Food & Beverage
Singapore's sole 3-Michelin star resto closes shop
High-end restaurants could be losing popularity.
BreadTalk ventures into tea business through Chinese partner
It will offer Pindao's tea products Nayuki and Tai Gai.
Can the World Cup kick ThaiBev's alcohol business back into action?
The company expects consumption recovery due to match timings for Asian viewers.
Wine retailers go online to tap into Singapore's US$1.4b market
One retailer reported 25,000 orders and a revenue of $4m in Singapore.
ThaiBev half-year profits down 35% to $387.25m
The weak performance of its spirits and beer businesses pulled profits down.
Wine market could grow to US$1.4b in 2021
A forecast shows that it could be boosted by still wine, followed by sparkling and fortified wines.
Weakness looms for ThaiBev's earnings as Thailand stays sober
Beer production in the country continued its rate of decline at -5%.
Fraser and Neave profits jumped to $15.39m in Q2
But its publishing segment continued to suffer as losses widened to $8.4m.
Fraser and Neave buys 4.42% stake in Tsit Wing for $9.95m
They will also explore business opportunities for beverages.
Singapore launches B2B app and digital system for F&B companies
It said these will help firms to get new overseas opportunities.
Deliveroo launches second Editions kitchen in Lavender
It partnered with seven F&B stores that will cook food exclusively on the kitchen site.
ThaiBev representatives joined Sabeco board
Stakeholders voted to include three ThaiBev representatives in Sabeco's board.
Daily Briefing: GIC co-buys 'Salt Bae' steakhouse for $1.6b; Tariff threats dent Singapore business policy certainty
And guess which development in Paya Lebar Quarter has sold 149 units over two days.
Will GrabFood devour Singapore's food delivery companies?
Uber EATS will move into GrabFood’s platform soon, and some think foodpanda, honestbee, and Deliveroo should be worried.
ThaiBev issues $2.1b debentures to refinance Sabeco debt
Analysts think its average coupon rate of 2.83% per annum and average tenor of just over six years is attractive.
foodpanda blends popular brands in Woodlands Avenue satellite kitchen
It will combine nine brands including Coca-Cola, Nene Chicken, and Ben & Jerry’s in one place.
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