Food & Beverage
SFA suspends Abu Mubarak Mandi Rice licence over hygiene violations
The food operator is suspended for two weeks.
The Wok People, Cheers launch first unmanned convenience store
The store operates 24/7 in the UMC Singapore staff cafeteria.
FIH lodges preliminary offer document for SGX listing, IPO
IPO proceeds will fund overseas expansion and acquire rights for new themed restaurants in Japan.
Grocery shoppers turn to house brands as food prices rise
Nine in 10 shoppers have bought house brands in the last 12 months.
F&B profits “erode” as customer pool stagnates
The number of new F&B establishments was unmatched by the growth of tourists and locals.
United Food Holdings faces delisting by SGX, exit offer to follow
The company has been on the Watch-list since 2019.
Food Empire secures US$40m investment from Ikhlas Capital
In exchange, Food Empire will issue 5-year redeemable exchangeable notes.
RE&S Holdings net profit dips by 0.7% YoY in FY 2024
Earnings per share also decreased to $0.021.
Food Empire net profit drops by 12.8% in H1 2024
This was due to profit depreciation in the Russian market.
Currency woes drag Delfi Limited’s PATMI down 22.3%
PATMI for the period was US$19.6m.
SFA lifts Pu Tien Services suspension after ByteDance food poisoning incident
The incident caused 17 hospitalisations.
Singapore and Indonesia sign halal certification recognition pact
Singapore is the third country to sign such an agreement with Indonesia.
Gardenia maker QAF Limited sees 154% PATMI increase as tax costs decrease
Income tax expense dropped 28% YoY to $1.7m to $.4.4m in H1.
ThaiBev posts 2.2% YoY rise in EBITDA driven by segment gains
EBITDA for the period was ฿38.6b ($1.5b).
Singapore greenlights law to facilitate surplus food donation to reduce waste
Donors will be protected by the law, given they comply with safety and hygiene rules.
Fraser and Neave profit rises 37.3% YoY to $123M in 9M 2024
Its F&B segment helped boost its profit.
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