Gimme mai coffeh! Meow!
- Pic from Internet
- wong chee tat :)
Showing posts with label Old Town White Coffee. Show all posts
Showing posts with label Old Town White Coffee. Show all posts
Monday, April 24, 2017
Saturday, April 22, 2017
Wednesday, February 22, 2017
Tuesday, February 21, 2017
Tuesday, January 31, 2017
Gimme Mai Coffee!
Gimme Mai Coffee!
Yep, I need my daily dose of coffee.
- Pic from Internet
- wong chee tat :)
Tuesday, December 20, 2016
Friday, March 7, 2014
Thursday, August 8, 2013
Coffeeshops facing tough times amid rising costs
Coffeeshops facing tough times amid rising costs
By Khoo Fang Xuan
POSTED: 07 Aug 2013 11:37 PM
Business appears to be getting tougher for coffeeshops in Singapore. An association representing the shops said rising operation and labour costs are to blame.
SINGAPORE: Business appears to be getting tougher for coffeeshops in Singapore. An association representing the shops said rising operation and labour costs are to blame.
Thomas Foo, chairman of Kheng Keow Coffee Merchants Restaurant and Bar Owners Association, said: "Prices of sugar, coffee powder have been increasing. As for labour cost, it is the increase in levies.
"It is rather difficult to ask operators not to raise prices. A few big coffee joints are already doing so, and the smaller coffeeshops are watching."
In June, coffeeshop chain S11 increased its drink prices by 10 cents across all its 15 outlets.
Ya Kun also recently announced that it would increase prices by 10 to 20 cents.
Mr Foo said some coffeeshops are already calling it quits.
He said: "The operators under our association are asking me, 'Chairman, can you help us look for people to take over our shops?' There are many such voices out there."
- CNA/xq
- wong chee tat :)
By Khoo Fang Xuan
POSTED: 07 Aug 2013 11:37 PM
Business appears to be getting tougher for coffeeshops in Singapore. An association representing the shops said rising operation and labour costs are to blame.
SINGAPORE: Business appears to be getting tougher for coffeeshops in Singapore. An association representing the shops said rising operation and labour costs are to blame.
Thomas Foo, chairman of Kheng Keow Coffee Merchants Restaurant and Bar Owners Association, said: "Prices of sugar, coffee powder have been increasing. As for labour cost, it is the increase in levies.
"It is rather difficult to ask operators not to raise prices. A few big coffee joints are already doing so, and the smaller coffeeshops are watching."
In June, coffeeshop chain S11 increased its drink prices by 10 cents across all its 15 outlets.
Ya Kun also recently announced that it would increase prices by 10 to 20 cents.
Mr Foo said some coffeeshops are already calling it quits.
He said: "The operators under our association are asking me, 'Chairman, can you help us look for people to take over our shops?' There are many such voices out there."
- CNA/xq
- wong chee tat :)
Tuesday, August 6, 2013
Higher rentals push up prices at some coffee joints
Higher rentals push up prices at some coffee joints
POSTED: 06 Aug 2013 6:08 AM
At least three coffee joints here have recently raised prices, citing rising operational costs, especially rentals.
SINGAPORE: At least three coffee joints here have recently raised prices, citing rising operational costs, especially rentals.
The move comes as the chain operator of S11 coffeeshops increased its drink prices by 10 cents across all 15 outlets at the start of June.
Ya Kun raised prices by 10 to 20 cents starting July 27, citing escalating operating costs leading to a "juncture whereby a price revision is inevitable", said a notice posted at storefronts dated June 26.
A cup of coffee at Ya Kun now costs S$1.60 instead of S$1.50.
The coffee chain's rising operational costs came from "a bit of everything", said Mr Adrin Loi, Executive Chairman of Ya Kun. Rental accounts for the bulk of costs at the chain's 44 Ya Kun outlets, followed by raw material and manpower.
Mr Loi said labour costs have gone up as workers working more than 44 hours a week are paid an overtime rate of 1.5 times their hourly rate, and the Foreign Worker Levy has also increased.
