November 2024

Malay Mail

Jollibee Foods Corporation, the parent company of Philippine fast-food giant Jollibee, said it has reached a deal to acquire Hong Kong-based dim sum chain Tim Ho Wan for S$20.2 million (RM66 million). The acquisition agreement, filed with the Philippine Securities and Exchange Commission, involves the transfer of ownership and management of Tim Ho Wan from private equity firm Titan Fund to Jollibee’s subsidiary, Jollibee Worldwide.

Malay Mail

On TikTok, everyone has gone mad over the “Dubai Chocolate”, a chunky milk chocolate bar filled with a gooey mix of pistachio, tahini and crispy kunafa. The craze was started by Dubai FIX Dessert Chocolatier who produces Can’t Get Knafeh Of It. FIX stands for freaking, incredible experience. (Knafeh is another spelling for kunafa which is actually a traditional Arabic dessert made with a spun pastry soaked in a sugar-based syrup.)

Business World Online

The continued decline in rice prices, which typically accounts for nearly half of overall inflation, is set to pave the way for further monetary easing, analysts said. “With the price of the biggest staple in the Filipino consumer basket set to ease further, we think the door for the central bank to continue its measured easing cycle remains wide open.”

Business World Online

The Philippine Standards Coalition (PSC), comprising leading alcohol producers, e-commerce platforms, and related industry associations, launched on Friday to commit to reducing harmful alcohol consumption in the country.

Food Navigator Asia

Diageo-owned The Singleton has identified flavours as a key focus area to further drive growth in Asia, where the complexity of Scotch whiskey and its versatility in localisation are increasingly recognised.

Food Navigator Asia

Leveraging consumer trends and having better control of pricing mean better opportunities and profit margins in the D2C than B2B space, says Indonesian spice supplier Nekaboga.

Food Navigator Asia

Tate & Lyle has highlighted that speedy innovation and operational digitalisation are more important to the food and beverage sector in Asia than anywhere else in the world, amidst the unveiling of its new globally-connected research laboratory.

Food Navigator Asia

Beverage brands in Southeast Asia are finding growth opportunities in enhanced hydration drinks, catering to consumers across a variety of lifestyle needs, according to market intelligence firm Mintel.

Food Navigator Asia

The Asia Pacific functional beverage industry is increasingly seeing consumer demands for sugar reduction, label transparency and allergen aversion becoming commonplace.