Isnin, 5 Ogos 2013

The Malaysian Insider :: Food

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The Malaysian Insider :: Food


Liquid Gold from Spain - Sue Chien Lee

Posted: 05 Aug 2013 06:58 PM PDT

BY SUE CHIEN LEE
August 06, 2013
Latest Update: August 06, 2013 10:54 am

Where liquid gold is born: A good olive oil transforms a simple dish into a sublime one.Where liquid gold is born: A good olive oil transforms a simple dish into a sublime one.Maria Luisa, at the fine age of 83, is a marvel: she's blessed with beautiful skin which shines with good care and nutrition. She is a great fan of boutique extra virgin olive oils (EVOO), reverently called Liquid Gold. These include the regional Catalan arbequina - one of the tiniest olives ever - to the more robust picual of Jaén, Granada and Córdoba. Though Premium EVOO, which costs about €10-16 per 500ml onward, is extremely popular among Asian travelers to Spain, olive oil has been the mainstay of ancient cultures throughout the Mediterranean.

Some people are surprised by the kick in the back of the throat when they first encounter an oil with character. There's more to it than meets the eye (or tastebuds). In fact, spicy, slightly bitter and robust oils tend to have more polyphenols (there are about nine different categories of polyphenols in a good EVOO) which have antioxidant and potentially anti-ageing properties. The Olive Press explains: "In addition … polyphenols, also contain strong anti-inflammatory properties. A recent study showed that extra virgin olive oil contains a certain phenol compound called oleocanthal, which acts similar to ibuprofen in the body. This shows the potential for olive oil's ability to help reduce the risk of strokes, as explored in an article on WebMD. It's thought that two tablespoons of extra virgin olive oil a day is enough to provide these anti-inflammatory benefits." 

EVOO and its possible protection against Alzheimer's disease is explained here.

Apart from its health benefits, what makes a good EVOO? Marta Angulo of A Taste of Spain explains: "EVOO is authentic olive oil without any additional treatment. We ought not confuse EVOO with what is simply called 'olive oil' which is made of refined olive oil (through thermal processing) and combined with a percentage of extra virgin olive oil which lends it colour and flavour. Olive oil is a good option for frying, for example. But it is without doubt inferior in quality to EVOO.

"To gain qualification as 'extra virgin', the oil ought have an acidity inferior to 0,8% and be impeccable from the analytical and sensorial points of view, that is, without defect on the palate. Apart from this minimal requirement, I recommend having various EVOOs at home, with different profiles of distinctive flavours, and experiment with them in cooking. Of course with a Premium EVOO (which won't come cheap), I recommend it be used raw."

Marta says that apart from being the largest olive oil producer in the world with a quota which exceeds 30% of world production, Spain offers the sector a great variety of EVOO which come from diverse varietals (there are about 260 from Spain alone) with a large palate of flavours and aromas which no other producer-country offers.

"Spain has a great diversity of ecosystems which makes it a type of mini-continent. From the mild and humid climate of the Northern zone to the semi-desert-like and subtropical Southeast, moving on to the Central Plains with its Continental or East Mediterranean climate, each territory has its own defining characteristics. Olive cultivation in Spain goes back 3,000 years and the great civilizations which ruled Spain throughout the centuries were olive cultivators. They each chose trees that were best adapted to the landscape and climate of each territory. This has enabled Spain to offer a choice selection of mono-varietals, with differentiated tastes.

Will any olive oil bought off the shelf do? Not quite. As EVOO is in essence fresh fruit juice (the olive is a fruit, not a seed or nut), it is sensitive to heat, light and oxygen. So, try to get an EVOO that comes in dark bottles (or keep the oil away from heat and light). The ideal temperature to store olive oil to reduce oxidation but to avoid clouding is around 50°F. It makes perfect sense to use EVOO liberally, and in imaginative ways.

As much as possible, try to use Premium EVOO raw, or slightly heated. Never in a Chinese stir-fry because of the wok hei (required for a good char kuay teow). When tasting EVOO, go with an open mind: eat slowly, mindfully, and cast away any comparisons with spicy Malaysian foods we might prefer. Treat an EVOO gently: breakfast with good bread dipped in EVOO as a substitute for butter and margarine, and you'll quickly fall for the fruity, pungent, sometimes bitter tastes and aromas. I've been hooked ever since I came to Barcelona six years ago, and my journey through the wondrous world of Spanish-made olive oils will never wane.

