Recessionary pressures from leading economies, rising input costs, currency fluctuations and rising inflation could impact consumer purchasing power. theSun theSundaily business investment consumer economy alcohol beer Heineken Malaysia
From left: Heineken Malaysia marketing director Willemijn Sallaerts, corporate affairs and legal director Renuka Indrarajah, Roland and Folkerts.Heineken Malaysia Bhd’s investment levels for financial year 2023 will come down following the heightened RM200 million capital expenditure in 2022.
He said pressure from global supply chain disruptions, recessionary pressures from leading economies, rising input costs, currency fluctuations and rising inflation could impact consumer purchasing power. The group witnessed a recovery in business performance in the last quarter of 2022 following the full reopening of the on-trade business. It shared that its premium lines have been growing faster than its mainstream lines, which was what it wanted to achieve as well as what consumers prefer. Heineken reported an increase in revenue and profit for the full year ended Dec 31, 2022, compared with the same period in 2021.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Go for full doubles quota in Olympics, says TanPETALING JAYA: Two is always better than one.
Read more »
Heavy is the burden of a Red Giant but Khuzaimi’s ready to shoulder itPETALING JAYA: Bigger club, bigger responsibility but Selangor centreback Ahmad Khuzaimi Piee is game for it.
Read more »
Covid-19 Watch: 204 new cases, says Health MinistryPETALING JAYA: Malaysia recorded 204 new Covid-19 infections on Friday (Feb 24), says the Health Ministry.
Read more »
Dr Mahathir, 13 ex-Pejuang members join PutraPETALING JAYA: Tun Dr Mahathir Mohamad along with 13 other former members of Parti Pejuang Tanah Air (Pejuang) have officially joined Parti Bumiputera Perkasa Malaysia (Putra).
Read more »
MetMalaysia issues continuous rain warning for nine statesPETALING JAYA: The Malaysian Meteorological Department (MetMalaysia) has issued a warning of continuous rain in most parts of Peninsular Malaysia, as well as parts of Sabah and Sarawak.
Read more »