BANGKOK -- Thailand's two major beer-makers have been stepping up their property development businesses in a bid to bolster revenue.
The truth is, it's becoming harder to sell beer and liquor in Thailand. In March, the government created a national sports development fund and said its coffers would be filled by producers of cigarettes and alcohol. The move effectively pushed up the tax on alcohol by 2%. Before that, the government limited the hours during which beer and spirits can be sold.