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Vegetarian Pork Product introduced in China

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Joins vegetarian beef and burgers already in the market

The plant-based minced pork is Beyond Meat’s latest cutting-edge innovation and the company’s first product developed specifically for the Chinese market

From Nov. 18-24, Shanghai foodies can be the first to try Beyond Pork at five popular Shanghai restaurants 

 SHANGHAI, CHINA –

Media OutReach – 19 November 2020 – Beyond Meat, Inc. (NASDAQ: BYND), a pioneer in plant-based meat, is announcing its latest product innovation: Beyond Pork™. Designed to deliver the sumptuous taste, juicy texture and culinary versatility similar to traditional minced pork, Beyond Pork was created specifically for the Chinese market and is the next step forward in Beyond Meat’s commitment to creating high-quality products that meet consumers’ demand for delicious, nutritious and sustainable protein.

The introduction of Beyond Pork follows the successful launches of the Beyond Burger® and Beyond Beef™ in mainland China and comes at a time when interest in plant-based meat is growing in China and around the world. Pork is the most popular meat in China and the country ranks among the highest pork consumption rates in the world, making it an excellent location for the unveiling of Beyond Pork. The development of Beyond Pork was a global collaboration between dedicated Beyond Meat teams in Los Angeles and Shanghai. In addition, Beyond Meat conducted multiple sensory tests in China to get direct consumer feedback toward perfecting the product. The result? Beyond Pork was a fan favorite among consumers for its ability to mirror the mouthwatering umami flavor, texture and aroma of animal-based minced pork, while offering the added health and environmental benefits of plant-based meat.

“We’re excited to launch Beyond Pork in China, marking a milestone for Beyond Meat as we are not only launching an entirely new product innovation, but our first plant-based meat product created specifically for the Chinese market,” said Candy Chan, China General Manager, Beyond Meat.

“With Beyond Pork, Beyond Meat is providing even more delicious options for consumers to continue to eat their favorite dishes while enjoying the added nutritional and environmental benefits of plant-based meat. Beyond Pork’s exclusive debut in China furthers Beyond Meat’s commitment to this important market and its vision for plant-based meat to continue winning the hearts (and mouths) of Chinese consumers.”

Minced pork is featured in many Chinese dishes, making China the perfect place for Beyond Pork to show off its potential. From dumplings and mapo tofu to zhajiang noodles and lion’s head meatballs, Beyond Pork delivers the meaty taste and texture that Chinese consumers crave but with about 50% less saturated and total fat. Made from simple plant-based ingredients, like rice and soybeans, Beyond Pork offers a rich source of protein with 18.5g per 100g serving and has no antibiotics or hormones.

To celebrate the launch of Beyond Pork, Beyond Meat is partnering with five popular restaurants in Shanghai, one of China’s food capitals. The roster of partner restaurants features some of the hottest names in Shanghai’s food scene, including Egg, Moménti, RAC, Solo X, and Tun Wang.

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realme dares to leap into Sri Lankan youth market with cutting edge devices

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realme, the world’s fastest-growing smartphone brand, launched its products in Sri Lanka on the November 23. The virtual launch event took place with the participation of Chanux bro and realme Sri Lanka team where benchmark, trendsetting realme products were introduced to the Sri Lankan market.

The launch expands the reach of the fastest smartphone brand to reach 50 million product sales worldwide, to a brand new market with young users looking for the very best in technology and smart devices. Ranked among the Top 5 brands in over 13 markets globally in just two years of operation, realme is ranked seventh globally. Proclaiming it will ‘dare to leap’, realme identifies with young people who are willing to take a risk, and has launched four cutting edge products to the Sri Lanka market, set to exceed expectations.

realme 7 – sharper captures and cooler gaming with faster charges

realme 7 grabs the imagination of the youth with a 64MP Quad Camera with Sony IMX682 sensor for sharper captures, the World’s First MediaTek Helio G95 Gaming Processor for cool gaming and a 30W Dart Charge, taking just 26 mins to get 5000mAh battery 50% Charged. The sleek smartphone comes with a 6.5-inch 90Hz Ultra Smooth Display with a 16MP In-display Selfie Camera and Starry Mode.

