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Severe drought had stressed food supplies for everyone

The Southeast Asia population is projected to increase by 8 percent from 2023 to 2033, while per capita gross domestic product (GDP)a proxy for incomeis expected to increase by almost 26 percent (see table below)

Management has highlighted expanding distribution of its Velo Plus nicotine pouches, described as the fastest-growing brand in the fastest-growing category, and has noted market share gains for its Vuse e-cigarettes among vapor products, alongside stronger enforcement against illegal products

However, there have been times when their performance turned upside down due to stringent regulations, hefty taxes, and changing behaviour towards alcohol