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Hong Kong’s worst coronavirus resurgence could cost the city’s dining sector as much as HK$3 billion (US$387 million) in the month of July, as dining-in at restaurants is banned till the end of this month.
Hong Kong government has announced sweeping rollbacks on social distancing rules to fight alarming third wave, including banning dine-in at restaurants and closure of bars.
After Hong Kong reported alarming infection numbers within days, the city has reverted to strict social distancing measures including putting a cap on numbers at restaurants, bars and nightclubs.
Australia’s biggest wine company, Treasury Wine Estates, has issued a profit warning as much as 20% for its core earnings for fiscal year 2020 and withheld guidance for 2021 due to the coronavirus pandemic.
Residents in China’s southern metropolis Shenzhen certainly had a boozy month of May. The city has given out RMB 50 million (US$7 million) worth of drinks voucher to local residents in an effort to boost alcohol sales amid pandemic.
Singapore is relaxing its lockdown starting from this Monday, writes Ch’ng Poh Tiong.
Frequent drinkers in China increased spending during the lockdown months in China, while occasional drinkers dialed back on alcohol consumption, a new report by consumer data giant Nielsen has found.
China’s biggest and oldest winery, Changyu Pioneer Wine Company, is calling for the removal of consumer tax on wines to boost the country’s domestic wine consumption.
Hong Kong government is slashing exhibition prices for the November HKTDC International Wine & Spirits Fair by half to draw in wineries and visitors amid the city’s dwindling tourists and economic downturn.
What Australian wineries and wine merchants in China are fearing the most is about to happen, as sources told Bloomberg that wine is among a list of potential agricultural products drawn up by Chinese officials to retaliate Australia over its push for coronavirus inquiry.