Thailand mulls tax exemptions on drinks with higher fruit and veg content

ASIA – Thailand is considering excise tax exemption for drinks with a higher fruit and vegetable content to encourage healthy dieting and consumption in the country. The Thai Excise Department has also unveiled plans to raise the required content of fruits and vegetables in juices to a minimum of 20% as a way to increase…

Chinese dairy group Yili buys Thai ice cream maker Chomthana

ASIA – Yili Group, state-owned company of dairy industry in China has acquired Chomthana, Thailand's leading ice cream and frozen foods manufacturer to expand its operations in Southeast Asia. Chomthana, which has more than 37 years of experience and exports its products to 13 foreign markets, sells a range of ice cream products, ice lollies…

Cargill to invest US$70m in Thailand’s seafood and poultry in 2 years

ASIA – The American grain and agricultural trading corporation, Cargill has announced that it is committed to invest more than US$70 million in poultry and seafood in Thailand over the next two years. The investment aims to meet global demand and increasing consumption of the products while addressing the company’s innovation strategy. Cargill is looking…

ThaiBev bets big on Vietnam, buys US$4.8 b stake in largest brewery

VIETNAM - Thai Beverage Plc is doubling down on Vietnam after it partnered with a local company to buy a $4.8 billion stake in the country’s largest brewer, a key step for the company controlled by billionaire Charoen Sirivadhanabhakdi as it seeks to dominate Southeast Asia’s beverage market. Vietnam Beverage, the local unit which ThaiBev holds a…