Rising Stars

Marta Angulo explains: "The most common varietals in Spain are picual, hojiblanca, arbequina, cornicabra, empeltre and manzanilla. Given the wide choice, olive oil producers are experimenting with lesser-known varietals, in the form of monovarietals and coupages. Premium EVOO producers are now pursuing, not only maximum quality with sublime oils, but also bringing forth the marked personality and differentiating attribute of such oils.

Such is the case of Royal de Cazorla de Castillo de Canena, of which Marta's good friend and olive oil expert Santiago Botas has written a review in his blog  ( http://santiagobotas.aceitedeolivablog.com/tag/royal-de-cazorla/ ). He explains that the designation "Royal" o "Rojal", is used in diverse regions of Spain to refer to distinct olive varietals whose fruit take on a reddish-russet colour in the maturation process. Given its unique sensorial properties and low yield, the producer has established a quota for distribution, as is the case with great wines.

Masia el Altet (http://www.masia-el-altet.com/en/ )"Special selection" single variety 100% Changlot Real EVOO is another gem. "It is a balanced and harmonious extra virgin olive oil of great personality and complexity. On the nose, you'll find herbaceous notes of freshly-cut grass, fennel (strong), citric fruit (orange, lemon and grapefruit), notes of green banana and prunes, fig leaves, tender green almonds (both the shell and the incipient fruit), apple and peach at the moment their colour starts to lighten, tomato plant and green tomato. In the mouth, it's sweet and dense as it enters the mouth, with a very balanced spiciness and bitterness, herbaceous notes, as given above, great complexity; notes of citric fruit, green banana, artichoke, tomato, tomato plant, and other spontaneous, secondary nuances."

At the Masía el Altet estate (from left): Jorge (General Manager of Masía el Altet), and his father Jorge with Monsieur Joël Robuchon, titled At the Masía el Altet estate (from left): Jorge (General Manager of Masía el Altet), and his father Jorge with Monsieur Joël Robuchon, titled Jorge Petit, General Manager of Masía el Altet, says: "This year we have obtained 32 awards until now, and one of them was BEST OF CLASS in the International Olive Oil Competition in New York, with more than 700 contestants. Our olive oils are used by Monsieur Joël Robuchon, Ferran Adrià and Juan Mari Arzak among other top chefs."

* The importer of Masia el Altet EVOO is CLEV Marketing & Distribution Sdn Bhd.

** When in Barcelona, shop for EVOO at olisoliva.com (http://www.olisoliva.com/), a tiny locale in the Mercado Santa Caterina in El Borne. Ask to taste three or four types (una cata de aceites) and they'll gladly let you explore their fine collection of EVOO.

* Sue writes at http://suezl.com/ and can be contacted at http://about.me/suechien.lee

Liquid gold from Spain

Posted: 05 Aug 2013 06:58 PM PDT

BY SUE CHIEN LEE
August 06, 2013
Latest Update: August 06, 2013 10:54 am

Where liquid gold is born: A good olive oil transforms a simple dish into a sublime one.Where liquid gold is born: A good olive oil transforms a simple dish into a sublime one.Maria Luisa, at the fine age of 83, is a marvel: she's blessed with beautiful skin which shines with good care and nutrition. She is a great fan of boutique extra virgin olive oils (EVOO), reverently called Liquid Gold. These include the regional Catalan arbequina - one of the tiniest olives ever - to the more robust picual of Jaén, Granada and Córdoba. Though Premium EVOO, which costs about €10-16 per 500ml onward, is extremely popular among Asian travelers to Spain, olive oil has been the mainstay of ancient cultures throughout the Mediterranean.

Some people are surprised by the kick in the back of the throat when they first encounter an oil with character. There's more to it than meets the eye (or tastebuds). In fact, spicy, slightly bitter and robust oils tend to have more polyphenols (there are about nine different categories of polyphenols in a good EVOO) which have antioxidant and potentially anti-ageing properties. The Olive Press explains: "In addition … polyphenols, also contain strong anti-inflammatory properties. A recent study showed that extra virgin olive oil contains a certain phenol compound called oleocanthal, which acts similar to ibuprofen in the body. This shows the potential for olive oil's ability to help reduce the risk of strokes, as explored in an article on WebMD. It's thought that two tablespoons of extra virgin olive oil a day is enough to provide these anti-inflammatory benefits." 

EVOO and its possible protection against Alzheimer's disease is explained here.

