Food & Beverage
First Resources profits down 54% to $40.54m in H1
First Resources profits down 54% to $40.54m in H1
Higher sales failed to fully offset the impact of weaker palm oil prices.
Olam International's profit sinks 34.5% to $61.49m in Q2
It blamed higher depreciation and amortisation, and finance costs.
No Signboard closes hawker-themed burger chain as losses pile up
The company expects a $500,000 impairment loss from the closure.
Fraser & Neave Q3 profits up 9% to $54.83m
Revenue from its dairies business grew 5.5% thanks to growth in its Thailand unit.
Charting the rise of wine investment in APAC
Investing in fine wine can help in hedging inflation risk.
Singapore hit by farm-to-market food losses worth $2.54b
393,000 tonnes of food loss occurs during upstream and midstream from imported foods and local farms.
Deliveroo Singapore revenue up 70% to $44.5m in 2018
This is mainly due to an investment of $20.7m from Deliveroo HQ for expansion purposes.
Lay Ann Ong assumes leadership as honestbee's new CEO
Meanwhile, Jonathan Low, the last of the co-founders, submitted his resignation effective 11 July.
Fresh off its IPO, ST Group looks to further sweeten Australia's dessert scene
CEO Tatt Ghee Saw talks about their newest Japanese concept.
Deliveroo opens Asia Pacific hub in Singapore to support regional operations
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
And logistics SaaS platform GoComet bags $3m in series A funding.
ST Group clinches $9.6m from IPO
The firm’s post-placement market cap is at approximately $64m.
ST Group prices IPO at $0.26 apiece
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
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
Fave bought takeaway apps CutQ and FoodTime.
Wilmar to buy Chinese yeast and bakery business with UK's ABF
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
And heavy demand met First Sponsor Group’s $147.6m rights issue.
Read Here
Advertise
Sign Up
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform