Food & Beverage

Food and beverage services sales crash 24.7%
8 Mar 21
Online food and beverage sales increase.
Daily Briefing: Plant-based meat startup Next Gen raises $13.28m; Two adjoining sites at Still Road, Koon Seng Road on sale for $21m
26 Feb 21
And government adopts calibrated approach in balancing heritage preservation.
17 food and drinks outlets penalized for safety breaches
25 Feb 21
These establishments have broken safety and crowd management measures during the Lunar New Year period.
Meatsmith Doha restaurant launched in Qatar
24 Feb 21
The restaurant is open seven days a week.
Koufu profit slumps by 65.4% in 2020
24 Feb 21
The food and beverage giant's income fell as the pandemic forced people to eat at home.
Daily Briefing: More hawkers go digital; SGX pursues plan to list SPACs; Graduates struggle to find employment
19 Feb 21
And Graduates struggle to find employment.
SATS unveils contactless dining experience
19 Feb 21
Diners can pre-order popular dishes through a mobile website.
airasia food launches in Singapore
19 Feb 21
The food delivery service starts in March.
SATS records $2.8m net loss in Q3
11 Feb 21
This is despite a net profit of $59.3m the previous year.
ThaiBev sells 20% stake in regional beer business in SGX listing
5 Feb 21
The shares would be sold by its indirect wholly owned subsidiary BeerCo Limited.
US-based Impossible Foods reveals price cuts for Singapore retailers
4 Feb 21
The price reduction was driven by a surge in sales and production.
Vegan ice cream startup Kind Kones raised $1m in seed funding
18 Jan 21
DSG Consumer Partners stood as lead investor.
Singapore food tech startup Advantir raised 7-figure seed funding
15 Jan 21
Raging Bull Investments led the undisclosed funding.
NUS team reveals new probiotic coffee, tea
11 Jan 21
The team aims to commercialise the coffee recipe with industry partners.
Daily Briefing: Bars, pubs reopen under pilot programme; Learning platform C-suite raises six-figure seed funding
9 Dec 20
And Waterloo Street vendors cite new lots’ size, location as main concerns.
F&B, tourism sectors score high in customer loyalty
3 Dec 20
A total of 2,500 customers from both sectors were surveyed.
Daily Briefing: SG approves sale of lab-grown meat in world first; Safety rules for new food inventions as demand for meat substitutes grows
3 Dec 20
And Davos may move to SG as WEF holds talks on 2021 location.
Pizza Hut donates 1,100 pizzas to migrant workers
24 Nov 20
The pizzas were delivered to migrant worker dormitories across the country.
SATS posts $33.2m loss in Q2
13 Nov 20
Outlook remains tough with travel restricted; group says it's ready to assist vaccine distribution.
$6.8m Digital Resilience Bonus bolsters food services and retail industry
10 Nov 20
The DRB payouts are used to support the digitalisation of SMEs.
Japan Foods profit plummets 80%, halts expansion plans
5 Nov 20
The company has been significantly impacted by the pandemic.
Daily Briefing: No takers for 1,000 F&B jobs; Construction contract deadlines extended by 4 months
4 Nov 20
And COE prices close lower in latest bidding exercise.
Retail, F&B sales decline in August: SingStat
6 Oct 20
While retail sales improved since July, F&B services sales declined further.
Super Foods Peru to conquer the Asian market
9 Sep 20
The brand aims to promote its agricultural products through multiple projects, including a collaboration with Singaporean retailers....
Grab to roll out Hawker Centre 2.0 in 16 new locations
1 Sep 20
The expansion came after a successful pilot programme at AMK 724 food centre.
Changi Airport rolls out new F&B delivery service
1 Sep 20
Around 30 other F&B outlets are in the Changi Eats platform.
Deliveroo e-gift cards sales skyrocket 300%
31 Aug 20
The surge is driven by firms granting incentives for remote staff.
Koufu launches milk tea brands in the Philippines
25 Aug 20
A Philippine pizza chain will manage the brands under a master franchise agreement.
foodpanda pilots drone delivery
17 Aug 20
The trial revealed that they can complete deliveries in less than 15 minutes.
Koufu Group's profits plunged 82% to $2.54m in H1
12 Aug 20
Its outlet and mall management segment saw lower fixed and variable rental income.
Koufu acquires dough manufacturer Deli Asia for $22m
5 Aug 20
The acquisition is aimed to accelerate Koufu’s diversification of its business network.
7 out of 10 local live stream purchases are food-related
22 Jul 20
People have been purchasing food items online including bubble tea, seafood, and other meats.
UOB, digital firm Getz to help F&B merchants build online presence
16 Jul 20
Merchants will also need to pay capped transaction fees.
Karana closes $2.37m seed funding
13 Jul 20
This will be used to fund its whole-plant-based meats and dim sum products in Singapore.
SATS' profit down 32.2% to $168.4m in FY2020
10 Jul 20
Its Q4 profit plunged 112.6% on the back of lower revenue for gateway services.
Olam unit secures samurai loan facility of $324.08m
9 Jul 20
Olam Treasury aims to refinance existing loans and general corporate purposes.
Changi Airport and Jewel stores and attractions reopen
6 Jul 20
Contactless payments and takeaways were implemented.
Japfa completes 25% stake sale in AustAsia to Meiji for $354.28m
6 Jul 20
It will continue to own 75% stake in AustAsia.
ST Group to launch 10 F&B outlets
25 Jun 20
Three outlets will be opened in Australia, five in New Zealand, and two in the UK.
TiffinLabs onboards 1,000 smart kitchens globally
23 Jun 20
The kitchens will start rolling out progressively from Q4 of this year.

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