Although Singapore is the first country that approves the consumption of lab-grown meat protein, however interests in the product seems to be waning as another manufacturer has decided to exit …
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Australian wine giant, Treasury Wine Estates (TWE) is recalibrating its expectations as demand weakens in its 2 largest export markets, US and China. According to its new Chief Executive, Sam …
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Loss-making Pan Malaysia Corp Bhd(PMC) has announced its decision to exit from the chocolate business, by selling its 15.15% stake in Indulgence World Sdn Bhd to Wah Kong Corp Sdn …
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Bird’s Nest exporter sees IPO outperforming as it moves into value-added downstream business
- INDONESIAEast Java–based bird’s nest exporter, PT Abadi Lestari Indonesia (RLCO) was recently listed on Indonesia Stock Exchange, with the share outperforming on the first day of debut, signifying confidence on …
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Kido Group has finally made the strategic decision to completely exit from the chilled food and ice-cream business, and it expects to raise Dong 2.5 trillion (US$95 million) from the divestment. This move …
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Vietnam’s leading producer of instant noodle, Acecook Vietnam has adopted a new development strategy ‘Cook Happiness Through Innovation’ as part of its goal to create comprehensive happiness to all its …
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World’s largest Ice Cream company expects to perform better after breaking away from Unilever
- GLOBALThe Magnum Ice Cream Company (TMIIC), believed to be the largest ice cream firm in the world, has gone public on the Amsterdam, London, and New York bourses as a …
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Indonesia’s instant noodle producer, Indofood has now emerged as one of the most rapidly growing companies within the global instant noodle segment, according to a recent report by Macquarie. Instant …
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PepsiCo to up investment into functional, affordable drinks in the Philippines
- PHILIPPINESGlobal beverage giant PepsiCo is looking to expand its presence in the Philippines with new product launches and investments in local manufacturing as it banks on the country’s young consumer base …
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A segment once perceived to be lacklustre by Monde Nissin is now coming back into the limelight – Alternative Meat. Monde Nissin subsidiary, Quorn Foods (Quorn) is now shifting its …
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NZ-based infant milk producer, The a2 Milk Company (a2) is betting big on China’s stabilising economy, its government’s huge spending allocation on health, and the country’s demographic shifts to commit …
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Fraser and Neave Holdings Bhd (F&N) plans to expand its product range to include butter, cream and yoghurt, viewing these as additional opportunities beyond fresh milk, depending on the success …
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Halal poultry producer, Farmiera Bhd has successfully gone for IPO listing to raise RM29.25 million (US$7 million) to support its upstream integration strategy. Established in 2013, the Klang-based company is in …
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France-based Danone, the renown producer of Evian water and Activia yogurt, is expected to report an increase in its 3rd quarter sales from €6.83 billion (US$7.87 billion) a year ago …
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Oatly records turnaround in sales revenue partly attributed to strong China performance
- GLOBALOatly has recently recorded a turnaround in its 3rd quarter revenue which grew 7.1% to US$222.8 million, which it attributed to a currency exchange tailwind and consistent performance in Europe …
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Indofood CBP Sukses Makmur, Indonesia’s largest instant noodle manufacturer under the brand of Indomie, has reported a 56% year-on-year jump in net profit to Rp 5.54 trillion (US$335.6 million) for …
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Axelum Resources Corp., the Philippines’ leading manufacturer and exporter of coconut food products, expects a stronger 2nd half performance, driven by robust volume growth and higher average selling prices across …
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As the Philippines experiences a surge in culinary innovation and expansion, Global Pacific emerges as one of the most reliable and trusted suppliers in food services, offering chefs and restaurants …
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South Korea’s Samyang Foods owes the recent success of its spicy Buldak brand of noodles to a hit Netflix movie, ‘K-Pop Demon Hunters’. K-pop culture has helped cement Samyang as a …
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Thailand’s coconut beverage brand, IF has become China’s top coconut water brand. IF brand of bottled coconut water, launched 12 years ago, is sold overseas through General Beverage subsidiary IFBH, an …
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CR Beverage sees 20% plunge in revenue after IPO listing due to cutthroat competition
- CHINAHong Kong’s bottled water producer China Resources (CR) Beverage sees its revenue tumbled by nearly 20% less than a year after its HK IPO listing. The producer of C’estbon bottled …