A severe drought is expected to impact coffee harvests in major producer Vietnam.
Commodities

Coffee prices jump 20% as global heat hits commodity markets

Soaring temperatures and drought in Southeast Asia put beans and rubber trees at risk

4 July 2024
A Compose Coffee store in Seoul. Philippine fast food giant will enter the highly competitive South Korean cafe market. (Photo by Steven Borowiec)
Business deals

Philippines' Jollibee to buy South Korea's Compose Coffee for $238m

Acquisition adds coffee chain to fast-food purveyor's portfolio

2 July 2024
Morus CEO Ryo Sato explains his company's business during an event in Singapore on June 25. (Photo by Fumika Sato)
Startups

Japanese startup to sell protein-rich 'silkworm food' in Singapore

City-state's move to allow edible insects attracts businesses from Asia

1 July 2024
Yamagata prefecture, which leads Japan in ramen shops per capita, serves up a wide range of varieties. (Yamagata Ramen No. 1 Project)
Food & Beverage

Everybody loves ramen: Japanese cities vie to become noodle destinations

Local varieties offer a way to attract tourists who want something besides sushi

30 June 2024
Cashews must undergo a lengthy procedure before they turn into the delicious nuts the globe craves, but Cambodia has never been able to carry out this process on its own. Until now.
Agriculture

Japan helps Cambodia toward its goal of being top cashew exporter

Real estate developer Mirarth completes ASEAN country's processing center

29 June 2024
An excavator digs up vines near the town of Griffith in southeast Australia.
Food & Beverage

In vino veritas: Australia wrestles with wine glut

Falling consumption among young, thirst for quality fuels change at wineries

29 June 2024
Japanese naval curry stands out for its dense sauce and spicy kick. (All photos by Stephen Mansfield)
Tea Leaves

Patriotism and curry meet Japan's naval traditions

British-Indian contribution to naval culinary tradition feeds national spirit

26 June 2024
Suntory aims to eventually distill whisky in India. (Photo by Shotaro Mori)
Food & Beverage

Suntory eyes India as production and export hub: CEO

Japanese beverage maker to consider investments in local liquor producers

26 June 2024
Bottles of Heineken beer at a restaurant in Hanoi, Vietnam, in 2019.
Food & Beverage

Heineken to close one of its Vietnam breweries as demand weakens

Economic slowdown and tougher drunk driving laws hurt beer consumption, company says

25 June 2024
An organic food store in Taipei: Modern consumers in Asia are increasingly aware of the role diet plays in good health.
Opinion

Asia needs more collaboration to make food and drinks healthier

Barriers to reformulation can inadvertently limit access to innovative products

25 June 2024
Foodie in chief: Philippine President Ferdinand Marcos Jr. made an impassioned plea for his country's cuisine in a Facebook video posted in May. (Photo from Marcos' Facebook page post)
Food & Beverage

Philippines touts cuisine to take on Southeast Asian rivals

President Marcos looks to put local dishes on map with international visitors

22 June 2024
Over 17% of Tokyo women drank excessive amounts of alcohol in fiscal 2021, surpassing men for the first time since the metropolitan survey began 10 years earlier.
Datawatch

More Japanese women suffer from excessive drinking

Heavy alcohol use doubles in decade among those in their 50s but falls among the young

22 June 2024
ICBC has attracted investors with a dividend yield of over 5%.
Markets

China lender ICBC topples Moutai as Shanghai market cap leader

Liquor maker's 4-year run ends amid slow sales as dividends buoy state-owned bank

22 June 2024
Japanese frozen treats include ice cream cups, pictured here, and ice pops. (Photo by Keiichiro Sato)
Food & Beverage

Japanese ice cream melts hearts in Asia with record exports

Taiwan is top overseas market, with Malaysia emerging as new battleground

19 June 2024
Not all Malaysians are happy that bak kut teh, a pork-heavy dish brought to the country over a century ago by Chinese immigrants, has been recognized as a national treasure. (All photos by Norman Goh)
Tea Leaves

Malaysian soup row provides recipe for harmony

Controversy over 'bak kut teh' underlines need for compromise and respect

19 June 2024
Zensho will expand the number of its sushi kiosks in North America and the U.K. (Zensho)
Food & Beverage

More than 40% of Japan restaurant chains to expand overseas

Global appetite grows for everything from sushi to beef bowls, spurring rush abroad

19 June 2024
Asset World CEO Wallapa Traisorat provides details about the food-themed Phenix retail center at a media event. (Photo obtained by Nikkei)
Food & Beverage

Thai developer AWC to open Bangkok retail center with 265 restaurants

$272m food-themed facility targets demand from foreign tourists

18 June 2024
This restaurant in Shibuya, Tokyo, charges foreign tourists more than residents of Japan. (Photo by Takuya Fujisawa)
Travel & Leisure

Japan restaurants explore charging foreign tourists more

Higher prices could help businesses take advantage of weak yen

18 June 2024
The surging price of octopus has dealt a blow to sellers of takoyaki octopus dumplings in Japan. (Photo by Toshiki Sasazu)
Inflation

Japan's inflation makes octopus costlier than wagyu beef

Higher food prices squeeze consumers and businesses alike

16 June 2024
Eleven Israeli startups exhibited in a pavilion set up by the Israeli government at the Sustainable High City Tech Tokyo expo in May. (Photo by Takeshi Kumon)
Startups

From eels to EVs, Israel startups raise profile in Japan amid war

Growing international isolation has not deterred outreach to investors

15 June 2024
Kirin currently has a 33% stake in Fancl.
Business deals

Kirin to purchase Japanese skin care company Fancl for $1.3bn

Brewer to launch tender offer in bid to bolster supplements business

14 June 2024
President Yoshio Yanagiya of Yanagiya Machinery stands with the company's signature vacuum cutter. (Photo by Mitsutoshi Kouta)
Food & Beverage

World's top crab stick machine maker extends reach to medical tech

Japan's Yanagiya pays close attention to customer requests, spurring innovation

9 June 2024
Harvests of wakame seaweed, a popular ingredient in miso soup, are at historic lows. (Photo by Takumi Sasaki)
Food & Beverage

Japan's poor seaweed harvest drives up prices, hits restaurants

Sushi nori and other staples hit hard by rising sea temperatures

8 June 2024
A door-to-door sales lady trusted by her customers is being called on to help Mercari and the municipal government of Miyoshi, Hiroshima prefecture, collect some of Japan's $423.38 billion worth of latent assets.  
ESG

'Yakult ladies' go to work for Mercari to unearth latent assets

Old-fashion sales style could help reignite growth at one of Japan's digital giants

8 June 2024
Some 50 years after the first modern-day Japanese convenience store opened in Tokyo, players like 7-Eleven need expansion in countries such as Thailand, pictured above, as their domestic market is set to shrink.
Business Spotlight

Japan's convenience store chains chase elixir of growth across Asia

Indonesia, Thailand, China in focus as retailers face aging, shrinking home market

7 June 2024