Food & Beverage
Wine market could grow to US$1.4b in 2021
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.
BreadTalk could spend $200m on its return to expansion phase
It wants to lift its net margin from 3% by expanding and partnering with other firms.
DairyFarm's new CEO shuts down lossmaking stores in Singapore
This is part of the strategy to revitalise Southeast Asian stores and hopefully, sweeten profits again.
DairyFarm profits down 13.97% to $532.62m in 2017
Operating profit for its businesses fell after recognising $84.48m of business change costs.
BreadTalk's 2017 profits jumped 91% to $21.85m
If it weren’t for gains from TripleOne Somerset, earnings would have been pulled down by a weak bakery division.
Dairy Farm net profit to hit $500m in 2017
Its strong sales in health and beauty division are likely to drive growth.
ThaiBev's net profit to fall 23.76% to $1.1b in 2018
No thanks to higher excise tax.
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