Search Results for: food

Singapore authorities are trying to strengthen vulnerabilities in the Asian financial hub’s anti-money laundering (AML) system following an AML probe that led to the arrest of nine men and one woman, all from Fujian province in China last August (2023). Police subsequently seized assets and cash worth more than Singapore dollars SGD3 billion (USD2.2 billion) as of January 2024.…

As the expression goes, ‘it’s lonely at the top’. It is a statement oft repeated by university leaders fresh to the job as they navigate their new role in management. Newly minted leaders have, however, found reassurance that they are not alone in challenges they face when interacting with contemporaries at the regular International Association of University Presidents’ (IAUP) seminar on leadership development for new presidents and emerging leaders.…

Türkiye is one of the top 10 milk producers worldwide, according to the Turkish National Dairy Council (Ulusal Süt Konseyi – USK) but the country’s dairy sector has been impacted over the past two years by high inflation and the depreciation of the Turkish lira (1).…

As the largest non-alcoholic ready-to-drink (RTD) market in the Asia-Pacific region, according to Tokyo-based food and beverage consultancy GourmetPro (1), Japan has long been attractive to international non-alcohol brands, with the expansion of the market since 2020 intensifying attention.

Non-alcoholic beverages other than beer, such as cocktails and ‘chuhai’ (shochu and carbonated water flavoured with a kind of fruit juice – often categorised separately from cocktails in Japan), produced by Asahi, Sapporo, Kirin and Suntory; and umeshu (plum wine), such as ‘Yowanai The Choya’, began to appear on the market in 2010.…

The European Commission has fined confectionery major Mondelēz International EUR337.5 million, claiming the company has breached European Union (EU) competition rules, hindering intra-EU cross-border trades in chocolate, biscuits and coffee products. The EU executive also concluded that Mondelēz had abused its dominant position in certain EU chocolate bar (tablet) markets.…

The increase in Egypt’s minimum wage by 50% this year has been met with a backlash from the private sector, including its clothing and textile sector, which already has had to deal with high inflation and a weak currency. Garment exporters, however, have absorbed the higher costs, riding the success of securing surging exports to the USA and Europe during 2024.…

As Russia continues its invasion of Ukraine, the European Parliament has approved extending temporary trade access to the European Union (EU) for Ukraine food and drink exports. However, conscious of EU concerns about competition from these supplies, a new regulation allows the EU executive European Commission to impose controls when Ukraine exports disrupt markets of one or more EU member states.…

Paint sales in South Africa remain muted after a post-pandemic boom, with low economic growth, high inflation and political uncertainty in the lead up to this May’s competitive national elections impacting consumer demand, although there is hope for a post-poll boost in purchases.…

Bio-based oils and fats producers have an increasing business opportunity to supply feedstock to a booming bioplastics industry. While governments are proactively encouraging biodegradable bioplastics, following the United Nations’ Sustainable Development Goals’ (SDGs) policy of reducing standard plastics pollution (1), this green industry is still nascent.…

The global metal packaging industry is assessing the potential impact on aluminium supplies of US, European Union (EU) and British sanctions against imports of Russian aluminium, which continue to be tightened as Moscow intensifies its invasion of Ukraine.

These sanctions are more serious for Russia and its metal producers than they look, writes Russian economist Yevgeny Kogan on his Telegram channel.…