oil
China faces increasing pressure to reverse continuing economic slump
China's economic growth has decelerated from overheated to slower than Beijing wanted in just half a year as export demand and consumer spending at home weaken, raising the threat of job losses and possible unrest.
QSR plans 20 more Pizza Hut Delivery stores in Malaysia
The Malaysian franchise holder of Pizza Hut, QSR Brands Bhd, plans to open 20 more Pizza Hut Delivery (PHD) stores in the country, with a projected cost of MYR500,000 (USD163,666) each. There are currently 42 PHD outlets nationwide.
QSR will also open another 10 restaurants this year, with a cost of about MYR1 million per store.
The group operates 300 restaurants in Malaysia and Singapore.
High inflation drives value growth of motorcycle engine oil market in Vietnam's two key cities to reach nearly USD71m in 2011
Vietnam's double digit inflation has spiked oil prices significantly, propelling a significant 18 percent value growth in the overall motorcycle engine oil market in the country’s two major cities of Ho Chi Minh and Hanoi last year.
India's retail inflation at 8.83pc in Feb
India's retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
Retail inflation, based on the Consumer Price Index, was 7.65 percent the January, as per the government data release here on Monday.
Among other items, only vegetable prices saw a decline of 4.73 percent over the February 2011 level.
Indonesia seen facing inflationary spiral
Indonesia could get caught in an inflationary spiral as rising global oil prices and falling gasoline subsidies at home combine with rising wages, said Sofjan Wanandi, chairman of one of the country's most influential business organisations.
India's FMCG companies on cost-cut drive
As inflation remains sticky and pricing power limited, fast moving consumer goods (FMCG) companies in India are adopting various measures to protect margins.
This includes input substitution, overhead management, rationalising personnel – all aimed at reining in expenditure.
WWF slams retailers, manufacturers for not purchasing enough palm oil
Major retailers and manufacturers are not doing enough to honor commitments to use sustainable palm oil to help protect virgin rainforests from destruction, WWF said on Tuesday.
China detains 32 for selling "gutter" cooking oil
Chinese authorities detained 32 people for making and selling tonnes of cooking oil dredged from gutters, the ministry of public security said on Tuesday, in the latest food safety scandal to hit the country.
Police confiscated more than 100 tonnes of the "gutter oil" – used cooking oil fished from drains behind restaurants – in a crackdown on a criminal network that operated in 14 provinces, the ministry said on its website.
Philippine imports growth slows
Philippine imports grew at their slowest rate in one and a half years in May, largely due to a steep decline in oil and cereal purchases, the government said on Tuesday.
Total imports for the month rose 1.6 percent to USD4.89 billion compared to a year earlier, the National Statistics Office said in a statement.
It was their slowest year-on-year advance since imports started rising in November 2009 from the slump caused by the global economic crisis, according to National Statistics Office data.
What happens in a world without US dollars?
The US dollar is going to hell in a handbasket. That seems to be the general consensus around here. Websites, especially those with Republican voting readership, are sponsored by gold and silver coin retailers predicting in their covered wagon worldview that the country will return to the gold standard some day. The contrarians over at Daily Reckoning, who rightly forecast the US housing and derivatives bubble back in the early 2000s, have been warning in best selling books by Addison Wiggin about the dollar's demise for nearly a decade.
