In response to the disruption caused by the COVID-19 pandemic, the Singapore Food Agency is actively seeking new suppliers to diversify food sources in order to ensure greater food security for the island nation. One such agreement was reached with Poland to enhance...
Goyo Food Industry Co, a Japanese frozen confectionery maker, has decided to start producing frozen cakes in Thailand, in partnership with a domestic manufacturer, to answer growing demand from local consumers. This will be the first time that the company based in...
Thai retail conglomerate, Central Group plans to expand its presence in Vietnam through its Central Retail subsidiary, aiming to cover around 90% of Vietnam’s provinces in the next five years. Central Retail at the moment operates 35 malls and around 230...
A survey conducted by Redseer, a management consulting company, reveals that the COVID-19 pandemic has a positive impact on the e-commerce sector in Indonesia. The e-commerce platforms have welcomed a new cohort of consumers who were accustomed to shopping in stores...
Malaysian telecommunications, media and technology solutions provider, Green Packet Bhd has collaborated with Five Petroleum Malaysia Sdn Bhd (FIVE) to launch the country’s first artificial intelligence (AI)-powered petrol stations. The partnership will utilize Green...
The Department of Trade and Industry (DTI), in commemoration of the 20th year of Republic Act 8792 or the Electronic Commerce Act of 2000, has committed to implement policies to strengthen and grow e-commerce in the country while supporting current legislative...
CapitaLand, the operator of Singapore’s largest mall network, launched an e-commerce platform eCapitaMall in June, as well as an online food ordering platform Capita3Eats, to complement its existing physical presence through shopping malls. The company announced that...
Nike Thailand has opened a flagship store, spanning more than 9000 sqft., in Bangkok’s Siam Center. The store will showcase Nike’s product innovation, through digital and physical channels, across multiple categories and offer the brand’s first “Nike By You” in-store...
Vietnamese dairy market leader, Vinamilk and packaged food producer, Kido Group Corporation signed a memorandum of understanding (MOU) in June 2020 to set up a joint venture, Vinamilk-Kido Beverage Joint Venture Company Ltd (Vibev). Vinamilk will own 51% and KDC...
Iuiga, the Singapore-based homewares retailer announced that it has received SGD 10 million (USD 7 million) in Series A funding from Indonesian conglomerate, Konimex. The funds are supposed to be used for the retailer to expand its current operations in the Indonesian...
FGV Holdings Bhd (FGV), one of the world’s largest producers of crude palm oil (CPO), has ventured into the local food and beverage industry in Malaysia through its subsidiary FGV Dairy Farm Sdn Bhd’s acquisition of RedAgri Sdn Bhd. This marks FGV’s first foray into...
Philippines-based Jollibee Foods Corporation (JFC), one of Asia’s largest food service companies disclosed that it is going to spend PHP 7 billion (USD 138.1 million) to implement significant changes to its global business structure. The planned changes will...
