The firm incurred acquisition costs of 2.35 billion baht from the four deals it completed in the quarter which sent net profits down in the first quarter. Thai spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (US $ 122 million), down 62.3 percent[Read More…]
Country
India leads the packaged tea market in 2017, followed by China
While India is the leading market for retail volume sales globally, Turkey takes the lead when it comes to per capita consumption. According to a research by market intelligence agency Mintel, India was the world’s largest packaged tea market in 2017, consuming a total volume of 678,200 tonnes worth of packaged[Read More…]
AB InBev’s ZX Ventures opens craft brewery in China
The facility represents AB InBev’s first dedicated craft beer facility in Asia. AB InBev’s venture capital division ZX Ventures has announced the opening of a new craft brewery in Wuhan, China in order to tap into the growing market for premium beers in the country. The facility represents AB InBev’s[Read More…]
I-Mei Foods signs agreement with Lohas Biotech
The agreement was signed and exchanged between I-Mei Foods General Manager Luis Ko and Lohas Biotech Chairman Jian Ming-ren. I-Mei Foods and Lohas Biotech jointly hosted a press conference in Taipei to sign an agreement for future cooperation on development of food products made from the Shampignon mushrooms. The agreement[Read More…]
Singapore consortium to promote membrane technology for food sector
Companies who join the consortium will get to manufacture, assemble and test membranes at the facilities of research institutes in Singapore. The National Research Foundation (NRF) has launched a national consortium, Singapore National Membrane Consortium (SG-MEM) to spur research and adoption of membrane technology into food and beverage areas. Companies who[Read More…]
Burger King opens biggest outlet in Singapore
The restaurant also features running tracks and individual self-ordering pods. Singapore – Fast-food chain Burger King recently opened its biggest outlet in Singapore in Bedok. The 239-seat restaurant at Heartbeat@Bedok, which sprawls over 5,281 sq ft, features a quiet study corner with electric plugs and free Wi-Fi. The outlet was designed to[Read More…]
Industry responds to Indian Union Budget 2018
The Union Budget 2017-18 is on expected lines and is focused on improving the quality of life in Rural India. “Bharat, or Rural India, has been the key focus of Finance Minister Mr. Arun Jaitley’s Union Budget for 2018-19. It presses all the right buttons and ticks all the right[Read More…]
Researchers in Singapore use broccoli for beating bowel cancer
The team has developed a probiotic using a genetically engineered version of E. coli Nissle, a harmless Gram-negative strain of bacteria found in the gut. Researchers at National University of Singapore (NUS) have turned a humble cocktail of bacteria and vegetables into a targeted system that seeks out and kills colorectal[Read More…]
Taiwan’s popular flame-grilled beef cubes arrive in Singapore
Stalls selling this snack have become a staple in nearly every Taiwanese night market in recent years. Fans of Taiwan’s popular flame-grilled beef cubes can soon get a taste of this street food favourite in Singapore. Two young Singaporeans are opening Huoyanshaiziniu – the name is the hanyu pinyin phrase for[Read More…]
Singapore team develops skin patch to reduce fat
The amount of drugs used in the patch is much less than those used in oral medication or an injected dose. A team of scientists from Nanyang Technological University (NTU), Singapore have developed an innovative skin patch to reduce tummy fat and thus address the problem of obesity. The new[Read More…]
