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Market News

photo: Carved pumpkin as decoration during Halloween Boo! 31 October marks the spookiest day in the world. On this date, people celebrate All Hallows’ Eve, or better known as Halloween1. The history of Halloween is traced back to the ancient Celts, who ruled over Ireland, Britain, and Northern France,...

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Food wastage is one of society’s worrying issues1. Over 1.3 billion tons of food is wasted each year and more than 800 million people are suffering from the lack of available food1. In Singapore, the battle to combat food waste is an on-going feat2. According to the National Environment...

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Glitz and glamorous. Singapore is home to a series of celebrity-owned restaurants. From famous chefs such as Gordon Ramsay to local names like Violet Oon, here is a list of star-studded restaurants in the Lion City. Bread Street Kitchen The Bread Street Kitchen is owned by critically acclaimed celebrity...

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The Dragon Boat Festival, also known as the Duanwu Festival, originated from China. It is a traditional celebration that commemorates filial piety and patriotism1. The roots of this festival can be traced back to the tale of Qu Yuan which is over 2,000 years old2. The folklore stated that he was...

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June 12 marked the summit between the President of the United States of America, Donald Trump, and North Korean leader, Kim Jong Un1. They were hosted in Singapore for a peace treaty this year. Plenty of food and beverage outlets in Singapore rolled out themed meals to honor this...

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While the food and beverage industry experiences rapid modernization and high consumer demands, certain elements remain constant among customers – high quality, convenience and affordability1. On 20 July, 2018, the Malaysian Investment Development Authority (MIDA) signed a Memorandum of Understanding (MoU) with Siemens Malaysia2. This strategic collaboration aims to...

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Many people from the food and beverage industry assume that the Michelin Guide began with the restaurant industry1. It was the brainchild of brothers Andre and Edouard Michelin in France in 1889, where they first founded their tire company to revolutionize the automobile industry in France1. The French brothers...

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Restaurateurs have been exposed to innovations in the food and beverage industry over time. Some of the catalysts behind these innovations include evolving demographics, labor shortage, and new technological advancements1. For example, according to Toast’s third annual industry report released in 2017, 95 per cent of restauranteurs believe that technology...

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photo: Burgers by Shake Shack. Credits: @shakeshack Based on various industry-driven studies, there has been notable demand seen in the casual dining segment, leading chefs to branch out and expand their line of business1. According to Euromonitor International, sales accumulated from casual restaurants grew between ten and 11 per cent annually from...

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Technological advancements are inevitable1. According to Robert Grimes, President and Chief Executive of the International Food & Beverage Technology Association, he shared that by adopting the latest technology, restaurants can flourish and improve their business operations1. Robots are here to stay Robotics is a key element in technology that...

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