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Vietnamese cashew entrant takes on Olam in Africa deals

Bloomberg A Vietnamese conglomerate is entering the cashew market with possible deals in West Africa for more than a 10th of global output, a bold start to take on the $7 billion industry’s dominant buyers such as Olam International Ltd. In a fractured sector with dozens of producers, the purchase of such a large amount of cashews by a single ...

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Japan convenience stores face labour crisis

Bloomberg Apart from culture, food and a super-efficient rail system, one of the things that most impresses travellers to Japan are its convenience stores, bursting with sushi and ready-made food available at all hours. Well, maybe not for long. The 24-hour “conbini” experience is starting to show cracks as a labour shortage in the world’s third-biggest economy forces operators to ...

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Traffic is boon to Taiwan scooter maker’s expansion

Bloomberg Taiwan’s Kwang Yang Motor Co Ltd will invest 1 billion pesos ($19.3 million) in a new motorcycle plant in the Philippines where the traffic logjam is boosting demand for bikes. KYMCO Philippines Inc’s new plant will boost its monthly capacity to at least 6,000 motorbikes when it opens in 2023, President Allan Santiago said at a briefing in Manila. ...

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