The world's leading instant noodle maker Indofood said last week
that its first-quarter net profit rose 48 per cent from the prior
year's same period thanks to an increase in sales and
Philippines-based Universal Robina will spend P5.6 billion (€87m)
this year to expand its branded foods range and increase its
presence in other Asian markets, URC president Lance Gokongwei told
reporters last week.
Heineken last week announced its decision to acquire a 40 per cent
stake in the Chinese brewery Jiangsu DaFuHao, after intimating in
its February results that it would continue to look for investment
The future of the milk formula market in China lies with better
product quality and greater brand loyalty following the revelation
last year that much of the formula on sale there was fake. The move
towards higher margin products...