Latest news with #Halal
New Straits Times
16 hours ago
- Business
- New Straits Times
Newly listed MyAxis eyes capacity growth
KUALA LUMPUR: Meat processor and distributor MyAxis Group Bhd made its debut on the LEAP Market of Bursa Malaysia today at 18 sen, a six-sen premium over its initial public offering (IPO) price of 12 sen. In a statement, MyAxis said the company has set its sights on increasing its meat processing capacity to drive growth after its listing, having raised RM5.3 million from the IPO. Through its wholly owned subsidiary, KK Fresh Frozen Sdn Bhd (KK Fresh), MyAxis has been in the frozen meat distribution business since 2015. "The listing exercise marks a pivotal moment for MyAxis as we look to strengthen the KK Fresh brand. We are excited about our new meat processing facility that will take our business to the next level. "The upstream shift complements our existing distribution business, enabling us to expand the range of products that we will be able to offer to our customers," said MyAxis executive chairman Datuk Tan Hwa Sing. With the enlarged processing facility, Tan said the company will be able to offer value-added services to its existing customers and to open up new markets. Meanwhile, he said MyAxis intends to establish its own Halal brand of processed meat products to further expand market reach and, most importantly, contribute to strengthening Malaysia's food security. "The IPO not only helps in raising our corporate profile but also accelerates our growth trajectory as we tap into the capital market," he said. With the expanded processing and storage capacities, Tan said the company also targets significantly growing its customer base, particularly among food and beverages (F&B) providers, hotel chains and processed food manufacturers. With a built-up area of 17,567.7 square feet, he said the new processing facility, located strategically near the Malaysia-Thailand border at Bukit Kayu Hitam, is expected to be operational by 2026. "The strategic location helps in enhancing container security and ensuring product quality for frozen meats imported from Thailand. "In addition, the new plant is designed to comply with key food safety and quality standards, including Halal, MESTI, GMP, HACCP, and VHM, ensuring full compliance with regulatory and industry best practices," he added. Following the company's listing on the LEAP Market today, MyAxis has outlined a plan to transfer to the ACE Market within two years. MyAxis aims to raise RM5.29 million through a private placement of 44.1 million new shares at 12 sen apiece, implying a market capitalisation of RM40.9 million upon listing. The proceeds will be used to repay bank borrowings (RM3 million), purchase new machinery, support working capital, enhance branding and marketing, and defray listing expenses.
Business Recorder
a day ago
- Business
- Business Recorder
Halal seafood industry: Pakistan, Vietnam agree to expand cooperation
KARACHI: Pakistan and Vietnam have agreed to expand cooperation in the Halal seafood industry, signalling a new chapter in bilateral trade relations between the two countries. To this end, a key meeting was held between the Ambassador of Vietnam to Pakistan, Pham Anh Tuan, representatives of the Pakistan Fisheries Exporters Association, and Pangasius fish importers with Director General of Marine Fisheries Department (MFD) Dr Mansoor Ali Wassan. Dr Wassan informed the participants that Pakistan's seafood exports to Vietnam reached US $9 million in 2024, a 20 percent increase over the previous year. He also highlighted Pakistan's expanding capabilities in aquaculture and Halal-certified fish processing. Pakistan marks first shipment of farm-raised shrimp Dr Wassan noted that with steady efforts in policy coordination, trade facilitation, and infrastructure development, especially in cold chain systems and Halal certification, Pakistan has the potential to match or even exceed Vietnam's seafood exports to Pakistan. He remarked, 'Setting an annual export target of $25–30 million within next five years is not only realistic but also strategically advantageous for diversifying Pakistan's marine export portfolio.' Ambassador Pham Anh Tuan emphasised the importance of strengthening coordination between Vietnamese and Pakistani stakeholders through regulatory harmonisation and technical cooperation. He reaffirmed Vietnam's adherence to Halal standards for seafood exports to Pakistan and welcomed deeper institutional collaboration. Dr Wassan expressed Pakistan's readiness to enhance bilateral engagement to further develop its fisheries and aquaculture industries, pointing to Vietnam's success in aquaculture as a valuable model for learning and investment. Executive Committee Member of the Pakistan Fisheries Exporters Association, Asim Abrar noted that while Pakistan has exported raw seafood for over four decades, the country is now making strides in value-added segments such as shrimp farming drawing inspiration from Vietnam's successful development in this area. Copyright Business Recorder, 2025
