Person reading Business newspaper (Photo by Adeolu Eletu on Unsplash)

Singapore | Here we go again. Thai Beverage (ThaiBev) is looking to raise as much as USD 1 billion through the revived Singapore Initial Public Offering (IPO). It could be held later this year, various news agencies reported in May 2022.

Lockdown: Nearly empty multi-lane road (Photo by cal gao on Unsplash)

China | During the first year of the covid pandemic, domestic beer sales suffered a sharp decline. The on-premise was hit hardest, due to nationwide lockdowns and the cancellation of social and festival gatherings.

Neon yellow craft beer sign (Photo: Tim Gouw on Unsplash)

Australia | How to explain Coca Cola Europacific Partners’ strategy swings? Only in October 2021 had CCEP announced its exit from beer and cider, which included the sale of its stand-alone craft brewer Feral. The Coke bottler had concluded that achieving scale in beer and cider would require significant investment.

Exit sign in front of orange background (photo: ddp/Unsplash)

Japan | Kirin Holdings will withdraw from its business in Myanmar and terminate its joint venture with a military-linked partner, it said on 14 February 2022.

Man with beer glasses in his hands (Photo: Mark Broadhead on unsplash)

Australia | The Australian Hotels Association and the Brewers Association continue to campaign for a cut to the increased excise on draught beer, which came into effect on 1 February 2022. Their campaign is in support of pubs, and clubs, many of which are small businesses that have endured the most difficult trading conditions because of the pandemic.

Old Bagan, Myanmar: Temple silhouettes against an orange sky (Photo by Charlie Costello on Unsplash)

Japan | It will all end in tears. In December 2021, Kirin filed for arbitration in Singapore to terminate its joint venture with Myanma Economic Holdings (MEHL), a military-controlled conglomerate with ties into industries as diverse as beer, tobacco, transportation, textiles, tourism and banking.

Wooden boats on a beach, Thailand (Photo by Frankie Spontelli on Unsplash)

Thailand | Tens of thousands of tourists, escaping the northern winters, are expected to arrive in Thailand as the country reopened to tourists on 1 November 2021 after 18 months of covid restrictions. Vaccinated visitors from more than 60 “low-risk” nations are allowed to enter without having to quarantine.

Liquor is poured into a shot glas (Photo by Adam Jaime on Unsplash)

China | In early November 2021 drinks company Diageo broke ground on its first, USD 75 million whisky distillery in China. It hopes to turn more local drinkers into whisky lovers, in a market that has long been dominated by baijiu makers like Kweichow Moutai.

A group of people in front of a table at a Sam's club during the 2020 Covid-19 pandemic in Shenzhen, China (Photo by Joshua Fernandez on Unsplash)

China | China’s beer production has been on a downward slope since 2013. In 2020, the domestic beer output stood at 341 million hl, which is a 7 percent decline over 2019. If this downward trend continues, the market leader, China Resources beer, which makes Snow beer, will be lucky to achieve flattish volume sales, observers say.

Front view of a Cooper’s Ale House, Australia (Photo: E. Hebeker)

Australia | After it emerged unscathed from the first covid year, Coopers Brewery saw its beer volumes tumble by 8 percent in the July-to-October period this year due to lockdowns in Sydney and Melbourne and uncertainty in other markets.

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