Singapore: Latest beverage news & analysis
On Sunday (11 May), the Asia Pacific leg of Tax Free World Association's exhibition series kicks off. The event takes place against a backdrop of trading ills for international drinks companies in the domestic Chinese market. Joe Bates previews the exhibition and considers whether the China travails will seep into the region's broader Travel Retail channel.
A change of CEO and the end of its 75-year partnership with The Coca-Cola Co, could signal a change of direction for Fraser & Neave (F&N) and the boost it needs to push further into the Asean region.
Exhibitors and visitors to the Tax Free World Association (TFWA) Asia Pacific show in Singapore, which opens this Sunday (9 May), have good reason to be optimistic. The Asian duty-free business has rebounded quickly from last year’s global economic downturn. Joe Bates considers the current state of the travel retail sector in the region, ahead of next week's show.
Heineken is hoping to turn the attention of Asia's beer consumers nearer to home in a marketing push for its Tiger beer brand.
The finance director at Heineken's Asia Pacific unit has moved to head up several of the brewer's Asian markets following the departure of its regional director for Singapore, Indochina and Exports.
Fraser and Neave (F&N) has bought a 70% stake in Malaysian canned beverage maker Yoke Food Industries for SGD21m (US$16.7m).
Carlsberg has bought a 51% stake in MayBev, the exclusive distributor for Ashai in Singapore.
Fraser & Neave has agreed to drop a clause in an agreement with Heineken that has prevented the brewer from selling soft drinks in Singapore, following a competiton probe.
Diageo has cut the ribbon on a “technical” centre in Singapore seven weeks after opening one in Panama.
Singapore-based Del Monte Pacific has denied it has held discussions over a possible takeover with Japanese firm Suntory.
The TFWA Asia Pacific Conference and Exhibition saw a record number of visitors this year despite a last-minute venue change, according to organisers.
Trading in ThaiBev's shares resumed earlier today (11 April), after a credit agency lowered its rating on the group.
ThaiBev has requested a halt to trading in the company's shares as it is gears up to make an announcement.
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