Ranking second in the world and first in Asia in the World Bank's most recent Ease of Doing Business index, Singapore is widely regarded as having one of the best investment environments on the planet. The country benefits not only from its strategic location, but active government support for business, an excellent legal framework, and light-touch regulation and taxation.
This backdrop has long benefitted Singapore's food and beverage industry, the eve of the covid pandemic, according to Black Box Research. A recent report by GlobalData estimates that the sector will grow at 11% a year to 2025 as it bounces back, with both domestic demand and growing tourism contributing to the stellar performance.
This resurgence and that of the global hospitality industry is proving a boon for Singapore-based BreadTalk Group. The company was founded in 2000 by George Quek, who had an entrepreneurial vision to transform the bakery sector. That vision has been realised at a large scale, with BreadTalk Group now having more than 600 outlets in 15 territories worldwide, across China, South East Asia, India, the Middle East, and the UK.
This story is from the May 19, 2023 edition of Newsweek Europe.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 19, 2023 edition of Newsweek Europe.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
The Secret to Being an ADHD Whisperer
Loosening up and ceding control are some of the most important strategies for making life easier for a neurodiverse loved one
Fertility Clinics 2024
FOR THOSE LOOKING TO EXPAND THEIR FAMILIES, FERTILITY CLINICS CAN BE A VITAL OPTION
'I AM ALWAYS IN THE MOMENT'
India's prime minister on his goals, his critics and his 'god-gifted' ability to listen
MODI'S MOMENT
INDIA'S LEADER is SHAPING the COUNTRY in his OWN ASSERTIVE IMAGE
Resurgence of Global Mayhem
While the world watches Gaza, ISIS is gaining strength and momentum, building networks and preparing for strikes worldwide
Who Rules Gaza When The Fighting Stops?
With no clear leader coming to the fore, questions remain about how the devastated territory will be managed
No End Game In Sight
Benjamin Netanyahu is risking a pyrrhic victory in Gaza that damages the chances of long-term peace
Chris Perfetti
IF YOU'RE ONE OF THE MILLIONS OF AMERICANS SINGING THE PRAISES of ABC's Abbott Elementary, fear not, they've heard you. \"We love to hear it,\" says Chris Perfetti, who plays Jacob Hill on the Emmy-winning sitcom about teachers at a Philadelphia public school.
The Power Beneath Our Feet
Scientists reveal the true potential of superhot rock geothermal energy in the fight against climate change
Divine Intervention
POPE FRANCIS' PROGRESSIVE REPOSITIONING OF THE CATHOLIC CHURCH HAS CREATED BATTLE LINES BETWEEN ITS 1.3 BILLION FOLLOWERS, NO MORE SO THAN IN THE UNITED STATES