FairPrice Group celebrated its 50th anniversary on Saturday with a pledge to moderate the cost of living for Singaporeans. It will do so by setting the benchmark for prices of daily staples and keeping food and essentials within reach of consumers and readily available, said group...
Speaking to some 2,000 guests at the event, PM Lee recalled how the first NTUC supermarket was opened by the Government in 1973 during a period of sharp global inflation, when food prices in Singapore rose by more than 40 per cent in a year.
It also rolled out a FairPrice on Wheels programme during the circuit breaker, when it had vans deliver daily essentials to residents in selected estates. He cited how FairPrice extended the Pioneer Generation, Merdeka Generation and Chas Blue discount schemes in 2022, and saved customers over $11.5 million.
He noted that while FairPrice Group is a social enterprise, it is also operating as a business in a market economy, having to pay rent, wages, and taxes along with other commercially run supermarkets. “It therefore has to work doubly hard to continually reinvent itself and stay ahead of competition.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FairPrice Group celebrates 50th anniversary with pledge to moderate cost of livingFairPrice Foundation also donated $50 million to the Health for Life Fund Read more at straitstimes.com.
Read more »
Former ‘Mr FairPrice’ who spearheaded legislation: 5 things to know about Speaker nominee Seah Kian PengHe was formerly Deputy Speaker from 2011 to 2016. Read more at straitstimes.com.
Read more »
Former ‘Mr FairPrice’ who spearheaded legislation: 5 things to know about Speaker nominee Seah Kian PengMr Seah Kian Peng, 61, will be nominated as the next Speaker of Parliament come August. Mr Seah will take on the role left vacant by his former...
Read more »
Former ‘Mr FairPrice’ who spearheaded legislation: 5 things about Speaker nominee Seah Kian PengHe was formerly Deputy Speaker from 2011 to 2016. Read more at straitstimes.com.
Read more »
HK actor Tony Leung makes surprise cameo in K-pop girl group NewJeans’ music videoKUALA LUMPUR — Veteran Hong Kong actor Tony Leung Chiu-wai is taking a step into the K-pop scene — sort of.
Read more »
Dominant Spain crush Costa Rica 3-0 in World Cup group openerWELLINGTON : Spain began their Women's World Cup campaign in scintillating fashion by beating Costa Rica 3-0 in their Group C opener on Friday thanks to an own goal and first-half strikes from Aitana Bonmati and Esther Gonzalez.The teams had played out a draw when they faced each other on their World Cup
Read more »