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Article: Beer in Thailand becomes a social issue.
- Article from:
- Market Asia Pacific
- Article date:
- June 1, 2005
CopyrightCOPYRIGHT 2005 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A proverb attributed to the fishermen of Ko Thao, an island known for its mangrove forests and diving, reads, "one man, one beer, no problem." Unfortunately, not all of Thai society sees it that way.
Toward the end of the first quarter 2005, Thailand's biggest brewery - which controls between 60 percent and 80 percent of Thailand's US$2.1-billion beer market with over 40 brands - faced a decision on whether or not its application for listing on The Stock Exchange of Thailand would be approved. The exchange is commonly known as the SET, and claims to be the fastest growing stock exchange in the world.
As decision day neared, protesters from the Buddhist ...