Tag: F&B industry
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Singapore F&B Closures 2024-25: Grab CEO Urges Upskilling
Backdrop: A challenging year for Singapore’s food and beverage sector Singapore’s food and beverage (F&B) industry faced a turbulent 2024, with more than 3,000 restaurants shutting their doors—the highest closure figure in nearly two decades. A combination of rising living costs, inflationary pressures, and shifting consumer habits pushed many operators to reassess pricing, menus, and…
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Banquets Boom, Dine-Ins Dip: How Restaurants Are Capturing Catering Demand Amid an F&B Slump
Banquets on the Rise: A New Strategy for a Slumping F&B Scene The dining landscape is shifting as restaurants grapple with a downturn in walk-in customers. Across cities facing economic headwinds, many operators are recalibrating their models to lean into catering, event catering, and off-site services. The trend is particularly visible in Singapore, where established…
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Singapore Singer Hong Junyang Files for Bankruptcy Amid F&B Ventures Woes
Singapore’s F&B Struggles Take a Personal Toll on a Popular Singer The entertainment scene in Singapore has a new storyline that intertwines fame with financial strain. Hong Junyang, a beloved home-grown musician who rose to prominence after a strong showing on Project SuperStar in 2005, has been listed in the Government Gazette as a bankrupt…
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Hong Junyang bankruptcy: Singapore singer’s F&B struggles
Singapore’s F&B shake-up hits a familiar face Singapore’s entertainment scene was jolted again by the news that Hong Junyang, a familiar voice from the country’s pop landscape, has been listed in the government gazette as a bankrupt individual. The 44-year-old singer-songwriter, who rose to fame as a runner-up on Project SuperStar in 2005, told AsiaOne…