Indofood, Indonesia's biggest food company, has reported 2004
profits severely hit by the devaluation of the rupiah, but remains
hopeful of an upturn in 2005 following efforts to reduce its
exposure to exchange rates and the...
One of Asia's biggest food retailers, Dairy Farm, has this week
announced strong sales growth for 2004 helped by the recovery of
many local economies and a raft of recent acquisitions. But
increasing competition from European...
The world's biggest food retail groups are continuing to strengthen
their positions in the massive Chinese market, buoyed by a recent
relaxation of the regulations requiring them to use local partners.
Carrefour and Wal-Mart...
The Shanghai Jinshan District Government has confirmed that Suntory
Investment, a Chinese investment company, has acquired 74 per cent
equity of Shanghai Eastern Sea Beer, a leading brewery company
located in Zhangyan County of the...
China, potentially one of the most promising markets for
genetically modified (GM) crops, is stalling the adoption of
transgenic plant cultivation as a cautious government ponders their
safety reports Anand Krishnamoorthy.
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...
Wal-Mart China has confirmed that it is opening up its first store
in Shanghai. The store is due to open up next year and the company
has confirmed that recruitment of staff has begun, reports Simon
Wal-Mart has reversed its decision not to allow trade unions for
its store workers in China. Bowing to pressure from government
authorities, the move comes as a strong sign that international
food and beverage businesses must heed...
As retail regulations in China are set to undergo big changes, many
leading multinational retailers are queuing up in readiness to
capitalize on more liberal trading conditions. Simon Pitman
takes a closer look at the changes to find...
The All-China Federation of Trade Unions said that it will continue
to press foreign companies to unionise its operations in China. The
federation highlighted ongoing disputes with several foreign-owned
companies - including Wal-Mart...