Apart from its health benefits, what makes a good EVOO? Marta Angulo of A Taste of Spain explains: "EVOO is authentic olive oil without any additional treatment. We ought not confuse EVOO with what is simply called 'olive oil' which is made of refined olive oil (through thermal processing) and combined with a percentage of extra virgin olive oil which lends it colour and flavour. Olive oil is a good option for frying, for example. But it is without doubt inferior in quality to EVOO.

"To gain qualification as 'extra virgin', the oil ought have an acidity inferior to 0,8% and be impeccable from the analytical and sensorial points of view, that is, without defect on the palate. Apart from this minimal requirement, I recommend having various EVOOs at home, with different profiles of distinctive flavours, and experiment with them in cooking. Of course with a Premium EVOO (which won't come cheap), I recommend it be used raw."

Marta says that apart from being the largest olive oil producer in the world with a quota which exceeds 30% of world production, Spain offers the sector a great variety of EVOO which come from diverse varietals (there are about 260 from Spain alone) with a large palate of flavours and aromas which no other producer-country offers.

"Spain has a great diversity of ecosystems which makes it a type of mini-continent. From the mild and humid climate of the Northern zone to the semi-desert-like and subtropical Southeast, moving on to the Central Plains with its Continental or East Mediterranean climate, each territory has its own defining characteristics. Olive cultivation in Spain goes back 3,000 years and the great civilizations which ruled Spain throughout the centuries were olive cultivators. They each chose trees that were best adapted to the landscape and climate of each territory. This has enabled Spain to offer a choice selection of mono-varietals, with differentiated tastes.

Will any olive oil bought off the shelf do? Not quite. As EVOO is in essence fresh fruit juice (the olive is a fruit, not a seed or nut), it is sensitive to heat, light and oxygen. So, try to get an EVOO that comes in dark bottles (or keep the oil away from heat and light). The ideal temperature to store olive oil to reduce oxidation but to avoid clouding is around 50°F. It makes perfect sense to use EVOO liberally, and in imaginative ways.

As much as possible, try to use Premium EVOO raw, or slightly heated. Never in a Chinese stir-fry because of the wok hei (required for a good char kuay teow). When tasting EVOO, go with an open mind: eat slowly, mindfully, and cast away any comparisons with spicy Malaysian foods we might prefer. Treat an EVOO gently: breakfast with good bread dipped in EVOO as a substitute for butter and margarine, and you'll quickly fall for the fruity, pungent, sometimes bitter tastes and aromas. I've been hooked ever since I came to Barcelona six years ago, and my journey through the wondrous world of Spanish-made olive oils will never wane.

Rising Stars

Marta Angulo explains: "The most common varietals in Spain are picual, hojiblanca, arbequina, cornicabra, empeltre and manzanilla. Given the wide choice, olive oil producers are experimenting with lesser-known varietals, in the form of monovarietals and coupages. Premium EVOO producers are now pursuing, not only maximum quality with sublime oils, but also bringing forth the marked personality and differentiating attribute of such oils.

Such is the case of Royal de Cazorla de Castillo de Canena, of which Marta's good friend and olive oil expert Santiago Botas has written a review in his blog  ( http://santiagobotas.aceitedeolivablog.com/tag/royal-de-cazorla/ ). He explains that the designation "Royal" o "Rojal", is used in diverse regions of Spain to refer to distinct olive varietals whose fruit take on a reddish-russet colour in the maturation process. Given its unique sensorial properties and low yield, the producer has established a quota for distribution, as is the case with great wines.

Masia el Altet (http://www.masia-el-altet.com/en/ )"Special selection" single variety 100% Changlot Real EVOO is another gem. "It is a balanced and harmonious extra virgin olive oil of great personality and complexity. On the nose, you'll find herbaceous notes of freshly-cut grass, fennel (strong), citric fruit (orange, lemon and grapefruit), notes of green banana and prunes, fig leaves, tender green almonds (both the shell and the incipient fruit), apple and peach at the moment their colour starts to lighten, tomato plant and green tomato. In the mouth, it's sweet and dense as it enters the mouth, with a very balanced spiciness and bitterness, herbaceous notes, as given above, great complexity; notes of citric fruit, green banana, artichoke, tomato, tomato plant, and other spontaneous, secondary nuances."

At the Masía el Altet estate (from left): Jorge (General Manager of Masía el Altet), and his father Jorge with Monsieur Joël Robuchon, titled At the Masía el Altet estate (from left): Jorge (General Manager of Masía el Altet), and his father Jorge with Monsieur Joël Robuchon, titled Jorge Petit, General Manager of Masía el Altet, says: "This year we have obtained 32 awards until now, and one of them was BEST OF CLASS in the International Olive Oil Competition in New York, with more than 700 contestants. Our olive oils are used by Monsieur Joël Robuchon, Ferran Adrià and Juan Mari Arzak among other top chefs."

