Channel NewsAsia
Updated: 02/22/2014 21:40 | By Channel NewsAsia

Beer prices up after liquor duties hike

Beer prices up after liquor duties hike

Beer prices up after liquor duties hike

SINGAPORE: Liquor excise duties are up by 25 per cent, and the impact on prices has already started to show.

The government announced the increase in liquor duties as part of Budget 2014 to discourage excessive alcohol consumption.

One coffee shop chain told Channel NewsAsia its supplier has raised prices, so its 20 coffee shops will be doing the same.

It said its bottled beer prices will increase 10 per cent on average - that's between 40 and 80 cents more.

Supermarket chain NTUC FairPrice said it is holding prices for now.

But it is not allowing customers to buy alcoholic items in bulk.

Chinese restaurants are also affected.

Some said they'll be revamping their menus, especially dishes that use Chinese wine.

One told Channel NewsAsia it may have to stop the offer of free-flow beer for wedding banquets.

"For those who've signed up earlier, I don't think they'll be affected. But moving forward, we'll try to design more packages, different packages, to suit the needs of individual couples," said Chris Hooi, executive director of Dragon Phoenix Clarke Quay. - CNA/ir

Latest Photo Galleries on xinmsn