Food companies have been warned to avoid fancy ‘nicknames’ for rice as suggested retail prices (SRPs) are implemented in the Philippines, in a move that the government hopes will alleviate the country’s rising food troubles.
Vietnam’s fruit and vegetable exports reached the VND 63.5tn (US$2.7bn) mark as of September 2018, up 14.1% year-on-year, but officials are concerned that more needs to be done to improve sales to domestic consumers.
Food industry experts from the ‘ASEAN-5’ – the fastest growing economies in South East Asia – have lifted the lid on the key food and beverage trends driving growth in their countries, and the major challenges they continue to face.
The boss of San Miguel Food and Beverage (SFMB) has vowed that the firms planned IPO will go ahead, despite its value being slashed by roughly 50% to US$920mn (PHP 49.4bn) as a result of weak market conditions.
Vegetable oils and fats specialist company AAK is placing an emphasis on unexplored markets and premium products as it pursues its ‘multi-oil, multi-solution’ company focus and ambitious growth targets in Asia.
Nestle (Malaysia) Berhad will be investing over RM100mn (US$24mn) to establish the world’s largest Milo Manufacturing Centre of Excellence, but it will also lead to Milo production at one existing site halting.
Indonesia will be home to 16.7 million people with diabetes by 2045 – up from 10.3m last year – but it is far from clear that health claim regulations are keeping pace with the public health challenges faced in the nation.