Heineken tightens belt to keep costs down

Teo: ‘We need to weigh it out first to see if the market can accept a price increase.’

PETALING JAYA: Heineken Malaysia Bhd says it has opted to tighten its belt amid the challenging market condition via various cost management measures and will not increcase prices of products any time soon.

Its finance director Teo Hong Keng said any price increase will only be carried out on the basis of commercial consideration, which among others include commodity price hikes on the backdrop of global uncertainties.