Time Business News
a day ago
- Business
- Time Business News
Start a Food Delivery Business in Dubai: License & Registration Guide
Dubai's food delivery market is soaring, fueled by a 23% annual e-commerce growth rate and a consumer preference for convenience, with 73% opting for online food orders (Commitbiz, January 1, 2025). To capitalize on this trend, securing a commercial trade license Dubai and completing food product registration Dubai are essential for compliance and success. This blog explores how these steps enable entrepreneurs to launch and scale food delivery businesses, leveraging 2025 trends like healthy dining and tech-driven solutions. Dubai's culinary scene is thriving, with the food and beverage market projected to reach USD 9.2 billion by 2026 (Arabian Business, June 26, 2025). Delivery platforms like Talabat and Deliveroo dominate, but home-based and cloud kitchen models are gaining traction, especially for healthy, organic, and customized meals. A commercial trade license Dubai ensures legal operations, while food product registration Dubai guarantees compliance with Dubai Municipality's stringent safety and Halal standards, building consumer trust. A commercial trade license Dubai, issued by the Department of Economy and Tourism (DET) or free zones, is mandatory for food delivery businesses. Options include: E-Trader License : At AED 1,070, ideal for UAE/GCC nationals running home-based ventures via social media or apps. : At AED 1,070, ideal for UAE/GCC nationals running home-based ventures via social media or apps. Mainland License : Costs AED 12,000–30,000, suited for cloud kitchens or restaurants targeting UAE consumers. : Costs AED 12,000–30,000, suited for cloud kitchens or restaurants targeting UAE consumers. Free Zone License: Starts at AED 5,750 (e.g., RAKEZ), offering tax exemptions for export-focused businesses. Select Business Activity: Specify food trading or delivery to align with DET requirements. Choose Jurisdiction: Mainland for local sales, free zones for international reach. Submit Documents: Provide passport copies, visas, and a business plan. Free zones may require a No Objection Certificate. Pay Fees: Varies by license type; E-Trader is the most affordable. Get Approval: Takes 3–7 days for free zones, slightly longer for mainland. Business setup services UAE like The Infinite Service streamline this process, ensuring compliance with DET and avoiding fines up to AED 500,000 for unlicensed operations. All food products sold in Dubai must undergo food product registration Dubai through the Dubai Municipality's Food Import and Re-export System (FIRS) or Food Watch platform. This ensures compliance with UAE standards like GSO 9/2021 for labeling and CAC/MRL for safety. Verify License: Ensure your commercial trade license Dubai includes food trading activities. Prepare Documents: Submit product images, bilingual (Arabic/English) labels, Free Sale Certificate, and a Certificate of Analysis. Apply via FIRS Portal: Register online, pay an AED 10 fee per product, and upload documents. Lab Testing: Dubai Municipality may require tests, costing AED 500–2,000 per item. Receive Approval: Takes 5–22 working days; certificates cost AED 220 and are valid for five years. Non-compliance risks product confiscation or fines of AED 10,000–50,000. Registration ensures safety and enhances credibility, especially for Halal or organic products. Market Access : A commercial trade license Dubai enables partnerships with platforms like Noon Food, while food product registration Dubai ensures legal sales. : A enables partnerships with platforms like Noon Food, while ensures legal sales. Consumer Trust : Compliant products appeal to Dubai's health-conscious and multicultural consumers. : Compliant products appeal to Dubai's health-conscious and multicultural consumers. Scalability: Free zone licenses support exports to GCC markets, projected to grow 6.2% annually through 2030. Healthy Dining : Demand for low-calorie and vegan options is rising, requiring registered products to meet dietary standards. : Demand for low-calorie and vegan options is rising, requiring registered products to meet dietary standards. Tech Integration : Live order tracking and AI-driven personalization are expected to drive 30% of sales, per Arabian Business (June 26, 2025). : Live order tracking and AI-driven personalization are expected to drive 30% of sales, per Arabian Business (June 26, 2025). Sustainability: Eco-friendly packaging, compliant with Dubai Municipality's green initiatives, is a growing consumer preference. Launching a food delivery business in Dubai requires a commercial trade license Dubai and food product registration Dubai to ensure compliance and build trust. With the right setup, you can tap into a booming market, leveraging trends like healthy dining and tech advancements. Start today with expert guidance to scale your venture in 2025 and beyond. TIME BUSINESS NEWS
