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Excise duty on sweetened beverages negative for Fraser & Neave


F&N Holdings’ soft-drinks operations have been significantly affected by the competitive operating landscape, weak consumer sentiment and rising living costs in the last two years.

F&N Holdings’ soft-drinks operations have been significantly affected by the competitive operating landscape, weak consumer sentiment and rising living costs in the last two years.

KUALA LUMPUR: The government's decision to impose excise duty on sweetened beverages is a negative development for Fraser & Neave Holdings Bhd, says RAM Ratings.

However, it said on Friday it does not expect the excise duty to have an immediate impact on the group’s ratings. 

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