The firm incurred acquisition costs of 2.35 billion baht from the four deals it completed in the quarter which sent net profits down in the first quarter. Thai spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (US $ 122 million), down 62.3 percent[Read More…]
Thailand
ThaiBev seeks dominance in South East Asia
ThaiBev is seeking to increase the revenue contribution from outside Thailand to more than 50 per cent by the end of 2020. Thai Beverage (ThaiBev) has partnered a local company to buy a $4.8 billion stake in the country’s largest brewer, Vietnam Beverage. ThaiBev is doubling down on Vietnam as it seeks to[Read More…]
ThaiBev buys Myanmar’s largest distillery for US$742m
ThaiBev bought a 75% stake in Myanmar Supply Chain (MSC) and Myanmar Distillery (MDC) for US$742m. Singapore – Thai Beverage, better known as ThaiBev (Southeast Asia’s largest beverage company) now owns 75% of the Myanmar’s largest distillery. ThaiBev bought a 75% stake in Myanmar Supply Chain (MSC) and Myanmar Distillery[Read More…]
Researchers in Thailand unveil anti-cancer mango
The improved Mahachanok mango is enhanced with anti-oxidants anthocyanin and carotenoid. Researchers at Nare-suan University in Phitsanulok, northern Thailand, have developed a mango that can reduce the risk of contracting some cancers. Faculty of Agriculture, Natural Resources and Environment lecturer Asst Prof Dr Peerasak Chaiprasart explained that the improved Mahachanok[Read More…]
Thailand prepares for Save Food event
Thailand took the initiative when the National Save Food Network was established in September, 2014 by the Ministry of Agriculture and Cooperatives, the FAO, and a number of other concerned partners. Save Food, which was first held in Berlin in 2001, will be part of Pack Print International 2017, the[Read More…]
CP Foods H1 profits up despite livestock pressure
CP Foods booked a 10.5 per cent rise in revenue to THB245.59 billion. Charoen Pokphand Foods, the Thailand-based meat and seafood group, saw its earnings in the first half of the year rise despite a sharp fall in segment profits from its livestock division. The company posted profit for the[Read More…]
Thai Beverage buys up KFC Thailand restaurants
For Thai Beverage, the KFC deal is a bid to seize on the popularity of chicken in Asia. Thai Beverage, the spirits giant that makes Chang beer and SangSom rum, is expanding into the fast-food business. ThaiBev agreed to purchase more than 240 existing KFC restaurants in Thailand for about[Read More…]
Thailand introduces new sugar tax
Though no tax has been specified yet, it will be based on how much sugar a drink contains. Thailand will phase in a sugar tax over six years in a bid to help drinks manufacturers to lower their sugar content and take advantage of a simultaneous lowering of tax on[Read More…]
Thailand Gears Up for Food Production to Serve the World
“Thailand 4.0” economic model offers generous incentives and tax exemptions to high tech companies that set up advanced manufacturing facilities in the country — including agro-processing and food for the future. Singapore – The UN Food and Agriculture Organization projects the global population could swell to 10 billion in the[Read More…]
IndieDish announced as winner at Echelon Thailand 2017
IndieDish optimises its logistics algorithm by using a pre-order system. IndieDish was announced winner of the TOP 100 Fight Club Thailand at Echelon Thailand 2017, an enriching two-day tech conference organised by e27, in collaboration with Startup Thailand and the National Innovation Agency. Echelon Thailand 2017 is a digital insight,[Read More…]
