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8 July 2015

"BIG VALUE BAG: MADE FOR SINGAPORE" WORTH $35 MILLION TO MAKE ESSENTIAL ITEMS MORE AFFORDABLE FOR SINGAPOREANS

NTUC social enterprises coming together to benefit Singaporeans

______________________________________________________________________________

 

Singapore, 8 July 2015 – NTUC social enterprises today launched the “Big Value Bag: Made for Singapore” programme worth $35 million to benefit people in Singapore. It comprises discounts and savings on daily essentials, cooked food, health products and insurance plans.

 

Said NTUC Secretary-General Chan Chun Sing, “NTUC social enterprises understand that cost of living is one of the major concerns among Singaporeans. They stand with Singaporeans and have come together as one to offer the “Big Value Bag: Made for Singapore” to help Singaporeans cope in practical ways. This package of deals and discounts will make essential products more affordable for our fellow Singaporeans, and enable them to make every cent count.”

 

BIG VALUE BAG MADE FOR ALL IN SINGAPORE

The “Big Value Bag: Made for Singapore” initiative will run for six months, from July till end December 2015. It is specially designed for Singaporeans from all segments of the population, such as the low-income, middle-class (PMETs), and the elderly, and aims to:

  • Cut daily expenses for people in Singapore and make living more affordable
  • Give more to the community and help them “stretch the dollar”;
  • Make a difference and help those who need it most; and
  • Make Singaporeans feel good about being Singaporean because the “Big Value Bag: Made in Singapore” is made for one and all in Singapore.

The contents of the Big Value Bag include:

1.  Daily essentials sold at NTUC FairPrice supermarkets and hypermarkets:

NTUC FairPrice will provide a 10% discount on its extensive range of over 1,000 FairPrice, FairPrice Gold, Pasar, and Pasar Organic branded housebrand products. These essentials include staple foods and canned products, fresh and frozen foods, toiletries and household items.

 

The 10% discount of the “Big Value Bag: Made for Singapore” initiative is over and above the already lower-priced house brand products sold in NTUC FairPrice stores. Compared to other house brands in Singapore, NTUC FairPrice house brands are already sold at 10 – 15% lower than other popular brands.

 

Through the “Big Value Bag: Made for Singapore” initiative, daily essentials will be made even more affordable for one and all in Singapore. More examples of how different segments of the population can enjoy affordable daily essentials are at Annex A.

2. Cooked food sold at NTUC Foodfare outlets:

Coffee and tea will be sold from $0.60 at NTUC Foodfare coffee shops (and $0.70 at NTUC Foodfare food courts) throughout the day. This deal is particularly wide-ranging as it will impact most people who patronise coffee shops and food courts. For people who drink a few cups of coffee or tea a day, the savings can be palpable.

Other good deals from NTUC Foodfare include the All Day Set – chicken curry rice set at $2, sold at food courts, coffee shops, and rice garden stalls; and the Afternoon Tea Set consisting Big Pau (halal) and coffee or tea at $1.50 sold at all NTUC Foodfare drink stalls. See Annex B.

NTUC Foodfare aims to make everyday meals cheaper by pricing food popular with Singaporeans cheaper than normal, so everyone has the chance to enjoy the savings.

3. Good deals at NTUC Income:

NTUC Income will give $1,000 cash to those who graduated from local universities, polytechnics and the Institute of Technical Education over the last three years when they purchase any of the Regular Premium Life Policies (including any applicable riders) with a minimum annual premium of S$2,000 from 20 Jul to 31 Dec 2015. This move demonstrates NTUC Income’s concern for the future generation, and its intention to help our young people, who are just starting out in life, create a brighter future for themselves.

 

NTUC Income will also give $30 rebate to existing motorcycle insurance customers when they renew their policy between 1 Sep 2015 and 31 Aug 2016. During the same period, new motorcycle insurance customers will receive $30 shopping vouchers. This initiative is designed specially to reach out to 80,000 policyholders who ride for a living, and who can do with any assistance to help them moderate their living expenses. See Annex B.

4. Health supplements from NTUC Health’s Unity pharmacies:

NTUC Health will be offering customers a “buy three for the price of two” deal for the following Unity house brand supplements:

  • Vitamin B Complex + C 60’s
  • Glucosamine + Chondrotin 300’s
  • Multivitamins & Minerals 60’s
  • Multivitamins & Minerals Senior 60’s
  • Calcium 600mg Plus 60’s       
  • Vitamin C 500mg Chewable 60s
  • Vitamin C 1000mg + Zinc 10mg Effervescent 10’s x 3
  • Vitamin B Complex Plus Effervescent 15’s x 2
  • Omega3 Fish Oil 1000mg 180’s

These house brand supplements are already priced between 20 – 33% lower than national brands. With the “Big Value Bag: Made for Singapore” deal of three for the price of two, the savings to customers are even higher. This underscores the importance NTUC Health attaches to its role of enhancing Singaporeans’ health and well-being. Annex B has a table to show the supplements under this programme that are popular with the elderly and working adults.

