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Serious Good News! NTUC Give 1% Discount to Sinkies to help with GST increase!

Pinkieslut

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FairPrice to offer 1% discount on 500 essential items for 6 months to offset GST hike; extends discount schemes for seniors​

Items at NTUC FairPrice supermarkets that will be offered at 1 per cent discount will include essential buys such as fresh fruits, vegetables, meats and household cleaners.
Ili Nadhirah Mansor/TODAY
Items at NTUC FairPrice supermarkets that will be offered at 1 per cent discount will include essential buys such as fresh fruits, vegetables, meats and household cleaners.
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Published December 27, 2022
Updated December 27, 2022
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SINGAPORE — Supermarket chain NTUC Fairprice will be offering a 1 per cent discount for 500 essential items for a period of six months, starting from the new year.
Fairprice said in a press release on Tuesday (Dec 27) that this is meant to offset the increase in Goods and Service Tax (GST) from the current 7 per cent to 8 per cent, which will similarly take effect on Jan 1.

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The company defined the 500 essential items as products which are “frequently purchased by customers”, and they comprise both housebrand and national brand products.
Fairprice added that they also include fresh fruits and vegetables, meat, staples, dairy, paper products, detergents and household cleaners.
Beyond the discount on the essential items, Fairprice also announced that it would be extending ongoing discount schemes for members of the Pioneer Generation, Merdeka Generation, and Community Health Assist Scheme (Chas) Blue cardholders for another year.

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Fairprice said the extension will last from Jan 1 to Dec 31 next year, and will be available at all FairPrice supermarkets, FairPrice Shop stores, FairPrice Finest outlets, FairPrice Xtra hypermarkets, FairPrice On Wheels and Unity pharmacies.
Under the scheme, members of the Pioneer Generation, who are born in 1949 or earlier, receive a 3 per cent discount on their purchases on Mondays and Wednesdays.

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Members of the Merdeka Generation, who are born in the 1950s, get a 3 per cent discount on Wednesdays, while Chas Blue cardholders get a similar discount on Thursday.
All other senior citizens aged 60 and older receive a 2 per cent discount on Tuesdays.
Fairprice said its shoppers benefited from over S$11.5 million in savings through the Pioneer Generation, Merdeka Generation and Chas Blue cardholder discount schemes this year.
Mr Vipul Chawla, group chief executive officer of FairPrice Group said that amidst the uncertain economic climate, “FairPrice is committed to ensuring that our customers are able to have access to household essentials and the extension of the discount schemes looks to help alleviate some financial burden on daily essentials”.
 

laksaboy

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The company defined the 500 essential items as products which are “frequently purchased by customers”, and they comprise both housebrand and national brand products.

Housebrand stuff violates anti-competitive laws.... but this isn't a normal, civilized country, conflict of interest does not exist. :biggrin:
 

red amoeba

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Very interesting tactic. Firstly NTUC is a cooperative. There is no P&L to speak about. Secondly they can raise prices by 3% and still claim to give 1% discount.
 

ftan42

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1% gst increase is across all gst taxable, but ntuc

FairPrice offers a 1% discount on 500 essential items for 6 months​

 

millim6868

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Only those idiots think 1 percent is good buy,they forgot abt the fmgramm if food they short chase, sinkies are dumb
 

Loofydralb

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Dumb sinkies will believe anything people say.
They raised the prices by 1% already (you won't notice it) and then announce they give you 1% discount. Easiest scam in the world.
 
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