The chain also had to pay its staff higher salaries to remain competitive in a tight labour market. It had previously said it plans to hire more retirees and housewives to fuel its expansion to 100 outlets by 2015.
"Sometimes, we bear the costs … we control the price. But at the end of the day, the worker will be affected. We cannot give them better rewards, and we want to reward our staff who perform well," Mr Loi said.
Old Town White Coffee, which has eight outlets here, is in the middle of a revamp involving renovations and menu changes. TODAY understands that this will translate to an increase in prices, of not more than 50 cents, at four outlets - City Square Mall, JCube, Orchard Cineleisure and Square 2 - that have been upgraded in recent months.
The upgrading for a "fresher and more contemporary ambience" is part of the company's strategy to retain customers and, hence, manage rising costs, said Ms Dawn Liew, General Manager of Kopitiam Asia Pacific, which manages the Old Town outlets in Singapore.
"Rising costs are part and parcel of doing business and this spreads across an array of items. In saying that, rentals are becoming a lot steeper," she said.
The Coffee Bean and Tea Leaf also raised its prices,by 10 or 20 cents, two months ago, but only for food items.
Prices at Starbucks, Wang Cafe, Spinelli Coffee Company and Toast Box remain the same.
-TODAY
- wong chee tat :)
POSTED: 06 Aug 2013 6:08 AM
At least three coffee joints here have recently raised prices, citing rising operational costs, especially rentals.
SINGAPORE: At least three coffee joints here have recently raised prices, citing rising operational costs, especially rentals.
The move comes as the chain operator of S11 coffeeshops increased its drink prices by 10 cents across all 15 outlets at the start of June.
Ya Kun raised prices by 10 to 20 cents starting July 27, citing escalating operating costs leading to a "juncture whereby a price revision is inevitable", said a notice posted at storefronts dated June 26.
A cup of coffee at Ya Kun now costs S$1.60 instead of S$1.50.
The coffee chain's rising operational costs came from "a bit of everything", said Mr Adrin Loi, Executive Chairman of Ya Kun. Rental accounts for the bulk of costs at the chain's 44 Ya Kun outlets, followed by raw material and manpower.
Mr Loi said labour costs have gone up as workers working more than 44 hours a week are paid an overtime rate of 1.5 times their hourly rate, and the Foreign Worker Levy has also increased.
The chain also had to pay its staff higher salaries to remain competitive in a tight labour market. It had previously said it plans to hire more retirees and housewives to fuel its expansion to 100 outlets by 2015.
"Sometimes, we bear the costs … we control the price. But at the end of the day, the worker will be affected. We cannot give them better rewards, and we want to reward our staff who perform well," Mr Loi said.
Old Town White Coffee, which has eight outlets here, is in the middle of a revamp involving renovations and menu changes. TODAY understands that this will translate to an increase in prices, of not more than 50 cents, at four outlets - City Square Mall, JCube, Orchard Cineleisure and Square 2 - that have been upgraded in recent months.
The upgrading for a "fresher and more contemporary ambience" is part of the company's strategy to retain customers and, hence, manage rising costs, said Ms Dawn Liew, General Manager of Kopitiam Asia Pacific, which manages the Old Town outlets in Singapore.
"Rising costs are part and parcel of doing business and this spreads across an array of items. In saying that, rentals are becoming a lot steeper," she said.
The Coffee Bean and Tea Leaf also raised its prices,by 10 or 20 cents, two months ago, but only for food items.
Prices at Starbucks, Wang Cafe, Spinelli Coffee Company and Toast Box remain the same.
-TODAY
- wong chee tat :)
Sunday, October 21, 2012
Maybank tops M'sia valuable brands list
Maybank tops M'sia valuable brands list
The Business Times
Sunday, Oct 21, 2012
KUALA LUMPUR - Three banks and three telcos have topped Interbrand's study of Malaysia's Most Valuable Brands with Maybank emerging the champion, according to Malaysia's Business Times yesterday.
The Association of Accredited Advertising Agents Malaysia (4As) and Media Prima, joint presenters of MMVB 2012, evaluated the candidates' financial performance, role of brand and brand strength.
