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HUHHOT, China, Aug. 13, 2022 /PRNewswire/ On August 10, Brand Finance, the world's leading brand valuation and strategy consultancy, issued its Food & Drink 2022 report, identifying the most valuable and strongest brands in the food and beverage industries. Yili has been recognized as the World's Most Valuable Dairy Brand, retaining its leading position in the global dairy industry. A company's brand is among the most valuable intangible assets it holds. While the Covid-19 pandemic has posed major challenges for the global dairy market, Yili still maintained strong growth of its brand value, increasing it by 10% to $10.6 billion and extending its lead in the ranking. Such growth was attributed to the company's robust business performance and social value. Commercial value grows steadily Yili's market capitalization has expanded 553 times since its listing in 1996, from RMB 421 million ($62.5 million) to RMB 232.8 billion ($34.56 billion) in 2022. It has remain ....
SEALED. Agriculture Secretary William Dar, Baladna Qatar Public Shareholding Company independent board member Aidan Tynan, and Trade Secretary Ramon Lopez (from left) sign a deal in Dubai, United Arab Emirates on Feb. 11, 2022 for a USD500-million dairy facility. Officials of the Qatar firm will visit the Philippines soon to check the five proposed sites. (Photo courtesy of DA) MANILA - The country is looking at a USD500-million worth of integrated dairy facility after sealing a partnership with Baladna Qatar Public Shareholding Company (QPSC). The project can increase local milk production by 120 million liters from the current 26.71 million liters to address local demand and decrease imports, according to the Department of Agriculture (DA) on Monday. "The investments will be able to generate 2,000 new jobs during the initial phase of its first full year of operations, providing significant opportunities for domestic employment," Secretary William Dar said in a statement. DA ....