PETALING JAYA: Carlsberg Brewery Malaysia Bhd
(Carlsberg Malaysia) remains cautious as it navigates an uncertain macroeconomic landscape amid external headwinds and subdued consumer sentiment.
In a filing with Bursa Malaysia, the brewery said it anticipates the recent excise duty increase may soften consumer demand in the short term and potentially lead to a rise in illicit alcohol consumption, which could in turn impact legitimate industry sales and reduce government tax revenue.
