, Singapore

In-flight food prices to soar as inflation bites

The Food Price Index which increased to 230.7 in January 2011 sparked concern over the rising cost of food staples.

According to Phillip Securities Research, the Food Price Index released by the Food and Agriculture Organization of the United Nations, had surpassed the previous peak of 224.1 in June 2008. The substantial increase in food prices sparked global concern over the rising cost of food staples that could substantially increase the burden on consumers, particularly the lower wage workers.

The price hike for raw food may push inflight catering businesses to increase their food prices. SATS which has a dominant market share of 85% at Singapore Changie Airport, has a significant pricing power against airline customers.

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Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley