THE lifting of Labuan’s tax-free haven status starting with alcoholic beverages, should it happen, is a quick way to boost Government coffers, although the overall impact may not be too significant.
Guinness Anchor Bhd (GAB) boosted its second-quarter (Q2) net profit to RM90.84mil, up 19.3% from a year earlier, mainly by improving its cost-efficiency. The brewer told Bursa Malaysia that during the three months to Dec 31, 2015, it phased certain … Continue reading
Ask any Muslim whether drinking beer is haram (prohibited), and their answer will be an obvious ‘yes’, due to the high alcohol content in the beverage that is intoxicating. The same goes with all Muslims living in Malaysia, ask them … Continue reading
More than 530,000 litres of smuggled alcohol have been removed from Malaysia’s Selangor district as Custom officers clamp down on Malaysia’s illicit alcohol market.
Guinness Anchor Bhd (GAB) does not expect any major shift in business directions following the takeover of its holdings company GAPL Pte Ltd by Heineken NV last October. GAB MD Hans Essaadi said despite having a new parent entity, GAB … Continue reading