At Everstone, he will oversee QSR investments of F&B Asia that owns and operates several marquee brands such as Burger King (India and Indonesia), and Domino’s (Indonesia). Food and beverage (F&B) industry veteran Ajay Kaul has joined Everstone Group as Senior Director to support growth in the Quick Service Restaurant[Read More…]
Country
Singapore researcher wins Rice Scientist award
Last year, Dr Yin was part of the team that contributed seven varieties of Singaporean rice seeds to the Norwegian Svalbard Global Seed Vault, a secure seed facility. Dr Yin Zhongchao, 50, was named the Outstanding Rice Scientist of Singapore at the Association of South-east Asian Nations (Asean) Rice Science[Read More…]
Shanghai to be a model city in food safety
Food surveillance systems have been installed at over 170 food businesses. Shanghai is working towards becoming a national food safety model city. A self-evaluation is to be submitted to the Food Safety Commission of the State Council early next year in terms of fulfilling 90 requirements made up from international[Read More…]
CP Foods H1 profits up despite livestock pressure
CP Foods booked a 10.5 per cent rise in revenue to THB245.59 billion. Charoen Pokphand Foods, the Thailand-based meat and seafood group, saw its earnings in the first half of the year rise despite a sharp fall in segment profits from its livestock division. The company posted profit for the[Read More…]
Thai Beverage buys up KFC Thailand restaurants
For Thai Beverage, the KFC deal is a bid to seize on the popularity of chicken in Asia. Thai Beverage, the spirits giant that makes Chang beer and SangSom rum, is expanding into the fast-food business. ThaiBev agreed to purchase more than 240 existing KFC restaurants in Thailand for about[Read More…]
Detmold to buy Heshan Innopak in China
The company will take over the Innopak operations and continue to manufacture at both sites. Australian packaging giant Detmold Group has reached an agreement with US-based Novolex to buy Heshan Innopak Co. Ltd. The transaction is expected to be completed by the end of August. Heshan Innopak is a subsidiary[Read More…]
Sanyuan and Fosun to acquire St- Hubert management
The proposed acquisition introduces healthy and innovative foods into China and is aligned with the government’s policy to support and drive technological innovation. Beijing Sanyuan Foods Co. and Fosun Group have agreed to jointly acquire Brassica TopCo and PPN Management, the controlling shareholders of St- Hubert. The healthy food company,[Read More…]
Thailand introduces new sugar tax
Though no tax has been specified yet, it will be based on how much sugar a drink contains. Thailand will phase in a sugar tax over six years in a bid to help drinks manufacturers to lower their sugar content and take advantage of a simultaneous lowering of tax on[Read More…]
Singapore and South Australia collaborate for functional food innovation
The two organization have signed a MoU to promote business and share understanding. Singapore’s government enterprise body SPRING is joining forces with economic development agency Primary Industries and Regions South Australia (PIRSA) to collaborate on functional food innovation. The two organization have signed a MoU to promote business and share[Read More…]
Ecolab plans to expand food business
The company is planning to set up a production base in northern China, but no specific city has yet been shortlisted. Shanghai-based Ecolab China is planning to expand its food safety business from southern China to the northern part of the country as consumption gets upgraded nationwide, presenting new opportunities.[Read More…]
