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...
Singapore-based Ninja Van recently became one of South East Asia’s best funded startups when it raised USD 279 million in Series D funding round amid COVID-19. Launched in 2014, Ninja Van to date has become the region’s largest and fastest-growing...
In order to keep their businesses running amid the Covid-19 outbreak, retailers in Thailand are experimenting with a mix of alternative sales strategies like drive-through and calling up customers directly. Using such methods, Central Retail Corporation Pcl (CRC),...
The Vietnam Industry Research and Consultancy (VIRAC) forecasts that the dairy industry will continue to grow in 2020, with increasing investment in dairy farms to reduce dependence on imported milk and to meet domestic consumption needs. The goal for 2020 is to...
Singapore’s Aice Group has opened up a second ice cream factory at the Ngoro Industrial Park, located in Mojokerto, East Java, Indonesia. The 44,152 m2 facility is the largest of its kind in South East Asia. The plant, which costed USD 50 million, will have 14...
Biotech company Holista Biotech Sdn Bhd, a wholly-owned subsidiary of Australia-based Holista CollTech Ltd, has signed a five-year agreement with Rex Industry Berhad, one of Malaysia’s largest food and beverage manufacturers, for the supply of its 80Less...
Grab, the leading ride-hailing platform in South East Asia which also offers food delivery and digital payment services, officially launched its on-demand grocery delivery service called GrabMart in the Philippines that aims to help bring the daily necessities and dry...
