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Haidilao, the renowned hotpot chain, has recently begun offering pig blood curd across all its Singapore locations, marking the end of a 27-year prohibition. In an announcement made on social media last Tuesday, Haidilao Singapore revealed that the dish would…
Chipotle, a popular American fast-casual restaurant chain, has announced plans to penetrate the Asian market in the coming year. The expansion will begin in South Korea and Singapore, through a strategic collaboration with SPC Group. Chipotle’s Asian Debut…
Japanese restaurant chain Pepper Lunch plans to open its first store in Mongolia next year, as part of its global expansion strategy. The brand has signed a franchise deal with local distributor Bluemon Group, making Mongolia its 17th country. “We signed a…
Rice was the Vietnamese product with the highest export value to Philippines in the first six months of 2024, with a turnover of $1.2 billion, up 41% over the same period last year. According to data from the Vietnam Trade Office in the Philippines,…
The Philippines, one of the world’s largest rice buyers, has announced a reduction in rice import taxes from 35% to 15%, effective from early this August through 2028. This can be seen as the latest action by the Philippine government to tackle inflation,…
Musang King durian moon cake prices, made with the popular durian variety originally from Malaysia, have increased by 2-10% year-on-year in Vietnam. Their cost ranges between VND900,000 ($37.90) to VND1.7 million per box. Last year, the most expensive product…
The highly anticipated Street Pizza concept by celebrity chef Gordon Ramsay is set to make its debut in Malaysia, marking the restaurant’s first location in Southeast Asia. Originally established in London in 2018, Street Pizza is known for its unlimited…
Seafood exports to most major markets have fallen by 17-50% this year. According to the Vietnam General Department of Customs, shipments to the U.S. fell by more than 50% year-on-year to US$284 million. Exports to Australia were down 30% to $65 million.…
Home-grown fast food giant Jollibee Foods Corp. (JFC) is planning to expand its global presence by opening up to 600 new stores this year. In a Thursday disclosure to the Philippine Stock Exchange, JFC said it plans to open 550 to 600 owned and franchised…
Higher demand for food delivery workers has ramped up the industry’s labor cost. The rapid growth of South Korea’s food delivery market during the COVID-19 pandemic has inadvertently caused a sharp rise in delivery fees, leaving small business owners and…
A Chinese trader has imported 500 containers of tra fish weighing 12,000 tonnes from Vietnam right after China lifted its zero-Covid policy, showing a positive signal for the sector this year. China is the second biggest importer of Vietnamese tra fish, after…
Sukiya beef bowl chain’s operator, Zensho Holdings, is to acquire burger franchise Lotteria Japan from Lotte Holdings for an undisclosed sum. The deal is expected to be completed on April 1. Entering Japan in 1972 with the first store opened in Tokyo’s…
Major listed seafood exporter Minh Phu Seafood JSC is set to issue bonus shares at a ratio of 1:1. It is expected to be done this year by capitalizing reserves, and will double the company’s charter capital to VND4 trillion (US$170.9 million). Minh Phu also…
The owner of KFC and Pizza Hut said sales plunged by 20% in the first two weeks of March as a surge of new Covid cases spread across China. Yum China said “the situation has rapidly deteriorated” as regional lockdowns have been put in place to stem the…
The prices of imported king crabs and abalones have risen by 30-50 percent in HCMC due to limited supply caused by mobility restrictions. King crabs are sold at VND2.5-2.9 million ($109-126) per kilogram, 50 percent higher year-on-year. Australian and South…
A seafood export recovery has helped bigger firms boost profits while smaller ones have struggled with the spike in shipping rates. Seafood exports topped $4 billion in H1, a year-on-year increase of 15 percent, according to the General Department of Vietnam…
