Minimal impact seen for brewery sector from tax hike

Sales volume of alcoholic drinks is unlikely to be adversely affected by the tax hike, according to Hong Leong Investment Bank. — Reuters

PETALING JAYA: While the main tittle tattle at your local pub for now will likely be about how much more expensive an ice cold beer has become, the talk among analysts in the brewery sector is that the new tax hike will not be much of a dampener on the industry.

Sales volume, despite the slight increase, is unlikely to be adversely affected, said Hong Leong Investment Bank (HLIB).