* The importer of Masia el Altet EVOO is CLEV Marketing & Distribution Sdn Bhd.

** When in Barcelona, shop for EVOO at olisoliva.com (http://www.olisoliva.com/), a tiny locale in the Mercado Santa Caterina in El Borne. Ask to taste three or four types (una cata de aceites) and they'll gladly let you explore their fine collection of EVOO.

* Sue writes at http://suezl.com/ and can be contacted at http://about.me/suechien.lee

Kredit: http://www.themalaysianinsider.com

The Malaysian Insider :: Sports

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The Malaysian Insider :: Sports


Soldado completes big-money move from Valencia to Spurs

Posted: 05 Aug 2013 08:56 AM PDT

August 05, 2013

Valencia striker Roberto Soldado (pic) has completed his move to Tottenham Hotspur after passing a medical, the Premier League club announced in London today.

The clubs agreed last week to the transfer of the Spain international for €30 million (RM128.80 million), a record for the north London team, subject to a medical.

He is now expected to make his debut for Spurs in a pre-season match at home to Espanyol on Saturday.

Soldado, who scored 30 goals in 46 appearances for Valencia last season and has been on target six times in 11 matches for Spain, joins fellow new recruits Paulinho and Nacer Chadli at Spurs.

Brazil midfielder Paulinho left Corinthians last month in a deal worth £17 million (RM83.90 million) while Belgium winger Chadli joined the Londoners from Dutch side Twente Enschede for a fee that media reports said was in the region of seven million pounds.

Spurs open their Premier League campaign at newcomers Crystal Palace on Aug. 18. – Reuters, August 5, 2013

Soldado completes big-money move from Valencia to Spurs

Posted: 05 Aug 2013 08:56 AM PDT

August 05, 2013

Valencia striker Roberto Soldado (pic) has completed his move to Tottenham Hotspur after passing a medical, the Premier League club announced in London today.

The clubs agreed last week to the transfer of the Spain international for €30 million (RM128.80 million), a record for the north London team, subject to a medical.

He is now expected to make his debut for Spurs in a pre-season match at home to Espanyol on Saturday.

Soldado, who scored 30 goals in 46 appearances for Valencia last season and has been on target six times in 11 matches for Spain, joins fellow new recruits Paulinho and Nacer Chadli at Spurs.

Brazil midfielder Paulinho left Corinthians last month in a deal worth £17 million (RM83.90 million) while Belgium winger Chadli joined the Londoners from Dutch side Twente Enschede for a fee that media reports said was in the region of seven million pounds.

Spurs open their Premier League campaign at newcomers Crystal Palace on Aug. 18. – Reuters, August 5, 2013

Kredit: http://www.themalaysianinsider.com

The Malaysian Insider :: Features

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The Malaysian Insider :: Features


Tycoon’s 10-year crusade to get a Big Mac in Vietnam

Posted: 05 Aug 2013 08:49 AM PDT

August 05, 2013

A man walks past a McDonald’s outlet in Beijing in this file photo. Tycoon Henry Nguyen seeks to bring Big Macs to Vietnam. – Reuters picA man walks past a McDonald's outlet in Beijing in this file photo. Tycoon Henry Nguyen seeks to bring Big Macs to Vietnam. – Reuters picTycoon Henry Nguyen mopped floors, flipped burgers and even cleaned toilets over a 10-year campaign to convince McDonald's Corp to let him bring Big Macs and Happy Meals to communist Vietnam.

McDonald's is making a late entry into this market, where Yum Brands Inc already has dozens of Pizza Hut and KFC outlets and Burger King Worldwide Inc has 15 restaurants. Even Starbucks Corp debuted in Ho Chi Minh City in February and opened its second branch last week.

Capitalism has taken root in a country that many Americans associate more with an unpopular war than rising wealth. The super-rich are becoming household names in Vietnam, which showcased its first billionaire in June on the cover of its inaugural edition of Forbes magazine.

Nguyen, a Vietnamese-American who set up Pizza Hut in Vietnam six years ago, says he has lived and breathed McDonald's. He studied its business model as part of his master's degree, and pursued the Vietnam franchise opportunity for a decade – even as he worked with rival Yum. When he visited his hometown of Chicago, he would meet McDonald's executives at the company's headquarters in suburban Oak Brook, Illinois.

