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Tag: price hike

  • Suntory to Raise Prices in Japan Amidst Rising Consumer Demand Starting October

    Suntory to Raise Prices in Japan Amidst Rising Consumer Demand Starting October

    Suntory Beverage & Food Limited is set to implement price revisions for its products in Japan, effective October 1, 2025, as it grapples with escalating manufacturing and logistics costs. This move underscores the increasing economic pressures felt across the nation.

    Rising Production Costs Prompt Price Adjustments

    In a recent statement, Suntory highlighted the challenges it faces in today’s economic climate, which have led to unavoidable price hikes. The adjustments will impact a range of products packaged in PET bottles, cans, and other containers. Specifically, prices for PET bottles will increase by 6% to 25%, while can prices will rise between 10% and 24%.

    Commitment to Quality Amid Challenges

    Despite these necessary changes, Suntory remains steadfast in its dedication to innovation and productivity. The company emphasized its goal of delivering high-quality, safe, and reliable products that enhance consumer experiences. “We aim to continue providing new value and enriching the lives of our customers,” a company spokesperson stated.

    Looking Ahead: What This Means for Consumers

    These price revisions reflect broader consumer trends influenced by rising operational costs. As Suntory navigates these challenges, it continues to strengthen its brand presence in the competitive beverage market. Consumers can expect to see these new prices taking effect in the coming months, reshaping the retail landscape in Japan.

    Suntory’s decision is a critical indicator of the evolving retail sector, as brands adapt to economic realities while striving to maintain quality and consumer trust. The coming months will be crucial in determining how these changes affect purchasing behavior and overall market dynamics.

  • No fuel tax hike before 2020, minister assures

    No fuel tax hike before 2020, minister assures

    Vietnam won’t increase its fuel tax before 2020, Finance Minister Dinh Tien Dung has directed.

    Dung has ordered a proposal to increase environmental tax on petrol and diesel to be removed from next year’s plan.

    Earlier this year, the ministry had proposed that the environmental tax on petrol and diesel be increased by 33 percent, or VND4,000 (17 cents) per liter for petrol and VND2,000 per liter for diesel.

    The proposed hike, the highest permitted in Vietnam, was met with strong public opposition.

    But the ministry had defended its proposal by saying that the tax can bring VND57.3 trillion ($2.4 billion) each year to state coffers, an annual increase of VND15.7 trillion ($650 million) from current collections.

    Last month, top legislator Nguyen Thi Kim Ngan approved the delay after listening to experts’ say that the tax will affect Vietnam’s goal of containing inflation below four percent this year.