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Business

The latest news in the world of business, mergers and acquisitions, partnerships, and companies financial results are a mine of information on successful business strategies in the Asia Pacific region.

Infant formula sales slump at Biostime but firm bullish over future growth

Sales at Chinese infant nutrition firm Biostime dropped by 14% in the first half of 2016 to RMB1.46bn (US$220m), with the Biostime brand – which accounts for 86% of the...

AUD$9m project puts algae under the nutritional spotlight in New South Wales

An AUD$9m (US$6.9m) project to boost the potential for algae in the nutrition, supplement and bio-industry has been launched in New South Wales.

R&D tax boost for Gordagen ahead of US nutraceutical launch

Australian nutraceutical firm Gordagen Pharmaceuticals is preparing to launch its heart health and endurance products in the US by the end of the year.

Mezzan buys majority stake in Saudi’s Al Safi for $24m

One of the Gulf’s biggest food and beverage companies has completed the acquisition of 70% of Al Safi Food, effectively granting it a local platform to manufacture and distribute food...

Americana saga ends after Alabbar’s Adeptio pulls out

The on-again-off-again sale of a majority stake in Kuwait Food Co, otherwise known as Americana, to a Gulf-based consortium has been scrapped by the Al Kharafi family, bringing to an...

Saikexing secures $125m to expand in China

China’s number four dairy farming firm Saikexing has secured a $125m loan to reduce environmental pollution, improve food safety, and expand the supply of milk within China.

India: Punjab planning 'state-of-the-art' pork facility

The government of India’s semi-autonomous Punjab region is planning to build the country’s most advanced pig-processing facility as India’s consumption of pork and reliance on meat imports both continue to...

India’s food trends: What’s hot and what's not

Indian consumers are increasingly aware that all fats are not bad, are demanding more products that offer “complete wellness” and are becoming increasingly opening to exploring alternative proteins and natural...

News in brief

Syngenta, ChemChina deal sees US approval

China National Chemical Corporation’s (ChemChina) offer to buy Syngenta for $43bn has passed US review by the Committee on Foreign Investment in the US (CFIUS).

Gäyo Kopi seeks to expose 'underbelly' of fraudulent Kopi Luwak coffee

Detroit-based startup Gäyo Kopi has introduced wild-certified Kopi Luwak coffee (sourced from wild civets in Indonesia) to the US market, completing pre-order shipments of the rare imported coffee this month, the...

Logistics the biggest headache for India’s food and drink SMEs

Logistics infrastructure is the major stumbling block hampering the efforts of India’s food and beverage SMEs as they seek to expand and tap into growing consumer demand, business leaders have...

Fortification, standards and investment: Three priorities for India’s booming food industry

Implementing stringent safety and quality regulations, tackling micronutrient deficiencies and maximising the opportunities from inward investment need to be three of key priorities for the food industry in India, amid...

Australia

Pirate Life making waves in Australian craft brewing circles

Building an efficient packaging and distribution plan before opening its doors is proving as important as making a high-quality product for one of Australia’s fastest growing craft breweries. 

Profits triple at leading Chinese poultry firm

One of China’s leading poultry firms is reporting a bumper first half for 2016 thanks to domestic and export demand for its cooked poultry products. 

Exclusive interview

Kiva releases cannabis chocolate bars despite difficulty imposed by state regulation

The increasing demand for consuming cannabis through confections has pushed the California-based Kiva to launch its first CBD chocolate bar line. 

News in brief

Fonterra adds to share dividend

Fonterra Co-operative Group Limited has confirmed it will pay a further NZ$0.10 ($0.07) per share on its previously announced 2015/16 forecast dividend of NZ$0.40 ($0.29) cents per share.

News in brief

Thai functional beverage firm takes US$4m stake in coconut processor

Thailand functional beverages manufacturer Sappe has taken a 40% stake coconut processor Coconut Factory Co Ltd for US$4 million. 

Soapbox

Are venture capitalists buying into bugs as food?

As it gathers increasing attention, is the edible insect market really worth the hype—at least from a financial perspective? 

Mondelēz warns multinationals to reposition during China’s economic slowdown

Multinational companies should reconsider their business strategies amid China’s economic slowdown, Mondelēz China president Stephen Maher told the audience at the recent Food and Beverage Innovation Forum in Shanghai....

India

Paper Boat invests in R&D for more trendy beverage flavours

Hip beverage brand Paper Boat has budged INR130m (US$2m) for research and development at a new science and technology facility in its native Bangalore.

Cadbury pulls ‘discriminatory' TV ad in Australia

Mondelēz has been ordered to pull a TV ad in Australia for Cadbury Picnic that featured a fast-speaking Indian man.

Silver Fern Farms members vote in favour of Shangai Maling deal

Members of New Zealand co-operative and the country’s largest meat processor Silver Fern Farms have voted overwhelmingly in favour of a partnership with Chinese food operator Shanghai Maling.

Australia

Coopers signs exclusive Australian Open beer supply deal

Australia’s biggest independent brewery has won the right to be the exclusive beer provider at the Australian Open for the next five years. 

Australia

Why is Zomato more than twice as popular in Melbourne than Sydney?

A year after it bought and supplanted Urbanspoon, restaurant review website Zomato now reaches just over 1m Australians each month. Yet market research shows that the service is more than...

Nutrition products to help Himalaya hit US$1bn target by 2020

Bangalore-based firm The Himalaya Drug Company is expanding its “wellness and nutrition” offering as it seeks beak through the US$1bn revenue barrier by 2020.

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