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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…
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…
Chinese coffee chain Luckin Coffee is exploring potential expansion into the US, with a launch possibly as early as next year. During an earnings call, Luckin Chairman and CEO Guo Jinyi emphasised both the promise and challenges of overseas growth. “The…
Japanese-style burger chain Niku Niku Oh! Kome – owned by Japanese restaurant chain operator Monogatari Corporation – has launched its first outlet in Hong Kong as part of its broader expansion across Asia. Located in Sha Tin, the restaurant has 40 bar seats…
Vietnam exported 6.16 million tons of rice worth nearly US$3.85 billion in the first eight months of this year, the Ministry of Agriculture and Rural Development (MARD) has said. This marked a 5.9% increase in volume and a 21.7% growth in value from the same…
Japan’s biggest sushi restaurant chain Sushiro opened its first store in China’s Beijing Wednesday as part of its expansion in the world’s most populated country. Its new store, located in the Xidan Joy City shopping mall, has four private rooms, each…
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 global decline of the rice supply and the impact of El Nino climate pattern have led to a sharp increase in the price of rice for export. Latest data from General Department of Vietnam Customs shows that in the first half of the year, rice exports reached…
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…
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…
Many seafood firms have seen a year-on-year surge in profits in the first quarter this year thanks to surging prices and recovering demand. Vinh Hoan Corporation, the largest listed seafood company, posted after-tax profits of over VND550 billion ($23.9…
