Thai MP-elect goals to break £11bn alcohol duopoly with progressive bill

A member of parliament-elect with a passion for beer is looking for to problem the 470-billion-baht alcohol duopoly held by two of Thailand’s wealthiest households, following the Move Forward Party’s current election victory. Taopiphop Limjittrakorn, a 34 yr outdated brewer turned politician, has lengthy fought against stringent regulations that benefit Boon Rawd Brewery and ThaiBev, the two corporations dominating the country’s alcohol manufacturing.
This week, the Move Forward Party (MFP) reached an settlement with potential coalition partners that features measures to “abolish monopolies and promote fair competitors in all industries, such as alcoholic beverages.” Taopiphop, who was re-elected in Bangkok Constituency 22, said…
“The progressive alcohol bill just isn’t solely a bill, it is a political venture.”
Boon Rawd, the maker of Singha and Leo beers, and ThaiBev, the brewer of Chang, did not instantly respond to questions from Reuters. Boon Rawd, founded in 1933, is owned and managed by the Bhirombhakdi household, while ThaiBev was based by Charoen Sirivadhanabhakdi, who has a web value of US$14 billion.
Tested , a shopper and retail analyst at research firm BMI, suggested that if MFP successfully leads the government and opens up the alcohol sector, the 2 firms may expertise short-term results as a outcome of new competitors. However, Yeo added that “both ThaiBev and Boon Rawd have a lot going for them that will assist them keep a wholesome lead over any potential new rivals.”
According to a February 2022 report by Krungsri Research, greater than half of Thailand’s alcoholic drinks market, valued at about 470 billion baht in 2020, consists of beer. Boon Rawd controls 57.9% of the beer market, followed by Singapore-listed ThaiBev with 34.3% and Thai Asia Pacific Brewery with four.7%. ThaiBev can additionally be the chief within the spirits market with a fifty nine.5% share, reported Bangkok Post.
Taopiphop goals to amend excise legal guidelines to remove high-entry limitations for the alcohol business that largely favour major companies like Boon Rawd and ThaiBev. He hopes to assist small home brewers gain no much less than 10% of the beer market inside a decade. Piti Bhirombhakdi, a board member of Boon Rawd, mentioned in a social media post that he supported the liberalisation of the business.
Taopiphop plans to observe up on regulatory easing with further legislation on rationalising restrictive alcohol advertising and allowing 24-hour alcohol sales. He said…

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