The Golden Arches will first appear in Ho Chi Minh City in early 2014 and later in the capital Hanoi, but the expansion will be "step by step", said Nguyen, who worked at McDonald's in the United States as a teenager and again this year at a Singapore outlet.

His timing looks questionable. While rivals have gained a firm foothold, McDonald's is opening just as the economy falters and consumer demand is fading. Still, the 40-year-old is convinced the local market is ripe for a McDonald's franchise.

"McDonald's showing up here shows that Vietnam is a big deal to a lot of people. It means things are happening in Vietnam," Nguyen said in an interview at his swanky office here in Vietnam's most iconic building. He is the son-in-law of Nguyen Tan Dung, Vietnam's prime minister since 2006, but insists that isn't why he won the McDonald's franchise deal.

McDonald's spokeswoman Becca Hary confirmed that Nguyen had been discussing the franchise opportunity for many years, and said he made the shortlist out of a much larger group.

"His marriage did not preclude him for participating in what was a very competitive selection process for our partner in Vietnam," she said, adding that the company's research into a new market can span years and it saw "great opportunities ahead" in Vietnam.

AFFORDABLE LUXURY

Vietnam recorded 4.9 and 5 per cent economic growth, respectively, in the first two quarters of 2013, lacklustre for a developing Asian market, putting it on track for its slowest annual expansion in 14 years.

Debt-laden banks are struggling to lend and at least 120,000 businesses have closed since 2011, official data shows. Retail sales growth was 11.8 per cent in the first quarter, the slowest since 2005, and 2012's annual increase of 15.7 per cent was just half the rate recorded two years earlier.

In advanced markets, McDonald's tends to do well when the economy weakens because cash-strapped consumers trade down to cheaper food. But in developing economies, Western fast food has cachet and is often priced out of the reach of the masses.

In Vietnam, a piece of KFC chicken costs about as much as a bowl of Vietnam's trademark all-day meal, pho noodle soup, at 32,000 dong (RM4.88), and a KFC meal is more than double that. Burger King's burgers go for as much as 85,000 dong.

McDonald's has not yet opened, so pricing information was not available, but Nguyen said he did not want to position it as a luxury brand.

Though this once "tiger" economy might appear to be losing its teeth, Nguyen is adamant McDonald's hasn't missed the boat.

"McDonald's doesn't look at the conditions today, they look at the long-term potential of the market," he said. "There's a big market here, a big part because of the demographic."

Other big brands have sussed that out too. Two-thirds of Vietnam's 90 million population are under the age of 30, its cities are swelling and 34 per cent of its people are internet users within easy reach of Western marketeers.

It's not just about the masses. Although average annual income per capita is just US$1,400 (RM4,527) – one quarter that of Thailand and a seventh of Malaysia's according to the World Bank – Vietnam has a wealthy, status-conscious urban middle class that enjoys splashing out on big names, expensive smartphones and top of the range Vespa motorcycles.

"My family's business is doing well, so I don't see any recession," said Doan Ngoc Nhu, 33, moments after handing over 200 million dong (RM30,403) for an Hermes bag at a posh Ho Chi Minh City mall.

"I chose this bag because it's expensive," added Nhu, sporting a well-cut designer dress. "It means quality, it helps me build an image and I care a lot about my image."

Gucci and Louis Vuitton are now readily available for well-heeled Vietnamese urbanites. Starbucks, the world's biggest coffee chain, sees "tremendous opportunity" in Vietnam, a spokesperson said.

As Starbucks is aware, in a country that produces 15 per cent of the world's coffee and has an abnormally high amount of coffee shops, it's about where, not what people are drinking.

"It makes me feel more Western, more dynamic," said student Tran Thien Thanh, 20, perched on a modern sofa in a Starbucks in the former Saigon thronged with customers web-surfing on iPhones and iPads.

'SUPER-LUXURY CARS'

Luxury automaker Rolls Royce plans to open its first showroom in Vietnam next year, targeting the entrepreneurs unscathed from the slowdown having earned their riches in the boom years of 2003-2008, when the economy grew an average 7.8 per cent annually.

"The Rolls Royce customer owns at least US$30 million (RM96.96 million) or has five or more super-luxury cars," said Minh Doan, head of Rolls Royce Motor Cars in Hanoi. "The fundamentals are sound for long term growth and wealth creation for Vietnam's businesses."

But there's still plenty of chains and brands that aren't here and many companies have been put off. Infrastructure is often inadequate, supply chains are limited, import taxes are high. Corruption, cronyism, protectionism and excessive bureaucracy are longstanding problems, as shown in Vietnam's ranking of 99th out of 185 countries last year in terms of ease of doing business, according to the World Bank.

