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Asia/Australia
Australia | It is a victory of sorts. While craft brewers celebrated the announcement on 1 May 2021 that the beer excise tax rebate will increase from AUD 100 000 to AUD 350 000 per annum, as of July this year, many worry that it will not benefit the brewers but the publicans.
Asia/Australia
Singapore | Given the worsening covid pandemic, ThaiBev, one of southeast Asia’s major brewers, announced that it is postponing its plans to sell a 20 percent stake in its regional beer business via a Singapore listing.
Asia/Australia
India | A fire sale by another name? Molson Coors sold its Indian business, including the high ABV Thunderbolt beer brand, after suffering a setback in the state of Bihar, following the introduction of prohibition in 2016 and a general decline in sales due to the pandemic.
Asia/Australia
Japan | Brewer Kirin is estimated to have ranked top in sales of beer and beer-like drinks in 2020, overtaking rival Asahi for the first time in eleven years, the website mainichi.jp reports.
Asia/Australia
Myanmar | Kirin should publish its investigation report on the military-owned Myanmar Economic Holdings Ltd. (MEHL) and swiftly cut ties with the company, Human Rights Watch, an NGO, said in early January.
Asia/Australia
Japan | Jointly developed by Sapporo and Family Mart, one of Japan’s largest chains of convenience stores, the beer called Kaitakushi Bakushu Shitate, or “Kaitakushi Beer Tailored” and named after the country’s first brewery, was to hit shelves in January 2021.
Asia/Australia
Thailand | Thai Beverage (ThaiBev) has revived plans to seek a stock market listing in Singapore in the first half of 2021 for its regional beer assets, including the brewer of Chang beer, in Thailand, and Sabeco, in Vietnam. The initial public offering (IPO) could raise about USD 2 billion, Reuters reports.
Asia/Australia
Vietnam | After decades of beer consumption only going up, it suddenly came to a screeching halt in 2020, after the Vietnamese government introduced Decree 100, its drastic anti-drunk driving laws in January. And then came covid-19.
Asia/Australia
Korea | Before covid-19, South Korea was one of the leading markets for booze. Beer and soju were consumed the most. What is more, one in two beers was sold in bars and restaurants. As the pandemic has prevented people from enjoying get-togethers and socialising, the beer market is undergoing a dramatic change.
Asia/Australia
India | The Japanese brewer plans to acquire a stake of slightly under 10 percent in the local craft brewer Bira for about USD 30 million, The Financial Times (FT) reported on 4 January 2021. The deal will be Kirin’s first bet on premium beer in India.
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BRAUWELT on tour
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BRAUWELT on tour
