17 Oct '13, 7am

Industry sources claim that beer with high alcohol content from Thailand, the Philippines, China and Europe have...

Industry sources claim that beer with high alcohol content from Thailand, the Philippines, China and Europe have...

There is an influx of cheap foreign beer in the market and it may be costing the country up to RM250mil (S$98.1 million) in lost taxes annually. Industry sources claim that beer with high alcohol content from Thailand, the Philippines, China and Europe have flooded the market and are being sold at almost half the price of locally-produced beer at coffeeshops, convenience stores, medical halls and even some established supermarkets here. The low prices and easy availability have made the brew attractive to all beer consumers, particularly the lower income group, such as labourers and migrant workers. It is learnt that consumers are switching from locally-produced beer to compounded hard liquor because of the high price of local beer due to high excise duties. "The supply of cheap foreign beer, with a higher-than-average alcohol volume, has increased five-fold in the past fi...

Full article: http://www.soshiok.com/content/cheap-foreign-beer-pouring...

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