One additional hurdle is the requirement for foreign chains to be set up as local franchises.

"It's changing, there's good potential, but the biggest obstacle is a lack of qualified and capable franchise partners with skills and business knowledge," said corporate lawyer Fred Burke, a managing partner at Baker and McKenzie in Vietnam. – Reuters, August 5, 2013

Tycoon’s 10-year crusade to get a Big Mac in Vietnam

Posted: 05 Aug 2013 08:49 AM PDT

August 05, 2013

A man walks past a McDonald’s outlet in Beijing in this file photo. Tycoon Henry Nguyen seeks to bring Big Macs to Vietnam. – Reuters picA man walks past a McDonald's outlet in Beijing in this file photo. Tycoon Henry Nguyen seeks to bring Big Macs to Vietnam. – Reuters picTycoon Henry Nguyen mopped floors, flipped burgers and even cleaned toilets over a 10-year campaign to convince McDonald's Corp to let him bring Big Macs and Happy Meals to communist Vietnam.

McDonald's is making a late entry into this market, where Yum Brands Inc already has dozens of Pizza Hut and KFC outlets and Burger King Worldwide Inc has 15 restaurants. Even Starbucks Corp debuted in Ho Chi Minh City in February and opened its second branch last week.

Capitalism has taken root in a country that many Americans associate more with an unpopular war than rising wealth. The super-rich are becoming household names in Vietnam, which showcased its first billionaire in June on the cover of its inaugural edition of Forbes magazine.

Nguyen, a Vietnamese-American who set up Pizza Hut in Vietnam six years ago, says he has lived and breathed McDonald's. He studied its business model as part of his master's degree, and pursued the Vietnam franchise opportunity for a decade – even as he worked with rival Yum. When he visited his hometown of Chicago, he would meet McDonald's executives at the company's headquarters in suburban Oak Brook, Illinois.

The Golden Arches will first appear in Ho Chi Minh City in early 2014 and later in the capital Hanoi, but the expansion will be "step by step", said Nguyen, who worked at McDonald's in the United States as a teenager and again this year at a Singapore outlet.

His timing looks questionable. While rivals have gained a firm foothold, McDonald's is opening just as the economy falters and consumer demand is fading. Still, the 40-year-old is convinced the local market is ripe for a McDonald's franchise.

"McDonald's showing up here shows that Vietnam is a big deal to a lot of people. It means things are happening in Vietnam," Nguyen said in an interview at his swanky office here in Vietnam's most iconic building. He is the son-in-law of Nguyen Tan Dung, Vietnam's prime minister since 2006, but insists that isn't why he won the McDonald's franchise deal.

McDonald's spokeswoman Becca Hary confirmed that Nguyen had been discussing the franchise opportunity for many years, and said he made the shortlist out of a much larger group.

"His marriage did not preclude him for participating in what was a very competitive selection process for our partner in Vietnam," she said, adding that the company's research into a new market can span years and it saw "great opportunities ahead" in Vietnam.

AFFORDABLE LUXURY

Vietnam recorded 4.9 and 5 per cent economic growth, respectively, in the first two quarters of 2013, lacklustre for a developing Asian market, putting it on track for its slowest annual expansion in 14 years.

Debt-laden banks are struggling to lend and at least 120,000 businesses have closed since 2011, official data shows. Retail sales growth was 11.8 per cent in the first quarter, the slowest since 2005, and 2012's annual increase of 15.7 per cent was just half the rate recorded two years earlier.

In advanced markets, McDonald's tends to do well when the economy weakens because cash-strapped consumers trade down to cheaper food. But in developing economies, Western fast food has cachet and is often priced out of the reach of the masses.

In Vietnam, a piece of KFC chicken costs about as much as a bowl of Vietnam's trademark all-day meal, pho noodle soup, at 32,000 dong (RM4.88), and a KFC meal is more than double that. Burger King's burgers go for as much as 85,000 dong.

McDonald's has not yet opened, so pricing information was not available, but Nguyen said he did not want to position it as a luxury brand.

Though this once "tiger" economy might appear to be losing its teeth, Nguyen is adamant McDonald's hasn't missed the boat.

"McDonald's doesn't look at the conditions today, they look at the long-term potential of the market," he said. "There's a big market here, a big part because of the demographic."

Other big brands have sussed that out too. Two-thirds of Vietnam's 90 million population are under the age of 30, its cities are swelling and 34 per cent of its people are internet users within easy reach of Western marketeers.

