Business

China police detain Yili CFO

China police detain Yili CFO

Three senior executives from China dairy group Yili have been
detained by police authorities allegedly investigating accusations
of company embezzlement. Analysts believe the news is likely to
send shock waves through the sectors...

SMC expands in Vietnam

SMC expands in Vietnam

The Philippines-based San Miguel Corporation has broken ground on a
non-alcoholic beverage facility in South Vietnam. The move comes as
part of the company's plans to increase its operations outside the
domestic market - aims...

Asia drives Remy sales

Asia drives Remy sales

French drinks group Rémy Cointreau has reported double-digit growth
in the first quarter of 2004, driven by strong gains in Asia and
the US, but continued weakness in its domestic market took a toll
on Champagne sales.

Southcorp fights downturn

Southcorp fights downturn

Australia's biggest wine producer, Southcorp, has announced an
extensive restructuring designed to counteract the affects of a
downturn in the US economy and a weakened Australian dollar. The
AUS93 million (€53.7m) package involves...

San Miguel profits up

San Miguel profits up

Philippine-based food and beverage giant San Miguel has reported
that consolidated net profits in the five months to May of this
year rose 32 per cent to PHP3.29 billion (€47.98m), due mainly to
higher operating income from increased...

Indofood seeks debt recovery

Indofood seeks debt recovery

PT Indofood Sukses Makmur, the Indonesian wheat flour producer and
food company, has said it is expecting up to 5 per cent growth in
sales for 2004 in the same week that it launches a further bond
offering on the Surabaya Stock Exchange...