Assalamu aleikum. Malaysia won't be boycotting Danish products, a decision that maintains the high profitability in Malaysia of Danish Carlsberg beer and the rapidly rising government revenues that accompany it. Carlsberg beer is a cash cow for the Malaysian government.
This year, Carlsberg tops the list of "Malaysian" corporations declaring higher dividends than before, while the Malaysian government has again increased its own revenue from alcohol sales for the third year in a row. And just last year, control of Carlsberg Malaysia left Malaysia for good and was placed under the direct control of its Danish masters. Malaysian shareholders are now a minority. So Carlsberg cannot even be represented as a Malaysian corporation anymore. In effect if not in law, Carlsberg Malaysia is now a joint venture of Carlsberg Denmark and the government of Malaysia. Two excerpts from recent publications: "... beer companies such as Carlsberg Brewery Malaysia Bhd. raised retail prices in October after the government increased tobacco and alcohol taxes for a third year in its Sept. 30 budget, making the products more expensive compared with a year earlier." Bloomberg, January 18, 2006 http://www.bloomberg.com/apps/news?pid=10000080&sid=a21N8o1jpMS4&refer=asia - "At least 36 companies, with total market capitalisation of more than RM200bil, under its coverage are anticipated to declare higher dividend per share (DPS). Topping the list are LBS Bina Group Bhd, Edaran Otomobil Nasional Bhd, Carlsberg Brewery Malaysia Bhd and Dutch Lady Milk Industries Bhd." The Star (Kuala Lumpur) January 27, 2006 http://biz.thestar.com.my/news/story.asp?file=/2006/1/27/business/13175034&sec=business - Please note that 3 articles follow: *Malaysia Won't Boycott Danish Products: PM *Carlsberg nu majoritetsaktionær i Carlsberg (Danish language original) *Carlsberg now majority shareholder in Carlsberg Brewery Malaysia Berhad (English language translation) --- (1) Malaysia Won't Boycott Danish Products: PM Islam Online February 7, 2006 http://www.islam-online.net/English/News/2006-02/07/article01.shtml - photos: Badawi said whatever action taken to protest the cartoons should not bring problems to other people. http://www.islam-online.net/English/News/2006-02/07/images/pic01.jpg An Egyptian passes by a supermarket sign on boycotting Danish products http://www.islam-online.net/English/News/2006-02/07/images/pic01a.jpg - KUALA LUMPUR, February 7, 2006 (IslamOnline.net & News Agencies) - Malaysia will not boycott Danish products over the provocative cartoons of Prophet Muhammad (PBUH), Prime Minister Abdullah Ahmad Badawi announced on Tuesday, February 7. Badawi, also the current chairman of the Organization of the Islamic Conference (OIC), said his country has no plans at present to take such a measure, reported the Malaysian news agency (Bernama). Iran announced Monday, February 6, that all trade with Denmark has been immediately suspended in retaliation for the publication of the cartoons. "As of tomorrow, you cannot register to import consumer products from Denmark," Commerce Minister Masoud Mir-Kazemi was quoted as saying by state television. "Any kind of business negotiation or agreement with Denmark is suspended as of today. All those agreements which are able to be cancelled will be cancelled," he added. Twelve cartoons of a man assumed to be the Prophet, first published last September by Denmark's mass-circulation Jyllands-Posten and then reprinted by several European dailies, have caused an uproar in the Muslim world and initiated calls for a Muslim boycott of the Danish products. Leading Muslim scholars and organizations have called on world Muslims to boycott Danish products. Danish-Swedish dairy company Arla Foods, one of Europes largest dairy producers, said it is losing $1.8 million of sales a day in the Middle East over the boycott. The company's products were removed from shelves of supermarkets in many Gulf countries. Branches of French hypermarket Carrefour in Qatar and the United Arab Emirates (UAE) have also stopped selling Danish goods. Calm Badawi also called for