Law & Trade
The Taiwanese Ministry of Economic Affairs (MOEA) on Friday tried to talk retailers of consumer goods into offering discounts to the public but were rejected by some, who said prices must reflect higher electricity costs set to be implemented in October. Electricity prices are set to increase in October. The MOEA invited representatives from supermarkets, hypermarkets, department stores, and convenience stores for a talk over coffee, in an effort to persuade them not to increase prices on consumer goods.
The Malay Chamber of Commerce Malaysia and Malay rights group Perkasa have alleged discrimination against Malay businesses by major shopping malls, who refuse them prime space.
According to the chamber's secretary-general Hanafee Yusoff, products by Malay entrepreneurs were usually "hidden".
"Bumiputera products are of high quality, thanks to the government's assistance resulting in their products achieving the standards set, but most shopping malls place these local brands in hidden locations," Hanafee told Malay daily Sinar Harian.
In the city of Shenyang, Chinese copycat culture has reached absurd heights with a new outdoor mall featuring exclusively fake luxury storefronts. Located in Wanda Square, the self-styled “European-style pedestrian street” features glitzy neoclassical promenades populated by ersatz versions of European luxury brands, from Herwès to Cnanel.
The battle between McDonald's and its former India managing director Vikram Bakshi seems to have escalated, with Bakshi challenging the questions raised on his functioning by the US fast-food giant at its board meeting on 6 August 6.
Beijing's ban on officials using public funds to buy mooncakes as Mid-Autumn Festival gifts is set to take a bite out of the country's consumer spending.
"It's certainly going to hurt holiday sales," said Stephen Sheung, investment strategist at SHK Private, noting the Mid-Autumn Festival ranks second among China's holiday sales periods, after the Lunar New Year. For China's shoppers, the two holidays are comparable to Christmas and the back-to-school period in the US, he noted.
US retail giant Wal-Mart Stores Inc. is expected to submit soon a formal proposal to the Indian Trade Ministry to operate supermarkets in the country, a senior government official said on Friday.
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First baijiu, then red carpets, and now mooncakes. For Chinese government officials, the list of taboos keeps getting longer.
One month before the country celebrates its annual Mid-Autumn Festival, Chinese authorities said on Wednesday that they are barring officials from buying mooncakes – a centrepiece of the holiday – as well as giving presents or hosting dinners on the public dime.
China's largest e-commerce firm Alibaba Group is partnering with the world's largest anti-counterfeiting group, the International AntiCounterfeiting Coalition (IACC) to push its fight against piracy.
The group's e-commerce news and commentary website Alizila reported that officials for the IACC and Alibaba’s Taobao Marketplace recently signed an agreement to strengthen cooperation in the prevention of online sales of pirated goods.
China has fined five domestic jewellers CNY10.1 million (USD1.7m) for fixing their prices, state media said on Monday, the second time in less than a week that authorities penalised firms found to be anti-competitive.
China News Agency said the country's top economic planner, the National Development and Reform Commission, fined the five Shanghai-based firms after investigations showed they had fixed the prices of gold and platinum jewellery.
New Zealand on Monday rejected allegations from Sri Lanka that its dairy products were contaminated with a farm chemical, accusing industry rivals of exploiting fears stirred by a recent botulism scare.