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

South Korea shares rise ahead of Nvidia earnings
Asia-Pacific region to grow 4.2%; AI boom to cushion headwinds
Japan's Nikkei reverses course to rise as chip shares track South Korea�rebound
Commodity vessel transits through Strait of Hormuz hit three-month low�data shows
Lego sales rise as World Cup products draw new customers
New Sinopec boss presses reset for world's biggest oil refiner
Asia-Pacific airlines to maintain growth despite cost headwinds - S&P
VW CEO faces workers angry over his plan to cut 100,000 jobs
China taps AI for tax system modernisation drive
Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks

Others Also Read