NTUC SOCIAL ENTERPRISES ARE DIFFERENT FROM COMMERCIAL BUSINESSES

NTUC social enterprises exist to benefit Singaporeans, and to enable them to live better and more meaningful lives. Unlike commercial businesses, NTUC social enterprises are not driven by profits for shareholders. Undergirding the different businesses of NTUC social enterprises is the mission to drive social outcomes. Therefore, they are willing and prepared to accept lower profit margins so as to empower Singaporeans to afford essentials and stretch their dollar.

Said Mr Tan Suee Chieh, Group Chief Executive Officer, NTUC Enterprise: “NTUC social enterprises are committed to doing good for our Singapore society, and delivering meaningful social outcomes to Singaporeans every day. The “Big Value Bag: Made for Singapore” harnesses the collective strength of our NTUC social enterprises to address Singaporeans’ concerns in a very practical and pragmatic way – in our supermarkets, food courts, pharmacies, and insurance branches. We hope that with our “Big Value Bag: Made for Singapore”, we will enable all Singaporeans access to affordable essentials that will make their lives better”.

NTUC SOCIAL ENTERPRISES HAVE CAPACITY AND CAPABILITY TO HELP

NTUC Secretary-General Chan Chun Sing added: “NTUC social enterprises are professionally run and mission-oriented to deliver social outcomes. Hence, while they aim to achieve sustainability for their business, they will not maximise profit as an end in itself. Instead, they pump profits back into the businesses as well as create greater value for their customers.”

NTUC social enterprises have the capacity and capability to help all in Singapore live better lives. An integrated group, NTUC social enterprises cover a spectrum of fields including the daily essentials and cooked food, insurance, education for pre-schoolers as well as adults, and health. These cover major aspects of a Singaporean’s life, and aim to meet his/her needs throughout his/her life-cycle. This “Big Value Bag: Made for Singapore” initiative is but one of the ways that the NTUC social enterprises are doing to meet the needs of people in Singapore.

-End -

Annex A

INFORMATION SHEET ON EXAMPLES OF HOW DIFFERENT SEGMENTS OF THE POPULATION CAN ENJOY AFFORDABLE DAILY ESSENTIALS

 

TYPICAL BASKET FOR YOUNG COUPLE

   

 

CATEGORY

DESCRIPTION

UP ($)

BVB ($)

 

1

Rice

FairPrice Brown unpolished rice 2.5kg

5.50

4.95

 

2

Oil

FairPrice Pure olive oil 2l

22.95

20.65

 

3

Paper

FairPrice Gold Facial paper 3ply 4pk 140sh

4.35

3.91

 

4

Soap

FairPrice Moist hand soap 500ml

2.50

2.25

 

5

Cereal

FairPrice Instant oatmeal foil 800g

3.90

3.51

 

6

Tea

FairPrice Japanese green tea bag 50's 2g

5.15

4.63

 

7

Condiments

FairPrice Chicken rice mix 180g

2.65

2.38

 

8

Dairy Spread

FairPrice Reduced fat cheese 250g

4.25

3.82

 

9

Chilled Milk

FairPrice High calcium unswt soya milk 1l

1.70

1.53

 

10

Fruits

Pasar SA Fuji apple   

3.95

3.55

 

11

Fruis

Pasar Australian mandarin 900g

4.95

4.45

 

12

Vegetables

Pasar Organic baby bok choy 250g

3.65

3.28

 

13

Poultry

Pasar Fresh chicken breast boneless(halal)  kg

10.80

9.72

 
 

TYPICAL BASKET FOR COUPLE WITH FAMILY

   
 

CATEGORY

DESCRIPTION

UP ($)

BVB ($)

 

1

Rice

FairPrice Gold sup fragrant rice 5kg

12.80

11.52

 

2

Baby

FairPrice Baby wipes 200s

4.95

4.45

 

3

Baby

FairPrice Baby diapers l 48s

12.50

11.25

 

4

Detergent

FairPrice Anti-bacterial liquid laundry detergent – flora 1litre

1.85

1.66

 

5

Canned fish

FairPrice Tuna flakes in water 185g

1.95

1.75

 

6

Cereals

FairPrice Instant cereals vanilla 20s 30g

3.15

2.83

 

7

Vegetable

FairPrice Mixed veg 1kg

3.80

3.42

 

8

Frozen snacks

FairPrice Roti prata 32's 1kg

7.50

6.75

 

9

Fruits

Pasar USA cherries 454g                     

7.95

7.15

 

