Taco Bell – the world-renowned Mexican-inspired quick service restaurant (QSR) – officially opened its doors to the public in Indonesia on December 18, 2020, with the opening of its branch in Jakarta. This also marks the restaurant’s first flagship location in the...
US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd (MFM). The transaction, worth MYR 420 million (USD 104 million), is subject to approval by the...
In light of the ongoing African Swine Fever (ASF) outbreak in the Philippines that has dramatically diminished the supply of pork for the domestic market, Philippine President Rodrigo Duterte has allowed additional pork imports to address the supply shortfall and...
Thai beer and liquor giant, Thai Beverage (ThaiBev), plans to spin off and list its regional brewery unit, BeerCo, on the Singapore Exchange (SGX) mainboard. In a regulatory filing in early February, ThaiBev said that it has received a no-objection letter from SGX for...
Among South East Asian countries, Thailand is the largest producer and exporter of dairy products. In producing these items, Thailand is import-dependent for raw materials due to insufficient domestic raw milk supply. Half of the country’s dairy imports are sourced...
Japan’s second-largest fast food franchise, MOS Burger, will open its first store in Ho Chi Minh City later in 2021. The company plans to set up a joint venture in the country within this year and open 10 outlets in the next three years. The burger brand is already...
