Food & Beverage
ComfortDelGro launches food delivery service
ComfortDelGro launches food delivery service
Deliveries are charged at a distance-based rate starting at $6.5.
Daily Briefing: Temasek denies claim that CEO earns $100m a year; Pandemic heightens importance of food security, says experts
And remittance firm TranSwap in talks to close US$5-10m funding round.
Investing in the food revolution in Singapore and beyond
Food, besides being the main source of energy for humans, is one of the best ways to propagate one’s culture to the rest of the world and unify people...
Deliveroo sign-ups surged 50% in March
Restaurants turn to delivery to help prevent transmission of COVID-19. Deliveroo saw a 50% MoM jump in restaurant sign-ups as of 1 March, a press...
BreadTalk seeks approval to waive breach of $100m notes
It would like to change the Consolidated Tangible Net Worth covenant to not less than $50m.
Coffee spending to rise 8.2% to $2.2b by 2024 in Indonesia
Rising middle class and the new levy on sweetened products will boost its demand.
SATS cuts board and executives' pay
President and CEO Alexander Hungate's salary was cut by 15%.
Daily Briefing: About 14,000 hawkers to get rental fees waived; NEA introduces Deposit Refund Scheme for beverage containers
And logistics startup Moovaz raised an undisclosed series A funding from SC Angels.
CapitaLand refutes RAS' claims on dented rental relief packages
The company is giving up to 30% in rental rebates for its downtown mall tenants.
RAS calls out lack of rental rebates for F&B businesses
It cited CapitaLand which only offered a 10% rebate instead of the promised 50%.
SATS acquires UK-based Monty's Bakehouse for $48.4m
Monty’s Bakehouse will become a wholly-owned subsidiary of SATS.
BreadTalk waits on notice to repay notes in financial covenant breach
The covenant involves $100m 4% fixed rate notes.
Deliveroo's orders grew 20% amidst COVID-19 outbreak
In 2019, orders on the platform surged 50% YoY.
Souring Vietnam sentiments on beer may hit ThaiBev
The country’s new anti-drunk driving law took its toll on Sabeco’s beer volumes.
ThaiBev's Q1 profit up 14% to $375.63m
Net profit of its beer business skyrocketed 158.4% YoY.
60% of F&B businesses are not prepared for COVID-19
Restaurants are expecting revenue to be halved in the next three months.
RAS urges landlords to ease F&B rents
Jewel Changi was the first to respond, as they will cut rents by 50%.
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