S'pore food industry has greater economic splash than thought: study

Singapore

SINGAPORE'S reputation as a foodies' paradise is well documented, but now a study has been done to measure the economic impact of the food and beverage industry in the Republic.

It is big - bigger than previously thought, and possibly as big as the aerospace sector, and larger than the specialty chemicals, petrochemicals, medical technology and land transport engineering industries.

The study, commissioned last year by Food Industry Asia (FIA) in collaboration with the Singapore Manufacturing Federation, found, for example, that the food industry contribu…