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Distilleries Company of Sri Lanka PLC (DCSL) is a diversified Sri Lankan conglomerate listed on the Colombo Stock Exchange with a market capitalisation of US$600 Million. [2] It was one of the first Sri Lankan companies included in Forbes 's list of non-US Best Managed companies valued under US$1 billion. [ 3 ]
Intoxicants in Sri Lanka are legal in certain contexts. One can legally buy most alcohols, tobaccos, and certain herbals (including narcotics such as cannabis and opium) [1] through licensed ayurvedic shops, who are provided the raw materials by the Ministry of Health and then compelled to produce solutions/products that are then sold to the public.
According to the Alcohol and Drug Information Centre's 2008 report on alcohol in Sri Lanka, the types of arrack are: [30] Special arrack, which is produced in the highest volume, nearly doubling in production between 2002 and 2007. Molasses arrack is the least-processed kind and considered the common kind. [30]
In 2017 the beer market in Sri Lanka grew by 24-25%. According to the Finance Ministry, during the first eight months of 2017, revenue from excise duty on liquor and cigarettes has significantly decreased by 5.9% to LKR 73.7 billion and by 8.1% to LKR 54.6 billion, due to a drop in the volume of sales.
The legal age for drinking alcohol is 18 in Abu Dhabi (although a Ministry of Tourism by-law allows hotels to serve alcohol only to those over 21), and 21 in Dubai and the Northern Emirates (except Sharjah, where drinking alcohol is prohibited). [137] It is a punishable offence to drink, or to be under the influence of alcohol, in public. [137]
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
In September 2005 Asia Pacific Breweries acquired a 60% stake in United Brewery, [3] [4] partnering with the Sri Lankan-based Anandappa family group (20%) and MBL Offshore Limited (20%). [5] Asia Pacific Breweries is a Singaporean-based joint venture between Heineken International and Fraser and Neave .