It's not just about the masses. Although average annual income per capita is just US$1,400 (RM4,527) – one quarter that of Thailand and a seventh of Malaysia's according to the World Bank – Vietnam has a wealthy, status-conscious urban middle class that enjoys splashing out on big names, expensive smartphones and top of the range Vespa motorcycles.

"My family's business is doing well, so I don't see any recession," said Doan Ngoc Nhu, 33, moments after handing over 200 million dong (RM30,403) for an Hermes bag at a posh Ho Chi Minh City mall.

"I chose this bag because it's expensive," added Nhu, sporting a well-cut designer dress. "It means quality, it helps me build an image and I care a lot about my image."

Gucci and Louis Vuitton are now readily available for well-heeled Vietnamese urbanites. Starbucks, the world's biggest coffee chain, sees "tremendous opportunity" in Vietnam, a spokesperson said.

As Starbucks is aware, in a country that produces 15 per cent of the world's coffee and has an abnormally high amount of coffee shops, it's about where, not what people are drinking.

"It makes me feel more Western, more dynamic," said student Tran Thien Thanh, 20, perched on a modern sofa in a Starbucks in the former Saigon thronged with customers web-surfing on iPhones and iPads.

'SUPER-LUXURY CARS'

Luxury automaker Rolls Royce plans to open its first showroom in Vietnam next year, targeting the entrepreneurs unscathed from the slowdown having earned their riches in the boom years of 2003-2008, when the economy grew an average 7.8 per cent annually.

"The Rolls Royce customer owns at least US$30 million (RM96.96 million) or has five or more super-luxury cars," said Minh Doan, head of Rolls Royce Motor Cars in Hanoi. "The fundamentals are sound for long term growth and wealth creation for Vietnam's businesses."

But there's still plenty of chains and brands that aren't here and many companies have been put off. Infrastructure is often inadequate, supply chains are limited, import taxes are high. Corruption, cronyism, protectionism and excessive bureaucracy are longstanding problems, as shown in Vietnam's ranking of 99th out of 185 countries last year in terms of ease of doing business, according to the World Bank.

One additional hurdle is the requirement for foreign chains to be set up as local franchises.

"It's changing, there's good potential, but the biggest obstacle is a lack of qualified and capable franchise partners with skills and business knowledge," said corporate lawyer Fred Burke, a managing partner at Baker and McKenzie in Vietnam. – Reuters, August 5, 2013

Kredit: http://www.themalaysianinsider.com

The Malaysian Insider :: Showbiz

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Australian ‘Sapphires’ protest ‘disrespectful’ US film cover

Posted: 05 Aug 2013 02:04 AM PDT

August 05, 2013
Latest Update: August 05, 2013 05:11 pm

The Aboriginal Australian women whose lives inspired the acclaimed movie "The Sapphires" have protested at the film's US DVD cover, saying its portrayal of a white male actor as the lead disrespects people of colour.

The feel-good flick about four Aboriginal singers sent to entertain troops in Vietnam has the women on its DVD cover in Australia.

But in the US version they are "blue washed" and placed in the background while Irish actor Chris O'Dowd – who plays their manager – is front and centre in full colour.

The original Sapphires – Naomi Mayers, Beverly Briggs, Lois Peeler and Laurel Robinson – have written to the National Association for the Advancement of Colored People in the US to complain.

The women, in a letter written on their behalf by the Aboriginal Medical Service, say the DVD cover completely missed the trauma that people of colour experienced in Australia and the United States.

''The US cover of the DVD... in fact reinforces precisely the sort of bigotry that Naomi, Beverly, Lois and Laurel fought so hard against,'' it said.

''We're hopeful that the NAACP – with its long and proud history of advocating strongly for the interests of people of colour – will add its significant voice to calls for the DVD cover to be changed.''

Mayers, who works at the Aboriginal Medical Service in inner Sydney's Redfern suburb, described the cover as disrespectful.

''What has upset us is that the DVD cover appears to miss that point (of the film) entirely,'' she told The Sydney Morning Herald.

''It's disrespectful to the very talented young Aboriginal actors in the film, and it's disrespectful to us as a group.

''But in particular, it's disrespectful to women of colour everywhere who have stood up against this sort of thing all their lives."

Mayers said the women were proud of their work with the Sapphires and of the film.

"We hope that the US distributors of the DVD stop and think about how their depiction of that work might be received, and that it motivates them to reconsider the cover artwork before the DVD is distributed,'' she said.

