The Philippine Center for Postharvest Development and Mechanization (PHilMech) announced that it is in the process of bidding and acquiring farm machines worth PHP 3 billion (USD 61.9 million) under the Rice Competitiveness Enhancement Fund (RCEF) which collects...
To ramp up local food production, the Singapore Food Agency (SFA) announced that the Lim Chu Kang area, a largely undeveloped area in north-west Singapore, will be developed into a high-tech, highly productive, and resource-efficient agri-food cluster. The master...
Thailand-based full-service e-commerce logistics provider Flash Express announced that it has completed a Series D funding round of USD 200 million, led by PTT Oil and Retail Business Public Company Limited with participation from Durbell and Krungsri Finnovate. Flash...
Mondelez Philippines announced that it is expanding its snack products portfolio by entering the fast-growing and high-penetration cracker segment of the biscuits category in the Philippines. Traditionally, Mondelez Philippines’ growth has been led by the Powdered...
Vietnamese dairy giant Vinamilk has announced plans to increase its investment in Lao-Jagro, its Laotian subsidiary, by USD 41 million. The funds will be used to complete a hi-tech organic dairy farm in the northern province of Xiangkhouang with 4,000 cows and also...
Mastercard has formed an alliance with N-Frnds, SGeBIZ and Finastra, with support from the Asian Development Bank (ADB), to create technology solutions for the retail supply chain and increase wholesalers’ access to credit in Asia. The collaborative solution would...
Anytime Fitness Asia (AFA), the regional master franchisee of the Anytime Fitness brand headquartered in Minnesota, USA, is planning to set up 100 more gyms in Malaysia in three to four years, to add to its existing 29 gyms. The company anticipates that Malaysia...
The Singaporean food and beverage (F&B) sector continued to show signs of recovery in the first half of this year despite the COVID-19 outbreak. New F&B openings were established to seize the opportunities turned up by the pandemic, such as diminished...
DKSH Thailand has become Uhrenholt’s official partner to promote the signature Emborg brand of dairy products across Thailand. The target of this partnership is to introduce the Danish company’s portfolio of shredded cheese, processed cheese, butter and spread, cream,...
Since 2019 a total of 116 investment promotion applications for food processing and drinks manufacturing projects in Thailand have been registered, totaling USD 600 million according to data from the Thailand Board of Investment (BOI). For the first half of 2020,...
Vietnam’s leading nutrition group NutiFood is collaborating with American nutrition group DuPont to research on probiotic and litesse for a FDI (Foundation of Digestion & Immunity) formula. DuPont, an American nutrition and bioscience group with more than...
The venture capital platform Coca-Cola’s Amatil X has participated in Series A investment for Wahyoo, a Jakarta-based start-up that provides value added services to small eateries. The investment will be used to fund company’s expansion beyond Greater Jakarta area and...
