Topic “In the News News” — Exporter Magazine

Singapore Airlines’ (SIA) is to launch a low-cost carrier by next year to compete with competitors already taking chunks out of its premium market, and to stand up against Australia’s budget carrier JetStar, which is planning long-hauls to Europe. The average Asia-Europe all-in freight declined 10% in April, according to Container Trades Statistics (CTS), which also revealed that rates on routes to the western Mediterranean, North Africa fell 7.4% and 9% on eastern Med and Black Sea trade lanes, according to the Shipping Gazette. A new wine that targets women through its perfume-like packaging has been singled out by Datamonitor’s Product Launch Analytics (PLA) team as its Innovation of the Week, according to BeverageDaily.com. A US ink firm has unveiled a range of new commemorative drink packaging designs with a dramatic visual appeal that are dedicated to members of the US armed forces, according to Packaging International’s website. ExportNZ is increasing its focus on growing opportunities in India by entering a partnership with the India New Zealand Business Council (INZBC). Louis Vuitton may have lost prime advertising space in China when its giant suitcase was torn down in Shanghai, but it is now wooing customers in the hallowed halls of the national museum in Beijing, according to AFP. With $79 billion of yuan deposits as of April 30, Hong Kong is the largest repository for China’s currency outside of the mainland, and the only place the yuan is commonly used or traded that is free from Beijing’s strict capital controls. New Zealand beef is proving to be a breakout success in Korea where a star turn on the menu of the country’s largest food exhibition is helping to overturn the local perception that beef fed on grain is superior.