The first smartphone to have passed TÜV Rheinland Smartphone Reliability, realme 7 is the first in segment smartphone with the Sony 64MP Quad Camera.

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President to inaugurate CCC Sri Lanka Economic Summit

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Sri Lanka’s foremost economic summit will be inaugurated by Chief Guest Gotabaya Rajapaksa, President of the Democratic Socialist Republic of Sri Lanka on December 1. The summit is themed “Roadmap for Take-off: Driving a People Centric Economic Revival”. The President will also deliver the inaugural address.

Mahinda Rajapaksa, Prime Minister of the Democratic Socialist Republic of Sri Lanka, will launch the second phase of the summit on December 2 and participate in the VVIP session focused on “Empowering Take-off: Efficient Government and Progressive State Enterprises.”

The Inaugural session on December 1, commencing at 8.30am will feature addresses by keynote speaker Nirmala Sitharaman, Minister of Finance and Corporate Affairs of the Republic of India and Guest of Honour Ajith Nivard Cabraal, State Minister of Money and Capital Markets and State Enterprise Reforms. Dr. Hans Wijayasuriya – chairman of the Ceylon Chamber of Commerce will deliver the welcome address.

The flagship summit will be held on a virtual format in compliance with health guidelines and will bring together key policymakers, business leaders as well as the input of top international thought leaders will come together to identify the steps in developing the pathway towards the accelerated and people centric revival of the country’s economy.

Participants may register for the entire two-day virtual summit, or pick the sessions of their choice, an opportunity offered for the first time. Registrations for the event are now open. For further information, please contact Niroshini on niroshini@chamber.lk or 0115588852; or Alikie on alikie@chamber.lk or 0115588805. (CCC)

 

 

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Central Bank’s policy rates decision to be driven by two options

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by Sanath Nanayakkare

The Central Bank will be reviewing its monetary policy stance on November 26. In this context, First Capital Research has put forward strong arguments both for and against an interest rate cut, in its Pre-Policy Analysis.

Making their argument against further relaxation in monetary policy First Capital said, “As a response to the measures taken by the government, private sector credit has improved to Rs. 87.4Bn in September while market liquidity reached Rs. 140 bn by 13th Nov indicating that there is surplus liquidity in the system. Moreover, the unemployment rate, which was at 5.7% in the 1Q2020 has declined to 5.4% in the second quarter. These indicators suggest that economic activity has remained steady without much deterioration in the 2Q. Except the GDP growth numbers, where the 2Q2020 figures are yet to be seen, other indicators are signifying a recovery, inquiring the need of further policy easing at the upcoming review”.

“In response to previous monetary easing measures implemented by CBSL, to bring down costs of borrowing of businesses and households, both market deposit and lending rates adjusted notably so far during the year. AWPR declined to historic lows in recent weeks, while banks’ lending rates also witnessed a downward adjustment in line with CBSL’s expectations. We believe that considering the recovery in the private credit and historic low levels in AWPR, there is no vital requirement for CBSL to provide a rate cut and to further bring down the market lending rates drastically”.

Their arguments for further relaxation in monetary policy was: “A thrust for development is the need of the current government. We estimate that Sri Lanka’s GDP would see its steepest contraction in history of -5.8% in 2020 following the unexpected contraction in 1Q GDP growth of -1.6% while 2Q GDP figures are yet to be seen. However, the government’s key drive is the development oriented economic growth which was spelt out through the budget 2021 as well. Accordingly, the government plans to reach 6% and above GDP growth during the next 5 years commencing from 2021. As we believe, a development-oriented budget coupled with further low interest rate environment can support the government’s medium-term goals. Therefore, the need to accelerate the GDP growth can be considered as a major factor favouring further policy easing at the upcoming review.”

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