For Tim Hortons, dominating 'third place' in Singapore's Western coffee market scene is its main strategy to compete against local coffee brands and grab-and-go models with cheaper options. Tim Hortons Singapore CEO Vaibhav Punj said that capturing this market is better than competing directly with koptiams, new age cafes and coffee roasters, and a recent spike of grab-and-go coffee concepts who just entered the market.
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Singapore Solar Panel Company Expects Revenue Growth with Green Finance LoanSingapore modular solar panel company Photovoltaic Foundry expects to see its revenue increase from $2 million to $3 million in 2023. That is a 50 per cent growth and the realisation of a dream six years in the making for the company’s founder and chief executive officer Liong Hang Cek, thanks to a $650,000 green finance loan he received from DBS Bank. With the loan, he was able to unlock another revenue stream: a power purchase agreement (PPA), which refers to a long-term electricity supply agreement between two parties. Previously, Photovoltaic Foundry’s customers had only one option – to buy and maintain solar panels. With the PPA, potential clients now have a separate option – to buy the energy generated from the solar panels installed on their building at a discounted price.
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