TL;DR

Who: F&B, manufacturing and retail industries

Weekly Business Brief | 2019 Week 23

Wrapping up the week's business news and announcements.

SBO Singapore Weekly Business Brief
Published:   |   Updated:   |   Posted in

More than 270 F&B outlets to stop providing plastic straws by Jul 1

More than 270 food and beverage (F&B) outlets in Singapore will phase out plastic straws by Jul 1…

More than 270 food and beverage (F&B) outlets in Singapore will phase out plastic straws by Jul 1, the World Wide Fund for Nature (WWF) announced on Monday (Jun 3).

Participating F&B outlets will be removing straws completely from their premises, providing them only on request or for specific medical reasons, WWF said in a media release.

This includes 53 F&B outlets owned by Accor Group, which operates hotels like Raffles, Swissotel and Fairmont, 24 Pastamania outlets, dozens of outlets operated by Wildlife Reserves Singapore and 15 eateries under the Spa Espirit Group including Tiong Bahru Bakery and 40 Hands.

Other F&B outlets participating in the PACT initiative include A Poke Theory, Grand Hyatt Singapore, Kraftwich, Nando’s Singapore, SaladStop and Jones the Grocer. Straws will also no longer be given out at all in-house catering and events at Suntec Convention Centre.

Several companies announced plans to eliminate plastic straws last year, including KFC, Starbucks, Burger King and Resorts World Sentosa.

In December 2018, Yakult Singapore said it would no longer provide straws with its probiotic cultured milk drinks, and that it was looking at alternative materials to replace plastic as part of its packaging.

Read more in this Channel NewsAsia report.

Singapore’s factory activity shrinks for first time since 2016

The weak performance was attributed to slower growth in new orders, new exports, factory output, inventory and employment level…

Activity in Singapore’s factories contracted in May for the first time in 32 months amid escalating trade tensions between the United States and China, joining a grim manufacturing outlook across Asia.

Singapore’s Purchasing Managers’ Index (PMI) – which measures manufacturing activity and sentiment – declined 0.4 point from the previous month to 49.9 in May, said the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Jun 3).

A PMI reading above 50 indicates expansion, while one below the benchmark line points to contraction.

The weak performance was attributed to slower growth in new orders, new exports, factory output, inventory and employment level, SIPMM said.

May’s bleak factory activity is in line with similar sluggish sentiment across Asia’s factories – PMIs were below the 50-point mark in Japan, South Korea, Malaysia and Taiwan, came below expectations in Vietnam and improved slightly in the Philippines, Reuters reported on Monday.

Such growth indicators are likely to deteriorate further in the coming months as higher trade tariffs take their toll on global commerce and further dent business and consumer sentiment leading to job losses and delays in investment decisions, said Reuters.

Read more in this Channel NewsAsia report.

Heartland shops to tap on Instagram, Facebook for new lease of life

the Singapore Institute of Retail Studies and Singapore Productivity Centre partner HECS to train and upskill about 100 digital and productivity consultants over the next two years.

To accelerate the centre’s digitisation efforts in the heartland town centre, a memorandum of understanding was signed between HECS and the Singapore Institute of Retail Studies and Singapore Productivity Centre on Tuesday.

The move will see the Singapore Institute of Retail Studies and Singapore Productivity Centre partner HECS to train and upskill about 100 digital and productivity consultants over the next two years. These consultants will then help heartland enterprises set up their online presence.

Read more in this Channel NewsAsia report.


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