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The rest is used to fatten the Familee's pockets and cover their massive punting losses?
<TABLE cellSpacing=0 cellPadding=0 width=596 border=0><TBODY><TR><TD colSpan=3 height=26></TD></TR><TR><TD vAlign=top width=5> </TD><TD vAlign=top width=591 colSpan=2>NTUC FairPrice donates S$3.5m to help workers cope with rising costs
By Imelda Saad, Channel NewsAsia | Posted: 29 August 2008 2235 hrs
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SINGAPORE : Singapore's supermarket giant NTUC FairPrice has donated S$3.5 million to the labour movement to help low-wage workers cope with the rising cost of living.
The money comes from the FairPrice Foundation - its philanthropic arm.
The Foundation was launched in March 2008, with a pledge of S$50 million over the next 10 years. Since the launch, FairPrice has contributed S$11.5 million to the Foundation.
FairPrice's new logo was also launched on Friday. Unveiling the new look at the Toa Payoh outlet was Singapore Minister Mentor Lee Kuan Yew.
It was a walk down memory lane for Mr Lee, who was at the very same site 35 years ago, launching the first supermarket by the labour movement. Then, it was called NTUC Welcome.
The new FairPrice logo is framed by the recently-launched NTUC hallmark "U". - CNA/ms
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<TABLE cellSpacing=0 cellPadding=0 width=596 border=0><TBODY><TR><TD colSpan=3 height=26></TD></TR><TR><TD vAlign=top width=5> </TD><TD vAlign=top width=591 colSpan=2>NTUC FairPrice donates S$3.5m to help workers cope with rising costs
By Imelda Saad, Channel NewsAsia | Posted: 29 August 2008 2235 hrs
<TABLE cellSpacing=0 cellPadding=0 width=260 align=right border=0><TBODY><TR><TD align=right width=20> </TD><TD align=right width=240>
</TD></TR><TR><TD> </TD><TD class=update> </TD></TR><TR><TD> </TD><TD></TD></TR></TBODY></TABLE>
SINGAPORE : Singapore's supermarket giant NTUC FairPrice has donated S$3.5 million to the labour movement to help low-wage workers cope with the rising cost of living.
The money comes from the FairPrice Foundation - its philanthropic arm.
The Foundation was launched in March 2008, with a pledge of S$50 million over the next 10 years. Since the launch, FairPrice has contributed S$11.5 million to the Foundation.
FairPrice's new logo was also launched on Friday. Unveiling the new look at the Toa Payoh outlet was Singapore Minister Mentor Lee Kuan Yew.
It was a walk down memory lane for Mr Lee, who was at the very same site 35 years ago, launching the first supermarket by the labour movement. Then, it was called NTUC Welcome.
The new FairPrice logo is framed by the recently-launched NTUC hallmark "U". - CNA/ms
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