(20/6/2022) Special Report on The State Of The Nation: Businesses raise prices as high costs cut into profits
Nicholas Tay, owner and operator of The Hub Coffee Roaster café chain, is feeling the brunt of rising costs. “Overall, our costs have gone up by about 10% to 15% in the past six months. These include the costs of importing coffee beans, transport, takeaway paper cups and milk, partly due to the weakening local …