Amidst concerns on rising cost of living, Kopitiam (KPT) and NTUC Foodfare, under NTUC FairPrice Group, are launching a new initiative to help our workers access cooked food and drinks at lower prices. By the end of this year, 2.4 million NTUC Members and NTUC Link Members will be able to benefit from 10 per cent savings when they pay using the NTUC FairPrice app for spendings at KPT outlets – at all stalls in all KPT food courts; and all drinks kiosks in all KPT outlets. This initiative, with other deals offered by NTUC Social Enterprises in the month of May, aims to help workers cushion the impact of rising inflation. This is in line with NTUC’s mission of helping our workers earn a better living and live a better life. NTUC believes that a longer term and more sustainable approach for our workers to cope with rising cost of living is through better skills so that they can get better jobs with better wages.
NTUC Social Enterprises – Managing Cost of Living
NTUC Social Enterprises were set up with the social mission of ensuring that our workers and families have accessible, affordable and quality goods and services through three key areas: to set price benchmarks to moderate prices, step up during times of need to help workers tide over challenging times, and offer everyday savings every day to keep costs manageable.
Setting price benchmark to moderate prices
To protect our workers from the impact of rising prices, NTUC Social Enterprises have been setting price benchmarks to moderate the prices of daily necessities such as holding prices of over 700 items competitively priced or at the lowest price compared to other retailers. Late last year, NTUC FairPrice brought down the cost of Antigen Rapid Test (ART) kits by about half to relieve the financial burden on workers who need to use it frequently, including workers who were required to undergo routine rostered testing.
Stepping up during times of need
When the pandemic hit Singapore in 2020, NTUC Enterprise announced a $50 million support package which comprised various initiatives to help with the cost of living. In 2021, NTUC Enterprise announced a $20 million package to manage the cost of living and help stretch savings across different areas of needs such as insurance, health care, education, and financial planning. This year, our NTUC Social Enterprises also stepped up to hold prices for breakfast sets as well as hot kopi and teh at all Kopitiam and NTUC Foodfare outlets until end of 2022 to help manage escalating cost.
Offering everyday savings to keep costs manageable
There are savings every day for different target audiences at NTUC FairPrice, from Monday to Sunday, for example, discounts for elderly from Mondays to Wednesdays, discounts for CHAS Blue cardholders on Thursdays. Refer to Annex A for details.
As part of a new initiative under NTUC FairPrice Group, 2.4 million NTUC Members and NTUC Link Members will get to enjoy 10% savings, in the form of cash discounts and Linkpoints, on transactions made via the NTUC FairPrice mobile application. The programme, which was piloted at two KPT food courts (Kopitiam Food Hall at Jurong Point and the Cantine by Kopitiam at Northshore), will be progressively rolled out at all stalls in all 46 KPT food courts and at all drink kiosks in 80 KPT outlets by the end of 2022. Refer to Annex A for details.
With the rollout of the 10% savings at KPT outlets, NTUC members will be able to enjoy greater convenience as they can make payments or redeem Linkpoints through the NTUC FairPrice mobile application. This is part of NTUC’s digitalisation efforts to better serve our members and customers – with greater adoption of the FairPrice mobile application, it will also reduce the need to top up stored value in the current Kopitiam physical card.
Throughout the month of May, NTUC Social Enterprises are also offering various initiatives to help members and workers save more. These include:
Bringing back 50% off four items every week at all NTUC FairPrice outlets.
From 28 Apr to 25 May 2022, NTUC members and NTUC Link members may enjoy 50 per cent discount on four selected items each week at NTUC FairPrice. Refer to Annex A for details.
Bringing back 50 cents Kopi or Teh at KPT and NTUC Foodfare.
From 1 May to 31 May 2022, NTUC members can enjoy a cup of hot Kopi or Teh at 50 cents at all 80 KPT and NTUC Foodfare food courts and coffee shops across the island. Refer to Annex A for details.
For more initiatives by other NTUC Social Enterprises and with merchant partners, refer to Annex B for details.
NTUC’s Group of Social Enterprises Stand Ready to Care for Workers
For more than 50 years, NTUC Social Enterprises have been serving the needs of our members, workers and families in areas like daily essentials, cooked food, childcare, health, eldercare and financial services. When Singapore was at the height of the pandemic, many workers were facing difficulties in securing their livelihoods. NTUC helped to protect the jobs of workers and ensured fair outcomes for those who lost jobs. At the same time, NTUC’s social enterprises stepped up to help them cushion the cost of living. This is NTUC’s commitment to our workers and members – that NTUC will be alongside our workers and their families at all times.
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