Food & Beverage

SATS to sell stake in healthcare food services unit for $1.02m
10 Jul 19
It will focus its efforts on its airline catering and ground handling services.
Deliveroo opens Asia Pacific hub in Singapore to support regional operations
10 Jul 19
It currently has close to 20 employees that will work on tasks like cross-border partnerships and recruitment.
Daily Briefing: GIC sounds caution as annualised real returns for 20 years hits 3.4%; ThaiBev buys Chinese coffee processing firm
3 Jul 19
And logistics SaaS platform GoComet bags $3m in series A funding.
ST Group clinches $9.6m from IPO
2 Jul 19
The firm’s post-placement market cap is at approximately $64m.
ST Group prices IPO at $0.26 apiece
28 Jun 19
Its proceeds will fund the expansion of its franchise network and establishment of a new central kitchen in Malaysia.
Here's why ThaiBev's turnaround may already be in the works
14 Jun 19
A rebound in beer consumption and retail sales bodes well for the second largest Thai beer player.
Fave acquisition intensifies mobile food ordering competition: Waitrr
7 Jun 19
Fave bought takeaway apps CutQ and FoodTime.
Wilmar to buy Chinese yeast and bakery business with UK's ABF
4 Jun 19
The firms will construct a new yeast plant in Qiqihar City.
Daily Briefing: Housing loans shrink for third straight month in April; Over 270 F&B outlets to phase out straws by July
3 Jun 19
And heavy demand met First Sponsor Group’s $147.6m rights issue.
Food factories are eating up Singapore's industrial space
30 May 19
Over 630,000 sqft of food factory space came on-stream in 2019 YTD.
F&N and Maxim's Caterers to acquire Starbucks Thailand
24 May 19
The deal is expected to be completed by the end of May.
honestbee to hit the brakes on food delivery services on 20 May
15 May 19
About 400 delivery partners will be affected.
Temasek joins Impossible Foods' US$300m Series E funding round
14 May 19
The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.
ThaiBev profit surges 40% to $570.3m in H1
13 May 19
Its food business saw the highest revenue increase to $163.3m in Q2.
BreadTalk Group's profits up 11.5% to $1.32m in Q1
7 May 19
Its restaurant division’s revenue rose 9.8% YoY to $40.5m.
Fraser & Neave profits jumped 81% to $73.82m in H1 2019
2 May 19
It was boosted by its Thai dairies business and Singapore soft drinks unit.
No Signboard CEO arrested over share buyback probe
2 May 19
Shares have been bought above the regulatory limit for buybacks.
Olam International bids $489.99m for Nigeria-based Dangote Flour
24 Apr 19
The acquisition could pull Dangote Flour out of the Nigerian Stock Exchange.
Daily Briefing: Grab to inject GrabFood into ride-hailing app; UOB bags $242m loan for Japan buy
17 Apr 19
And MOM eyes broadening its Adapt and Grow initiative.
BreadTalk Group to buy stake in Thai plastic bottle manufacturer for $24.26m
11 Apr 19
The acquisition will provide access to Thailand and Mekong region markets.
Daily Briefing: Vietnamese challenger threatens Olam's cashew dominance; Carousell to buy Philippine online marketplace OLX
11 Apr 19
And a commercial building in Joo Chiat Road is up for sale at $20m.
ThaiBev arm forms two new joint venture firms
8 Apr 19
It will also acquire the operator for Genki Sushi’s franchised business in Thailand.
GrabFood eyes analytics, business intelligence for partners as it vies for superapp status
8 Apr 19
GrabFood head Tomaso Rodriguez details his vision for the food delivery app.
F&B arena heats up as malls mix up tenant offerings: analyst
5 Apr 19
The advent of delivery apps has also become a double-edged sword for F&B players.
Daily Briefing: Malaysia asks for six-month extension to clarify stance on RTS project; Validus Capital and Lighthouse Canton reopen trade finance fund
5 Apr 19
And Singapore-based F&B startup Waitrr partners with Nest Tech to boost its international expansion.
Deliveroo adds $302.7m in revenue to Singapore's economy: report
4 Apr 19
It provided 5,000 jobs across the Lion City’s F&B sector.
Chart of the Day: Tightening DRC could slash food services' earnings by 2.2%
28 Mar 19
Staff costs are projected to rise 10% in 2020 and 2021.
Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex
27 Mar 19
For food retailers, staff costs are typically 10-12% of sales and 42% of total opex.
foodpanda allows customers to earn KrisFlyer miles when ordering
25 Mar 19
KrisFlyer miles will be credited into users’ account within six weeks after each successful order.
ThaiBev launches luxury InverHouse whisky portfolio
22 Mar 19
The offerings focus on Ready to Drink spirits like the Kulov Max 7 vodka.
Dairy Farm's profits may edge up 11% over the next three years: analyst
20 Mar 19
Growth could be driven by higher contributions from its health & beauty division and associates.
Inside Deliveroo's futuristic food market
20 Mar 19
The site features a fully-automated ordering experience and 40-seater dine-in space.
Impossible Foods to debut in Singapore
27 Feb 19
Their products will be offered in eight restaurants including Adrift, Bread Street Kitchen and CUT.
Infant formula market dries up as mothers return to breastfeeding: report
26 Feb 19
Nine in 10 mothers in Singapore engaged in either partial or full breastfeeding in 2018.
BreadTalk Group buys out Thai partner
20 Feb 19
BreadTalk has planned to buy out its joint venture partner in Thailand for $7m.
Chart of the Day: Top five F&B stocks hit average returns of 19.9% in January
19 Feb 19
ThaiBev's returns soared to 35.5% YTD.
ThaiBev Q1 profits ballooned 150.7% to $322.23m
18 Feb 19
The Thai economy continued to seal growth amidst the rise in private consumption.
Deliveroo targets nearly 10,000 restaurants in bid for foodtech supremacy
18 Feb 19
The food delivery firm is beefing up its logistics network by adding 5,000 restaurant partners and 2,000 riders.
ThaiBev rides on holiday cheer as Q1 profits set to rise 11%
14 Feb 19
Its SABECO operations continue to show positive results after completing its restructure process.
F&B firm TSH Corporation debuts on SGX Catalist
12 Feb 19
It opened at $0.038 apiece.

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Nov 26
Malaysia Technology Excellence Awards 2019
Kuala Lumpur, Malaysia
Nov 28
SBR Made in Singapore Awards and Designed in Singapore Awards 2019
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