Singaporean investment heavyweight Heliconia Capital Management Pte Ltd has finalized its acquisition of Wine Connection, the leading operator of wine shops and restaurants in Southeast Asia, in a deal reportedly valued at US$100 million. Read More
Thailand
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
Thailand will be lifting a 50-year-old alcohol ban that bans alcoholic beverage sales in the afternoon starting from July 1 in a hope to boost local tourism. Read More
Thailand's Monsoon Valley believes it has produced an exceptional 2021 vintage after more than two decades of making wines in tropical climate. Read More
Authorities in Thailand have busted a smuggling ring that have illegally funneled in 980 cases of wines including top Napa reds from Opus One and Robert Mondavi, according to Thai customs. Read More
Thailand’s capital city Bangkok has issued an alcohol ban in an attempt to curb the spread of COVID-19, prompting local residents to stock up on … Read More