10

Vegetables

Pasar Sweet corn 2s

1.10

0.99

 

11

Eggs

Pasar 30 fresh egg 30s

3.30

2.97

 

12

Poultry

Pasar Farm fresh chicken halal  1.4kg

7.45

6.70

 

 
 

TYPICAL BASKET FOR THE ELDERLY

   

 

CATEGORY

DESCRIPTION

UP ($)

BVB ($)

 

 

1

Rice

FairPrice Jasmine fragrant rice 5kg

7.80

7.02

 

 

2

Diapers

FairPrice Adult diapers s control  12s

10.60

9.54

 

 

3

Oil

FairPrice 100% canola oil 2 litres

6.80

6.12

 

 

4

Bread

FairPrice Wholemeal bread 300g

1.15

1.03

 

 

5

Condiments

FairPrice Nonya kaya 250g

2.20

1.98

 

 

6

Prepacked food

FairPrice Tau kwa 2's 400g

0.95

0.85

 

 

7

Dairy spread

FairPrice Olive oil spread 375g

4.70

4.23

 

 

8

Fruits

Pasar HK papaya (m)                                     

2.00

1.80

 

 

9

Vegetables

Pasar Prepacked carrots 500g

0.89

0.80

 

 

10

Eggs

Pasar Fresh egg 10s 55g

1.50

1.35

 

 

11

Poultry

Pasar Kampong chicken (halal) 900g

7.40

6.66

 

 

 

Typical basket for young adult

   

 

Category

Description

UP ($)

BVB ($)

 

 

1

Frozen process

FairPrice Chicken nuggets original/spicy 850g

6.45

5.80

 

 

2

Frozen process

FairPrice Frozen salted soy bean 500g

2.90

2.61

 

 

3

Fruits

Pasar Australian peach 1kg    

7.90

7.11

 

 

4

Vegetables

Pasar Organic cherry tomatoes 250g

3.20

2.88

 

 

5

Cereals

FairPrice Cornflakes 250g

2.95

2.65

 

 

6

Milk

FairPrice Low fat milk 1 litre

1.90

1.71

 

 

7

Snacks

FairPrice Potato chip - original 80g

1.20

1.08

 

 

8

Noodles

FairPrice Cup noodles - Tom Yum 70g

1.00

0.90

 

 

9

Biscuits

FairPrice Lemon biscuits 200g

1.45

1.30

 

 

10

Condiments

FairPrice Tomato ketchup 320g

0.85

0.76

 

 

 

Annex B

INFORMATION SHEET ON NTUC FOODFARE, NTUC INCOME AND NTUC HEALTH’S OFFERINGS FOR DIFFERENT SEGMENTS OF THE POPULATION

NTUC Foodfare discounts to make everyday meals cheaper so everyone has the chance to enjoy the savings.

 

FOOD AND BEVERAGE ITEMS

NTUC FOODFARE OUTLETS

All Day Coffee and Tea at $0.60

NTUC Foodfare coffee shops

All Day Coffee and Tea at $0.70

NTUC Foodfare food courts

All Day Set – chicken curry rice set at $2

NTUC Foodfare food courts, coffee shops, and rice garden stalls

Afternoon Tea Set (Big Pau (halal) and coffee or tea at $1.50

NTUC Foodfare drink stalls

 

NTUC Income deals to help young people who are just starting out in life to create a brighter future for themselves, and for the 80,000 motorcycle insurance policyholders to help them moderate their living expenses.

 

FOR FRESH GRADUATES

FOR MOTORCYCLE RIDERS

$1,000 cash for fresh graduates* who purchase the Regular Premium Life Policies (including any applicable riders) with a minimum annual premium of S$2,000 from 20 Jul to 31 Dec 2015.
 

*Fresh graduates refer to Singaporean citizens who have graduated from local universities, polytechnics or ITEs within the past three years from the date of submission for the Applicable Policy.

$30 rebate to existing motorcycle insurance customers when they renew their policy between 1 Sep 2015 and 31 Aug 2016.

 

NTUC Health (NTUC Unity pharmacy) offer health supplements popular with the elderly and working adults

 

FAVOURITES WITH ELDERLY

FAVOURITES WITH WORKING ADULTS

Glucosamine + Chondrotin 300’s

Multivitamins & Minerals 60’s

Multivitamins & Minerals Senior 60’s

Vitamin C 1000mg + Zinc 10mg Effervescent 10’s x 3

Calcium 600mg Plus 60’s       

Vitamin B Complex Plus Effervescent 15’s x 2

Vitamin C 500mg Chewable 60’s

Omega3 Fish Oil 1000mg 180’s

Vitamin B Complex + C 60’s

 

Omega3 Fish Oil 1000mg 180’s

 

 

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