Food & Beverage
Daily Briefing: EDB unveils new startup programme; NEA and SkillsFuture Singapore launches Hawkers' Development Programme
And a third of businesses plan to restructure amidst trade disputes.
Daily Briefing: EDB unveils new startup programme; NEA and SkillsFuture Singapore launches Hawkers' Development Programme
And a third of businesses plan to restructure amidst trade disputes.
How Ai Palette can solve the FMCG scene's multi-billion problem
Success rate of FMCG product launches is less than 10%, incurring a US$40b annual loss globally.
GrabFood opens first cloud kitchen in Singapore
A self-pick up option for customers would soon be introduced.
Singapore's alcohol industry ranked 10th most attractive in Asia
The country’s alcohol spend per capita is set to increase by 2.7% per annum from 2019-2023.
ThaiBev denies selling its Vietnam business
Such claims from various media sources are said to be “false and without merit”.
New F&N Foods plant breaks ground at Tuas
It is expected to be completed in late 2021 at a cost of more than $80m.
BreadTalk ends joint venture with Indonesian partner
The JV was previously formed to operate Breadtalk’s coffee chain in Indonesia.
How long-time friendship evolved into a $10m food venture for the heartlands
Coffee Hive started in a dingy 500sqft space but has since grown into a multi-brand company with overseas prospects.
F&N's full-year profits jump 24.4% to $153.19m
Its dairies segment accounted for most of its revenue.
SATS profit down 7.6% $60.7m in Q2
Operating profit slid 1.5% no thanks to lower contributions from its food solutions business..
Chart of the Day: Check out the notable new store openings in Singapore in Q3
There were several notable F&B store openings amidst retail sales rising 2.2% in September.
Investcorp ties up with Chinese firms for US$500m food investment fund
Japanese soy sauce is a likely target of the fund.
foodpanda launches delivery for groceries
The platform is offering free delivery on all shops throughout November.
F&B startup Mobikon raises $11.28m in Series B funding
It seeks to be a data exchange platform following quarter-long trials.
Olam buys US almond manufacturer Hughson for $73.5m
Hughson is amongst the top five almond processors in California.
Fast food outlets generate 10% sales growth in Singapore
Total sales value of food & beverage services was estimated at $916m.
Wan Hao to serve Sri Lankan crab menu
New crab dishes include the Braised Crab with Green Chilli Sauce & Superior Stock.
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