business expansion

Bank of Singapore seeks to expand its family office business

(Mar 16): Bank of Singapore, the private bank of Oversea-Chinese Banking Corp., is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors.

Acromec diversifies into renewable energy sector; expands into Indonesia

SINGAPORE (Mar 14): Acromec has incorporated two companies to diversify into a new sector and a new country.

BreadTalk partners Wu Pao Chun Bakery to expand into 4 major China cities

SINGAPORE (Mar 12): BreadTalk announced that its wholly-owned subsidiary, Shanghai Star Food F&B Management has entered into a joint venture agreement with Taiwanese bakery brand, Wu Pao Chun Food (WPC), to operate the Wu Pao Chun brand of bakeries in Bei

M&A

Tat Seng Packaging acquires land in Nantong for $4.53 mil to expand China business

SINGAPORE (Feb 26): Tat Seng Packaging says that its subsidiary, Nantong Tat Seng Packaging, was awarded the tender of a piece of land located in Xiting Town, Nantong, China, subject to the agreement to be signed, for a consideration of RMB 21.9 million (

DBS launches team to cater to more retail F&B SMEs expanding overseas

SINGAPORE (Feb 12): DBS has established a dedicated team to cater to the financial needs of local Food & Beverage and food manufacturing companies expanding overseas.

M&A

ComfortDelGro expands footprint in Wales by acquiring New Adventure Travel for $25 mil

SINGAPORE (Feb 7): ComfortDelGro is acquiring South Wales bus and coach operator New Adventure Travel (NAT Group) for £13.4 million ($25.0 million) to expand its bus and coach operations in UK.

BreadTalk and Song Fa to open first bak kut teh restaurant in Shanghai Jing An Kerry Centre

SINGAPORE (Jan 26): BreadTalk and Song Fa is opening the first Song Fa restaurant in Shanghai's Jin An Kerry centre today.

IE and SPRING help local furniture retail firm Castlery expand to Australia

SINGAPORE (Dec 6): Castlery, a local furniture retail company, has expanded its business to Sydney, Australia with support from International Enterprise (IE) Singapore and SPRING.

Management & Corporate Governance

Fewer Singapore CEOs eye global expansion compared to regional counterparts

SINGAPORE (Nov 8): Only 61% of CEOs in Singapore expect to expand globally over the next three years, compared to 72% of CEOs within the Association of Southeast Asian Nations (ASEAN) planning to do the same.
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