19 Sep '11, 2pm

Asia's growing thirst for scotch

Asia's growing thirst for scotch

SINGAPORE: A Chinese businessman has paid what is believed to be a record amount for a bottle of whisky at a duty-free shop at Changi Airport two weeks ago. He put down a deposit for a 62-year-old bottle of Dalmore single malt - one of only 12 ever produced. The bottle is worth S$250,000 (US$200,000). That works out to be about just under US$12,000 per nip or per serving. According to an airport spokesperson, he made a deposit of S$100,000 by bank transfer. The rare purchase at Changi Airport is testament to the booming demand in Asia for Scotland's treasured national drink. The Scotch Whisky Association said exports to the region in the first half of 2011 grew 33 per cent to US$665 million. In Singapore alone, exports grew 64 per cent to around US$234 million. The country ranked third among the world's biggest export markets by value, just behind the US and France. Andrew...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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