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Authorities in Malaysia's Sabah state uncovered two separate liquor smuggling cases within a single week this month, the latest in a string of incidents that officials and industry observers link to the country's steep alcohol taxes and an unusual quirk in its tax code that has turned a nearby duty-free island into a smuggling gateway. Read More
Two of China’s publicly traded drinks retailers, VATS Liquor and Liquor Easy, reported first-half losses as weaker spending and falling prices for major spirits brands put pressure on sales, prompting efforts to cut costs and reduce inventory. Read More