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Nation 20 Nov 2014 | 12:00 AM Premium

MICCI: Clamp down on sale of contraband alcohol

KUALA LUMPUR: The sale of contraband alcohol is like corruption and should be wiped out as it has cost the Government RM84mil in revenue losses from middle of last year to middle of this year, said Malaysian International Chamber of Commerce and Industry (MICCI).

Nation 23 May 2015 | 12:00 AM Premium

Top Customs men in smuggling probe

The authorities are probing senior Customs officers said to have millions of ringgit in their bank accounts in a crackdown on cigarette and alcohol smuggling in Sabah. They have also nabbed two smuggling kingpins while 69 bank accounts linked to Customs personnel there have been frozen pending investigations.

Nation 26 Jun 2015 | 5:04 PM Premium

Over RM600,000 contraband alcohol seized in raids

PETALING JAYA: The Kuala Lumpur Customs Department seized 50,130 litres of contraband alcohol worth RM665,450, in multiple raids since Ops Outlet was launched in January.

Nation 04 Dec 2015 | 10:10 AM Premium

Over 530,000 litres of contraband beer, liquor seized from Selangor stores

PETALING JAYA: More than 530,000 litres of contraband beer and liquor have been pulled off the shelves in Selangor stores as the Customs Department moves to cripple Malaysia’s illicit alcohol market.

Nation 05 Dec 2015 | 12:00 AM Premium

RM4.3mil illicit alcohol seized

PETALING JAYA: A whopping 530,000 litres or RM4.29mil of contraband beer and liquor, have been pulled off the shelves in Selangor stores, as the Royal Malaysian Customs Department moves to cripple Malaysia’s illicit alcohol market.

Nation 08 Jun 2016 | 9:22 AM Premium

Change of legal age for alcohol potentially meaningless, says CMBB

KUALA LUMPUR: The planned change of the legal purchasing age of alcohol from 18 to 21 might be fruitless if proper enforcement of contraband is not done, said the Confederation of Malaysian Brewers Berhad (CMBB)

Corporate News 13 Dec 2016 | 2:17 AM Premium

CIMB Research retains overweight on brewers, Heineken top pick

KUALA LUMPUR: CIMB Equities Research is maintaining its Overweight call on the brewer sector due to its defensive nature and inelastic demand for malt liquor market (MLM) products.

Corporate News 19 Dec 2016 | 12:00 AM Premium

Brewers may gain from excise hike

PETALING JAYA: The 150% excise duty hike on locally produced hard liquor effective Dec 15 could possibly perk up the performance of brewers producing beer and stout as consumers shift to these options since it’s cheaper.

Corporate News 01 Nov 2018 | 12:00 AM Premium

Heineken quarterly earnings up 20% on improved sentiment

PETALING JAYA: Heineken Malaysia Bhd has posted a 20% jump in net profit to RM78.87mil for its third quarter ended Sept 30 compared to RM65.87mil a year ago.