Such action shall include employment, upgrading, demotion or transfer, recruitment or recruitment advertising, layoff or. Thien Kwee Eng, the assistant managing director of Singapore’s Economic Development Board, welcomed this development, stating it would “strengthen Singapore’s position as Asia’s leading food and nutrition hub”.Īs part of our Asia’s Food Leaders video series, we’ll be running an in-depth interview with Lionel Flutto in the coming weeks. It is the policy of this company to afford equal opportunity for employment to all individuals without regard to their race, religion, color, sex, national origin, age, disability, or being a veteran of the Vietnam Era. In the meantime, local and regional companies will be encouraged to use the facilities to co-create new products suitable for the Asian palette, added Dr Bertram. Flutto said it was likely this would be taken up by the nutrition side of the business, which has been a major area of focus since it acquired the Diana Group in 2014 and through its partnership with Swedish probiotics outfit Probi. There are also a number of commercial kitchens and space for expansion. There is also significant space for focus group testing featuring one-way mirrors and audio/visual recording equipment to gauge reactions. SPark also features new labs designed for flavour creation and application, food science work and research. “This emphasises both our commitment to Asia and forming the foundation of our future innovations, research, technology and development,” he added. (Our video at the top of the page features VP of Innovation, APAC, Conor Delahunty speaking about this in more detail). This is why the company decided to base its global sensory and consumer insight teams in the new Singapore premises. (exclude Japan as it is SoftBank Robotics Group headquarter.
#Apac company drivers
He added the Gemany-based company had recorded double-digit growth every year since 2009, and that it saw Asia as a key driver for future sales and profit rises.Ĭurrently, just over 20% of its business is in the region, but Dr Bertram said he wanted this to increase to one-third of its global total by 2025.Īccording to Lionel Flutto, Asia Pacific president of flavours, Asian consumers “are the future drivers of the global flavours industry”. SoftBank Robotics Singapore is the APAC headquarters and currently oversees China, Hong Kong, Australia and South Korea. “With Singapore being the foundation of our Asia growth story, I believe the new research and innovation facilities will ignite greater collaboration, connectivity and creativity,” he said. The company first opened a base in the City State in 1980, initially to process vegetable oils. It marks the first of a three-phase $50m project.Īt an official opening attended by FoodNavigator Asia, CEO Dr Heinz-Jurgen Bertram said the site tapped into Singapore’s vision of becoming Asia’s regional food and nutrition hub. finished the year-to-date period as the second-largest senior debt issuer, with a $550.0 million offering in August.The eight-storey building, named SPark, brings together improved manufacturing, research and innovation capabilities on the west coast of the island. 19.Ĭhina Ping An Insurance Overseas (Holdings) Ltd. The China-based property and casualty insurer was also the second-largest capital issuer overall in Asia-Pacific as of Sept. was the largest issuer in the region due to a $560.0 million senior debt offering in June. In senior debt, Guoren Property & Casualty Insurance Co. landed at third spot with a $238.1 million private placement in March. ended the period as the second-largest common equity issuer with its $400.0 million private placement in July, while Singapore Life Pte. The life and health insurer was also the fifth-largest capital issuer in the region.Ĭathay Life Insurance Vietnam Co. was the biggest common equity issuer in Asia-Pacific during the period thanks to a $404.6 million private placement in June. South Korea's Fubon Hyundai Life Insurance Co. also completed a $380.0 million subordinated debt offering in January. was the second-largest subordinated debt issuer with its $553.8 million convertible bond offering in September. emerged as the largest capital issuer in the region and the largest subordinated debt issuer with $1.13 billion of gross amount offered during the period from two offerings in April and June. Common equity offerings accounted for $1.39 billion of the total, while senior debt offerings constituted $1.11 billion.ĪIA Group Ltd. 19, with $2.06 billion of total gross amount offered during the period. From then onward, the company steadily increased its footprint to other countries in ASEAN, and today it is a partner for growth in the region, supporting the development of. Subordinated debt offerings comprised most of the capital offerings from Jan. GE’s presence in Association of Southeast Asian Nations (ASEAN) dates back to April 1890, when GE’s predecessor, Thomson-Houston Electric Company, installed the first electric streetlights in Manila, the Philippines. Insurance and insurance technology companies in the Asia-Pacific region this year have raised at least $4.57 billion from capital markets through mid-September, according to an S&P Global Market Intelligence analysis.
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