The Sun
4 days ago
- Business
- The Sun
Food Expo PRO and Hong Kong International
HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo PRO and Hong Kong International Tea Fair will be staged concurrently from 14 to 16 August 2025 at the Hong Kong Convention and Exhibition Centre. The fairs feature global foods and beverages, tea, and related products, providing a one-stop sourcing platform for industry players. The Food Expo PRO open exclusively to trade buyers on the first two days, and welcome public ticket-holders on 16 August. The concurrent Hong Kong International Tea Fair will be open to both trade buyers and public ticket holders for all three days. Together with the concurrent public fairs, Food Expo, Beauty & Wellness Expo, and Home Delights Expo, which will be staged at the same venue from 14 to 18 August, the five fairs are expected to gather some 2,000 exhibitors. Register now for FREE admission e-badge: This year, Food Expo PRO continues to present pavilions from various countries and regions. Besides pavilions from Mainland China, Japan, Korea and Poland, ASEAN countries like Thailand, Philippines and Vietnam will also participate, showcasing international culinary excellence. Recognising the promising landscape of the Halal Market, the Expo introduced a dedicated Halal food and beverage label last year. This year, around 100 exhibitors will feature the label, bringing a diverse variety of Halal certified products ranging from snacks, condiments to seafood. To better promote the potential of halal food sector, the events will delve deeper into the halal food landscape in Hong Kong. The Kowloon Shangri-La Hotel, a 5-star rating Halal Friendly Hotel by Crescent Rating, will share insights on how they create exceptional halal culinary experience for Muslim guests. Additionally, the event will partner with The Incorporated Trustees of the Islamic Community Fund of Hong Kong to present halal certificates to local restaurants. With the evolving coffee culture and growing coffee market demand worldwide, a new Coffee zone will be launched to reinforce Hong Kong's role as a gateway to enter the booming Mainland China and ASEAN market. The zone will feature coffee bean exporters from Africa, Americas to Mainland China, as well as coffee accessories in the zone. Events such as coffee demonstrations and seminars covering the coffee value chain will also be held. Hashtag: #HongKongTradeDevelopmentCouncil #HKTDC #FoodExpoPRO #HongKongInternationalTeaFair #Halal
The Sun
4 days ago
- Business
- The Sun
Food Expo PRO and Hong Kong International Tea Fair:
HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo PRO and Hong Kong International Tea Fair will be staged concurrently from 14 to 16 August 2025 at the Hong Kong Convention and Exhibition Centre. The fairs feature global foods and beverages, tea, and related products, providing a one-stop sourcing platform for F&B importers, wholesalers, retailers, restaurants, department stores and e-tailers. The Food Expo PRO open exclusively to trade buyers on the first two days, and welcome public ticket-holders on 16 August. The concurrent Hong Kong International Tea Fair will be open to both trade buyers and public ticket holders for all three days. Together with the concurrent public fairs, Food Expo, Beauty & Wellness Expo, and Home Delights Expo, which will be staged at the same venue from 14 to 18 August, the five fairs are expected to gather some 2,000 exhibitors. Register now for FREE admission e-badge: Food Expo PRO: Asia's key trade event for F&B Positioned strategically at the heart of Asia, coupled with its exceptional logistics services and adept supply chain management, Hong Kong serves as a promising platform for global food importers and distributors to extend their reach into markets across Mainland China and the broader Asian region. As a renowned culinary capital of Asia, Hong Kong is also home to a thriving food services industry that captivates locals and visitors alike. Food Expo PRO aims to strengthen Hong Kong's position as a business hub for the food industry in Mainland China, Asia, and the world. It provides a one-stop business platform that helps F&B industry players explore opportunities, build connections and foster innovation. This year, the Expo continues to present pavilions from various countries and regions. Besides pavilions from Mainland China, Japan, Korea and Poland, ASEAN countries like