The US cover has already caused a storm on social media, with O'Dowd himself tweeting in response to a question that it was "ridiculous, misleading, ill-judged, insensitive and everything the film wasn't". - AFP, August 5, 2013.

Lollapalooza’s broad appeal leads to biggest audience yet

Posted: 05 Aug 2013 12:02 AM PDT

August 05, 2013

Lollapalooza, the three-day music festival in Chicago's historic Grant Park, was bigger than ever this year with a lineup that honored its alternative rock roots and broadened its appeal to fans of folk, dance, rap and even country music.

A record 300,000 people took in nearly 150 bands playing on eight stages set up across the mile-long park lawn just across the street from the shores of Lake Michigan.

The varieties of music were as disparate as the concert attendees. Teens in brightly-colored tank tops bobbed to the bass music of Dillon Francis in the dance arena on Friday while goths in black swayed to Sunday's closing set by alternative veterans the Cure.

Vampire Weekend supplied the literary pop, singing about the Oxford comma, while country-rocker Eric Church sang about drinking Jack Daniels and getting stoned.

The chart-topping pop folk group Mumford and Sons drew some of the largest crowds on Saturday who heard their banjo-and-acoustic guitar rave-ups "I Will Wait" and "The Cave," after another folk group on the rise, the Lumineers, warmed up the crowd from a stage across the park's lawn.

The sold-out annual summer event, which last year pumped $120 million into the local economy and booked many downtown hotels to capacity this year, is Chicago's largest concert.

Nine Inch Nails, the veteran alternative band fronted by Trent Reznor, played the first Lollapalooza in 1991 and closed Friday night with their first U.S. gig in four years.

A large portion of the crowd was not even born when Reznor burst onto the scene with his aggressive industrial rock, breaking through with the song "Head Like a Hole," which they performed toward the end of their set.

"I came here for the girls and (band) the Killers. I don't know who Nine Inch Nails are," said 15-year-old Ryan Coolidge, a resident of Chicago's northwest suburbs.

Two artists scheduled to perform Saturday night on the same stage abruptly canceled appearances. Rapper Azealia Banks was said to have come down with a throat ailment while Lollapalooza organizers announced that Death Grips, a rap group from California, "chose not to appear."

The festival largely went off without a hitch otherwise, with rains muddying fields early on Friday before sunshine and cooler-than-normal temperatures provided comfortable conditions for the fans.

Ben Gibbard announced that the show would be the last for his group the Postal Service. Local hip-hop artist Chance the Rapper, whose uplifting tales about rising above the gun violence on Chicago's streets, was such a success on a smaller stage that many could not get close enough to see the 20-year-old.

The dance stage Perry's - named after Lollapalooza organizer Perry Farrell - was one of the most popular. Bottom-heavy bass music dubstep dominated that area, with acts such as Baauer - known for his track "Harlem Shake" and the hundreds of social media dance routine videos it spawned.

Grant Kwiecinski, aka GRiZ, played saxophone over his squelching bass tunes. He first attended four years ago as a fan, an event that contributed to him making a career of music.

"My one experience with Lollapalooza was in 2009 - it was actually the first music festival I've ever been to," he said in an interview. "It was one of those very cool memories where it all starts to make sense to you very quickly." - Reuters, August 5, 2013.

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Chinese readers to translate David Mitchell stories

Posted: 04 Aug 2013 06:41 PM PDT

August 05, 2013
Latest Update: August 05, 2013 05:41 pm

Chinese social network Douban is hosting a competition for readers to translate excerpts from David Mitchell (pic) short stories "The Gardener" and "The Massive Rat."

The competition came about as collaboration between "Cloud Atlas" author and two-time Booker Prize shortlistee David Mitchell, social networking service Douban (whose specialty is in books, movies, and music), UK innovations charity Nesta, and the British Council educational organization.

Visitors to the Douban site now have until August 30 to sumbit translations of the two Mitchell works, whose excerpts have been posted in English.

After a shortlisting process, each story's three best entries will then be put up to a public vote running from September 20 to October 6, with the winners announced on October 7.

All entrants recieve a 20 yuan Douban voucher, the runners-up an Ian McEwan e-book in English and the winners net contracts to complete the Mitchell translations.

"Cloud Atlas" author and two-time Booker Prize shortlistee David Mitchell said that he was "excited by the possibilities for interfacing literature and social media which the project explores, and quietly delighted that my story has been chosen to play even a small role in the fertile matrix of Anglo-Chinese cultural connections." - AFP/Relaxnews, August 5, 2013.

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