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NEW UPDATES Asean Affairs  9 June 2015  

KFC to raise product prices

Fast Food Indonesia (FAST), Indonesia’s Kentucky Fried Chicken (KFC) franchisee, is set to raise its food and beverage prices due to a depreciation of the rupiah against the dollar which has affected the cost of imported ingredients, including for its secret recipe.

The hike will be between three to five percent, FAST director JD Juwono said after an annual shareholders’ meeting on Monday.

He explained that the country's slow economy had driven the increased prices of imported machines and ingredients, especially ingredients in KFC's secret flavoring recipe.

He declined to disclose when the price hike would begin.

"We are still holding it [stable] while we are observing the market conditions," Juwono said, adding that FAST paid careful attention to people’s weak purchasing power.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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