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…)
Malaysia to raise drinking age to 21
Muslim-majority Malaysia said Wednesday (Jun 1) it would raise its minimum age for alcohol consumption to 21 next year from the current 18 to stem underage drinking and alcohol abuse. (more…)
Malaysia. Smooth cold one now in a bottle
How would you like to enjoy the smooth sensation of freshly tapped beer anytime and anywhere?
Now, with Carlsberg’s latest innovation, Carlsberg Smooth Draught, you can – the only difference being the fact that it’s now in a bottle.
It is now available in a familiar looking green bottle with a white label with hints of silver instead of the brand’s iconic green. (more…)
Malaysia. Brewers may need to be innovative
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…)
Malaysia. Carlsberg expects a tough year in FY16
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…)
Malaysia. Penang Hindu Association wants cinema to stop selling beer
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…)
Malaysia. GAB’s net profit up on higher sales volume
Guinness Anchor Bhd’s (GAB) net profit climbed 28.9% year-on-year for the first full quarter since Heineken NV became its indirect majority shareholder in October last year. (more…)
Guinness Anchor to be Heineken Malaysia
If a combination of Anheuser Busch InBev and SABMiller could prompt the mega-brewer to focus on its bigger brands and see a massive worldwide distribution, then it should also be the case for Malaysian-listed Guinness Anchor Bhd (GAB), whose major shareholder now is the second largest beer group in the world by volume, Heineken NV. (more…)
Malaysia. Guinness Anchor Bhd cautious about hiking prices in near term
Brewery Guinness Anchor Bhd (GAB) said it will be cautious not to hike prices of its products further in the near term on pressures of a higher inflation rate in the second half of 2016. (more…)
Lehmann to take over the helm at Carlsberg Malaysia
Carlsberg Brewery Malaysia Bhd has appointed Lars Lehmann as managing director effective July 1 to replace Henrik Juel Andersen, who has been appointed to a senior position in Carlsberg A/S. (more…)