Thailand, Philippines and Vietnam will also participate, showcasing international culinary excellence. As a pioneer in the F&B industry, the Expo has always kept a close eye on several key trends and innovation in order to capture the evolving dynamics of the food industry. Highlighted zone 'Food Science and Technology' brings alternative food and future food products to our professional buyers. Hong Kong Food Science and Technology Association will lead a group of Hong Kong companies to showcase their food-tech and packaging products and solutions. To capture the opportunities presented by the silver economy, products such as soft meals and supplements will also be featured in the zone. Recognising the promising landscape of the Halal Market, the Expo introduced a dedicated Halal food and beverage label last year. This year, around 100 exhibitors will feature the label, bringing a diverse variety of Halal certified products ranging from snacks, condiments to seafood. To better promote the potential of halal food sector, the events will delve deeper into the halal food landscape in Hong Kong. The Kowloon Shangri-La Hotel, a 5-star rating Halal Friendly Hotel by Crescent Rating, will share insights on how they create exceptional halal culinary experience for Muslim guests. Additionally, the event will partner with The Incorporated Trustees of the Islamic Community Fund of Hong Kong to present halal certificates to local restaurants. With the evolving coffee culture and growing coffee market demand worldwide, a new Coffee zone will be launched at the fair to reinforce Hong Kong's role as a gateway to enter the booming Mainland China and ASEAN market. The zone will feature coffee bean exporters from Africa, Americas to Mainland China, as well as coffee accessories in the zone. Events such as coffee demonstrations and seminars covering the coffee value chain will also be held concurrently. Food Expo PRO also features a variety of seminars and forums covering the latest developments and market opportunities in the food industry. The Food Tech Symposium will focus on promoting non-additive foods and establishing a 'Clean Label' standard in Hong Kong. The event will also explore the progress of additive-free food development in the Greater Bay Area and invite local food manufacturer to share their practical experiences, aiming to advance the 'Clean Label' initiative in Hong Kong. Hong Kong International Tea Fair: Brewing opportunities in tea business The concurrent Hong Kong International Tea Fair brings together a wide variety of products including tea, tea-related products, and tea ware. The International Tea Event Space Design Competition 2025 aims to promote tea culture. Participants can present their creative tea-serving space designs through the competition, and the shortlisted designs will be displayed and judged during the fair. Another fair highlight is the Hong Kong International Tea Competition. Exhibitors' teas will be judged in six categories: Green Tea, Oolong Tea, Black Tea, Chinese Black Tea, Raw Pu'er, Others. The entries will also compete for 'The Best Aroma Award' and 'The Best Taste Award'. Visitors can enjoy free tea tasting of winning teas on 17 August. Each day at the fair is filled with different activities and events. The 2nd Hong Kong International Tea Culture Forum and The 1st Tea Culture and Tourism Benchmark City (Enterprise) Brand Ceremony will be held on 15 August, with the purpose of creating an international platform for communication, promoting tea culture, and driving the international development of the tea industry. The National and Greater Bay Area KamCha Competition – (Hong Kong Milk Tea) Hong Kong Final will be held during the Hong Kong International Tea Fair, aiming to select the top Hong Kong-style milk tea masters, showcase the skills and unique flavours of Hong Kong-style milk tea production, and promote Hong Kong-style milk tea culture. Other events, such as the 1st Guangdong-Hong Kong-Macau Youth International Tea Art Competition 2025, Tea Tasting Sessions, Tea Art Performances, offer an immersive exploration of tea's rich history and latest trends. The two fairs will continue to adopt the HKTDC's EXHIBITION+ model that integrates online and offline elements, extending face-to-face interactions from physical events to smart business platform, Click2Match, which will be open to participants from 7 to 23 August. In addition, the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), organised by the Modernized Chinese Medicine International Association (MCMIA), together with the HKTDC and ten scientific research institutions and industry associations, will be held at the Hong Kong Exhibition and Convention Centre on 14 and 15 August to deliver professional traditional Chinese medicine insights into the industry. Websites:
