. (more…)

Malaysia. Potential 10% hike in alcohol duty by Feb 1

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The government is considering increasing the duties on alcoholic beverages before the Chinese New Year.

According to a report in Sin Chew Daily yesterday, a 10% hike is expected in the duties for liquor and other alcoholic drinks. (more…)

India. Shares of liquor makers fall as Goa plans to ban alcohol consumption in public places

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Shares of liquor makers such as United Spirits and United Breweries fell in a listless trade on Wednesday on news that Goa is planning to ban consumption of alcohol in public places. Analysts said companies will not be impacted by this move but sentiment in these stocks was hit on worries that other states too, may impose restrictions on consumption of liquor. (more…)

India. Mumbai’s Gateway Brewing: Say hello to a chilled coffee beer

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Mumbai’s Gateway Brewing Co. and a home brewer come together to launch Kaapi, a stout infused with single-estate coffee.

What happens when you infuse an Indian stout with a single estate coffee from southern India? You get Kaapi. But, first. in case you are unfamiliar with different styles of beer, here’s a bit about stouts. (more…)

China. San Miguel Hong Kong warns investors of losses in 2015

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San Miguel Brewery Hong Kong issued a profits warning yesterday in a filing with the Hong Kong Stock Exchange, saying the Hong Kong arm of the Philippine-based company ‘is expected to incur a consolidated net loss for the year ended 31 December 2015’. (more…)