Brewery industry contributes RM7.1bil to GDP


PETALING JAYA: The Confederation of Malaysian Brewers Bhd (CMBB), comprising Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) and Heineken Malaysia Bhd, contributed an average of RM 7.1bil annually to the Malaysian economic growth between 2022 and 2023.

In a statement, CMBB said this supported 52,400 jobs and generated RM3.3bil in annual tax revenue.

“As an integral part of the manufacturing industry, the brewing industry contributes 0.4% of the national gross domestic product and 1.5% of Malaysia’s total tax revenue, underscoring the sector’s strong multiplier effect across the value chain.”

Meanwhile, Stefano Clini, managing director of Carlsberg Malaysia and Martijn van Keulen, managing director of Heineken in a joint statement as members of CMBB’s Governing Council, said: “Brewers are significant contributors to Malaysia’s economy – not only through taxes but also by driving employment and industrial activity across manufacturing, logistics, retail, and hospitality sectors.”

The statistics were revealed via the Economic Impact Assessment of the Brewing Industry in Malaysia, an independent study conducted by the South-East Asia Public Policy Institute, in collaboration with the University of Nottingham Malaysia.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Gadang sells Selangor land for RM2.5mil
Stocks rise, dollar wilts as investors strap in for Fed rate cut
Quality Concrete subsidiary bags RM294.59mil contract for Mukah water supply system
Hartanah Kenyalang bags RM42.79mil construction contract in Sarawak
Bank Negara's international reserves at US$124.1bil as at Nov 28
Capital A expect to exit PN17 status by year-end
Felda proposes establishing national taskforce to develop oil palm carbon framework
Bursa Malaysia remains lower at midday, KLCI down 0.54%
Geohan secures RM59mil contracts for Penang LRT project
MUI Properties to buy Ijok land for RM605mil

Others Also Read