The study, the fourth in collaboration with the 4As, was undertaken by Interbrand, one of the world's foremost brand consultancies that established the proprietary brand valuation methodology.
The total value of all 30 brands this year is RM80.2 billion (S$32 billion), representing a 49 per cent increase from 2009. The top two brands - Maybank and CIMB - registered more than 100 per cent growth since three years ago. AirAsia, ranked 12th, posted 257.3 per cent growth, the biggest increase among the 30 listed brands.
"To thrive in today's economy, brands must possess the ability to connect emotionally with consumers and engage them with a meaningful experience," Deputy Minister of the Ministry of International Trade and Industry Mukhriz Mahathir said. "Brands must function as the economy/s growth engine. Advertising firms and marketers must encourage this creative democracy to enable our economy to flourish, to the extent that both our products and services are sought the world over," he added.
Brands listed in the valuation must be consumer- facing, originate or be first launched in Malaysia, and be owned by companies listed on Bursa Malaysia. The brand must be an economic asset and contribute to the overall financial well-being of that company.
Maybank's campaign, "Humanising Financial Services Across Asia", an aggressive programme of mergers and acquisitions, helped elevate the nation's leading bank to pole position.
Among telcos, Maxis enhanced customer satisfaction by introducing innovative services that generated additional revenue streams.
This year's study saw the entry of IOI, F&N, SP Setia, and Old Town White Coffee and TM.
Said 4As president Tony Savarimuthu: "While brands have a commercial focus, they are a force for positive change in the society. Driven by consumer expectations of corporate behaviour, the role and value of brands has evolved.
"While the valuation is based on rigour and methodology, there are no finite answers. It is, however, an important bellwether on the state of the nation's brands, provokes debate of best practices and acts as a key platform for discussion and strategy in boardrooms, especially in the media."
- wong chee tat :)
The Business Times
Sunday, Oct 21, 2012
KUALA LUMPUR - Three banks and three telcos have topped Interbrand's study of Malaysia's Most Valuable Brands with Maybank emerging the champion, according to Malaysia's Business Times yesterday.
The Association of Accredited Advertising Agents Malaysia (4As) and Media Prima, joint presenters of MMVB 2012, evaluated the candidates' financial performance, role of brand and brand strength.
The study, the fourth in collaboration with the 4As, was undertaken by Interbrand, one of the world's foremost brand consultancies that established the proprietary brand valuation methodology.
The total value of all 30 brands this year is RM80.2 billion (S$32 billion), representing a 49 per cent increase from 2009. The top two brands - Maybank and CIMB - registered more than 100 per cent growth since three years ago. AirAsia, ranked 12th, posted 257.3 per cent growth, the biggest increase among the 30 listed brands.
"To thrive in today's economy, brands must possess the ability to connect emotionally with consumers and engage them with a meaningful experience," Deputy Minister of the Ministry of International Trade and Industry Mukhriz Mahathir said. "Brands must function as the economy/s growth engine. Advertising firms and marketers must encourage this creative democracy to enable our economy to flourish, to the extent that both our products and services are sought the world over," he added.
Brands listed in the valuation must be consumer- facing, originate or be first launched in Malaysia, and be owned by companies listed on Bursa Malaysia. The brand must be an economic asset and contribute to the overall financial well-being of that company.
Maybank's campaign, "Humanising Financial Services Across Asia", an aggressive programme of mergers and acquisitions, helped elevate the nation's leading bank to pole position.
Among telcos, Maxis enhanced customer satisfaction by introducing innovative services that generated additional revenue streams.
This year's study saw the entry of IOI, F&N, SP Setia, and Old Town White Coffee and TM.
Said 4As president Tony Savarimuthu: "While brands have a commercial focus, they are a force for positive change in the society. Driven by consumer expectations of corporate behaviour, the role and value of brands has evolved.
"While the valuation is based on rigour and methodology, there are no finite answers. It is, however, an important bellwether on the state of the nation's brands, provokes debate of best practices and acts as a key platform for discussion and strategy in boardrooms, especially in the media."
- wong chee tat :)
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