PepsiCo Inc, the world's second-biggest soft-drink maker, will follow standards India plans to set, norms that may end the recurring debate over pesticide residues in its beverages and those of bigger rival Coca-Cola Co.
"We will abide by and fully comply with whatever standards the government sets," Indra Nooyi, the India-born chief executive officer of Purchase, New York-based PepsiCo, said in a speech at a seminar in New Delhi yesterday. "We and the Coca-Cola Co are working on a breakthrough technology that will detect very low levels of pesticide residues in soft drinks."
The controversy resurfaced this summer after an Indian pressure group said its tests showed 57 samples of 11 brands of sodas made by the two companies had pesticides residues. The government maintained the findings didn't conclusively prove drinks made by Coca-Cola and PepsiCo contain pollutants.
The companies also succeeded in overturning a sales ban on their sodas in the southern state of Kerala, a Communist-ruled province that was among the local administrations imposing varying curbs after the pressure group made public its findings.
While the authorities in other states imposed partial bans, the administration of Kerala, a tropical vacation destination along the Arabian Sea, was the only government to fully ban brands from both companies.
Atlanta-based Coca-Cola and PepsiCo disputed the testing methods and results, and said their drinks meet the EU standard of less than 1 part per billion for any individual pesticide. Coca-Cola depends on India for about 1.3 percent of its volume.
"I personally stand by each and every product we sell," Nooyi said yesterday. "Recently, three highly reputed laboratories declared our products are safe. Residues are not detectable."
PepsiCo has reduced water use in India by 50 percent and is focusing on low-fat products aimed at curbing obesity trends, Nooyi said.
The political debate surrounding the sporadic bans stoked concerns Indian laws may fail to protect overseas businesses, consequently hurting investment flows.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
IMPORTANT BACKER: China seeks to expel US influence from the Indo-Pacific region and supplant Washington as the global leader, MAC Minister Chiu Chui-cheng said China is preparing for war to seize Taiwan, Mainland Affairs Council (MAC) Minister Chiu Chui-cheng (邱垂正) said in Washington on Friday, warning that Taiwan’s fall would trigger a regional “domino effect” endangering US security. In a speech titled “Maintaining the Peaceful and Stable Status Quo Across the Taiwan Strait is in Line with the Shared Interests of Taiwan and the United States,” Chiu said Taiwan’s strategic importance is “closely tied” to US interests. Geopolitically, Taiwan sits in a “core position” in the first island chain — an arc stretching from Japan, through Taiwan and the Philippines, to Borneo, which is shared by