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With the growth in the macroeconomic environment slowing down in 2016 due to uncertainty in the financial markets, growth in sales of fine wines/champagne and spirits also slowed down during the year, ...
In March 2016, the Malaysian government sought to simplify the taxation of beverages based on their alcohol content per litre. Fine wines/champagne and spirits with a high alcohol content thus faced a ...
In 2016, fine wines/champagne and spirits posted current value growth of 5%, marking a slowdown from 7% the previous year. While fine wines recorded a 2% increase in sales, spirits achieved a gain of 8%. ...