calm over the blasphemous cartoons, which triggered violent protests in many Muslim countries. He said that whatever action taken to protest the cartoons should not bring problems to other people. Muslims protesting the cartoons set fire to the Danish consulate in Beirut on Sunday, February 5, and Syrian protesters did the same with the Danish and Norwegian embassies in Damascus a day earlier. Muslim scholars, organizations and leaders were united in condemning the violent attacks against the embassies. Muslim in Malaysia are planning marches before the Danish mission to protest the cartoons later this week. "We appeal to all Muslims to participate in the protest. We demand that the government of Denmark and the newspapers offer an apology to Muslims," said Ahmad Sabki Yusof, youth secretary of the Islamic Party (PAS). The response to the anti-Prophet cartoons has so far been low-key in Malaysia, which is predominantly Muslim but also home to sizeable Chinese and Indian minorities. http://www.islam-online.net/English/News/2006-02/07/article01.shtml --- (2) Carlsberg nu majoritetsaktionær i Carlsberg Brewery Malaysia Berhad Carlsberg April 27, 2005 http://info.carlsberg.com/Info/Media/News/Press+Releases/2005/Carlsberg+Brewery+Malaysia.htm Carlsberg er nu majoritetsaktionær i Carlsberg Brewery Malaysia Berhad efter at have øget sin ejerandel fra 49,66 procent til 51 procent. Investeringen beløber sig til cirka 35 mio. kr. Formålet med investeringen er at tydeliggøre Carlsbergs kontrol over Carlsberg Malaysia. Carlsberg Malaysia er det andet Carlsberg bryggeri, som blev etableret uden for Danmark. Dette skete i 1969, og bryggeriet blev i 1972 noteret på fondsbørsen i Kuala Lumpur. Bryggeriet er i dag en af Carlsbergs mest succesfulde investeringer i Asien. Virksomheden har gennem mange år været markedsleder på pilsnermarkedet, hvor Carlsberg Green Label er en klar markedsleder, men har også en betydelig markedsandel på portermarkedet. Suc-cesen bygger på en bred vifte af kvalitets brands og på produktudvikling. For nylig har Carlsberg Malaysia introduceret mærket SKOL, som en del af en strategi om at styrke selskabets portefølje på det stærkt konkurrenceprægede marked. Transaktionen medfører ingen ledelsesmæssige ændringer hos Carlsberg Brewery Malaysia Berhad. Yderligere information: Jens Peter Skaarup, International Media Relations Manager 33 27 14 17 eller 40 94 14 17 http://info.carlsberg.com/Info/Media/News/Press+Releases/2005/Carlsberg+Brewery+Malaysia.htm --- (3) Carlsberg now majority shareholder in Carlsberg Brewery Malaysia Berhad Carlsberg April 27, 2005 http://info.carlsberg.com/Info/Media/News/Press+Releases/2005/Carlsberg+majority+shareholder+in+CBMB.htm Carlsberg has today increased its ownership in Carlsberg Brewery Malaysia Berhad from 49.66% to 51%. The investment amounts to approximately USD 6m. The increase of the shareholding is made to reflect Carlsberg's control of Carlsberg Malaysia. Carlsberg Malaysia was the second Carlsberg brewery established outside Denmark. It was founded in 1969 and listed on the Kuala Lumpur stock exchange in 1972. Today, the brewery is one of Carlsberg's most successful investments in the Asian region and the company has been the market leader in the lager segment for several years. Carlsberg Green Label is the clear market leader, but the brewery also holds a substantial market share in the stout segment. Carlsberg Malaysia's success has been built on a wide range of quality brands and product innovation. Recently, Carlsberg Malaysia introduced the beer brand SKOL as part of the on-going strategy to further strengthen the company's portfolio in the fiercely competitive market. The transaction will not affect the management set-up in Carlsberg Brewery Malaysia Berhad. Contact: Jens Peter Skaarup, International Media Relations Manager + 45 40 94 14 17 http://info.carlsberg.com/Info/Media/News/Press+Releases/2005/Carlsberg+majority+shareholder+in+CBMB.htm __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com ------------------------ Yahoo! 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