But unlike the 2012 “Eight-Point Regulation” that once gutted the sector, industry veterans say this round of restrictions is unlikely to leave lasting scars. Read More
alcohol
Thailand, Southeast Asia’s second-largest economy, is considering lifting its long-standing daytime alcohol sales ban in a bid to stimulate tourism and boost beverage industry revenue. Read More
South Korea’s spirits market has experienced substantial growth in recent years, supported by rising imports of whiskey, brandy, and liqueurs. Read More
Shares of major alcohol companies fell after U.S. Surgeon General Vivek Murthy linked alcohol consumption to cancer risks and called for warning labels on alcoholic beverages. Read More
Hong Kong has announced a major reduction in its spirits tax, slashing it from 100% to 10% on spirits priced above HKD 200 (US$25) per bottle, in a bid to replicate the success of its earlier wine tariff removal. Read More
South Korea is looking into raising purchasing limit for duty-free alcohol as a way to boost tourism, the country's Korea Customs Service (KCS) has revealed. Read More
According to data from China's Bureau of Statistics, Chinese residents, on average, allocated about 30% of their spending to food, tobacco, and alcohol, including wine, last year. Read More
While Generation Z, those under 25, is leading in alcohol abstinence, the study also highlighted a concerning trend: those within this age group who do consume alcohol are more inclined towards binge drinking. Read More
Thailand is banning alcohol sales nationwide ahead of its general election on May 14, denting the country’s US$23 billion drinks industry. Read More
Average adult Koreans drank 53 bottles of soju, 83 bottles of beer last year despite declining alcohol consumption. Read More