FGV Holdings Berhad (FGV), Malaysia’s plantation and food conglomerate through its subsidiary firm Delima Oil Products Sdn Bhd (DOPSB) is planning to expand its downstream segment across the Asia-Pacific region. FGV has launched three new plant-based industrial...
Swedish furniture giant IKEA is on track to open its largest store in the world in Manila in the 3rd or 4th quarter of 2021. Towards the end of February 2021, it had already put up its iconic logo at the storefront of its Philippine flagship store at the Mall of Asia...
In 2020, Indonesia’s food delivery service accounted for USD 3.7 billion in Gross Merchandise Value (GMV), making it the largest market in the region. Overall, the region’s GMV registered a 183% increase from previous year and exceeding the 91% growth rate from 2018 –...
Grab, South East Asia’s largest mobile technology company, and AS Watson, the world’s largest international health and beauty retailer, will collaborate across multiple services to expand Watsons’ online reach in South East Asia. The new partnership...
The Thailand Board of Investment (BOI) has revealed that in 2020 the country received a total of 1,717 applications from both local and foreign investors, representing a combined investment value of THB 481.1 billion (USD 16 billion). Japan led the FDI flow, followed...
Vietnamese dairy giant Vinamilk successfully exported ten containers of high-quality plant-based milk during the opening weeks of 2021, including almond and red bean soymilk, which can already be found on the shelves of convenience stores in the Chinese market. It has...
Nestlé Indonesia has signed a partnership agreement with Plug and Play, a global innovation platform headquartered in Silicon Valley. Through the partnership, Nestlé will be able to tap into Plug and Play’s innovation expertise and ecosystem of startups, corporations...
To serve the rising demands and penetrate the e-commerce market, Nestlé has announced its investment strategy for long-term growth, investing over THB 4.5 billion (USD 150 million) to expand production in Thailand. Production will be boosted at three factories that...
Majlis Ugama Islam Singapura, or MUIS, the sole authority on issuing and regulating certifications for local halal F&B products in Singapore, has highlighted the need for halal food firms to be consistent in their documentation, especially when exporting to...
Consumer electronics company Acer opened its first-ever flagship store in the Philippines at the SM Megamall Cyberzone in January 15, 2021. As Acer’s largest store in the country to date, it features the best products from Acer and Predator brands, intricately...
Japanese retail group AEON is set to invest USD 2 billion in Vietnam. Iwamura Yasutsugu, Aeon Mall Vietnam Director General, told local media that the company plans to use the funds to open up to 20 mega supermarkets in the country by 2021. Currently, besides the mega...
FGV Dairy Farm Sdn Bhd, a subsidiary of plantation conglomerate FGV Holdings, is expanding its milk production capacity through an integrated dairy farm and an increase in the number of imported dairy cattle. The production capacity expansion is aimed at meeting the...
