Food & Beverage
Zhongxin Fruit and Juice expects higher net profit in H2 2024
Zhongxin Fruit and Juice expects higher net profit in H2 2024
The company attributes this to a substantial increase in total sales volume.
8 hours ago
Over 1 in 10 S’poreans replace meals with snacks: report
This trend is due to changing dietary preferences and consumer purchases.
1 day ago
United Food Holdings to complete exit offer by March
The company will be delisted from the SGX.
Premium grocery market rebounds with shifting F&B trends
DFI and Sheng Siong may benefit from an uptick in grocery spending.
New Food and Safety Bill expands MOH authority for public health promotion
This will enable MOH to independently enforce regulations targeting public health issues.
Zixin Group clinches first probiotic-infused fermented sweet potato feedstock order
The order consists of approximately 1,080 tonnes of feedstock.
CCCS OKs beverage container return scheme
Beverages in plastic and metal containers will have a refundable deposit of $0.10.
F&B sales fall 2.0% MoM in November despite 3.9% YoY growth
Three industries reported MoM declines.
Consumer sector faces mixed prospects despite brighter FY25F outlook
It cited SSG and THBEV as top picks, with potential upside driven by improved revenue momentum.
Chinese fine dining finds its next course in Singapore
The city-state’s high spending power and big Chinese commune make it an ideal entry point.
F&B sales rise 3.9% YoY to $997m in October
All F&B segments recorded MoM growth.
Pang Pok steps down as GS Holdings CEO
He will be succeeded by the newly appointed acting CEO Loo Hee Guan.
Singapore waives permit for restaurants to allow pets in outdoor dining areas
About 40 restaurants are expected to benefit from this move.
Jumbo Group net profit hit by 8.8% YoY rise in expenses
Net profit declined to $13.7m in FY2024.
Envictus posts $15.3m net profit in 2024
This is a turnaround from a net loss of $9.9m in FY 2023.
foodpanda Singapore appoints Aditi Sharma as managing director
She has 15 years of experience in technology, consulting, and e-commerce.
Kimly’s net profit drops by 6.8% to $31.7m in FY 2024
It was due to a drop in other operating income.
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Commentary
Adapting to changing consumer needs in an evolving property market