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NTUC Fair Price in the market to control the cost ?
- Thread starter congo9
- Start date
Naw, I like to go to this neighbourhood provision store because its cheaper than NTUC.
If NTUC prices are so good why are there stores like Sheng Shiong around?
yup, that's true. pple go to NTUC probably becoz of a one-stop place to purchase groceries & fresh produce.
Yes its very ubfair to the provision stores. Not many around nowadays because of NTUC Fuckprice. They set out to kill the provision shops.
Plus they get free advertisements every time they hold or drop prices by our Leeporters. But their prices by and large are still higher if you scout around.
Also, there is now "pressure" by SFools on independent 4 D outlets to close shop according to the people running these outlets.
This so they can give these outlets to their own kakis like Fuckprice? Notice alot of FuckPrice have 4D outlets nowadays? Semi-monopoly?
At the time NTUC was formed, there was a general movement or fad to start a cooperative for members of a union or a group. There were even school cooperatives with dividends to students who joined as members. Student members help man the shop. Some formed housing cooperatives to encourage home ownership and provide cheap loans.
NTUC fairprice however due to link to Govt began getting unfair concessions and treatments that should not have been the case. They were given the best locations in housing estates and in latter years, estate design was done with them in mind. Like PAP kindergarden, NTUC pairprice followed the same trend.
It did however force provision stores to control prices and stop profiteering during the festive seasons. It went a little further than that when small provision stores could no longer compete.
However NTUC is no angel. When Carrefour first came to Singapore, it began to undercut NTUC prices. For instance it sold knife brand cooking oil cheaper. Then the director of Lam Soon Oil which produces Knife brand oil revealed that Chandra Das the then chairman of NTUC threathened to ban Lam Soon Oil products if they sold to Carrefour - so much for helping Singaporeans.
NTUC is a huge enterprise now but its one only goal is being a political instrument of the PAP. It helps create a positive image for an NTUC members and give a reason to hold membership. It offers employment to PAP members and associates. Teo Chee Hean wife is one of many examples. The present head is an MP. Chandra Das was an MP etc. I*t controls basic goods so that CPI reflects well on the government when real cost is well above that.
I have no doubt that it is well run, easily accesible and variety is good for the man in the street but do know that is not its purpose.
When Town councils were formed as a result of GCT, it broke the monopoly that NTUC had. Town councils began to compete and offer space at market rate. Sheng Siong and Giant entered the fray. One PAP mayor began competing against another PAP - something that they had not expected.
Welcome to Singapore and its brand of communism opps democracy
Comrades!
Danger is ants till you C., is becoming too colossal, too monoplistic...it collapses the end of SINgapore...no joke!
Can anyone tell me this!...it is a co-operative..that is, it operates under a Co-op licences, correct!...very different from the commercial companies out there!...is this UNfair? no?:p
NTUC is always selling items at very steep prices.
An alarm clock for $2.50 at ikea was selling at least $6.50 in NTUC. Frying pan for $13 sold in other provisional store was selling in NTUC for $20 (after discount). Detergents and other toiletries were even priced at 500% profit margin while you get it cheaply in china town or other provisional stores. Some of NTUC products can be bought at economical price in Daiso too. Whatever you see $2 in daiso, for similar items NTUC priced it double or higher. So are we really talking about ntuc FAIR price? Are the price really FAIR? If you still believe in what govt said, you are fucked for good. Same goes to their other proganda news like GST to help the poor, FT here to create jobs, Singapore is in golden period, Singaporean paying ministers at good bargain, Shitty Times give reliable news,.....and all other craps. :oIo:
An alarm clock for $2.50 at ikea was selling at least $6.50 in NTUC. Frying pan for $13 sold in other provisional store was selling in NTUC for $20 (after discount). Detergents and other toiletries were even priced at 500% profit margin while you get it cheaply in china town or other provisional stores. Some of NTUC products can be bought at economical price in Daiso too. Whatever you see $2 in daiso, for similar items NTUC priced it double or higher. So are we really talking about ntuc FAIR price? Are the price really FAIR? If you still believe in what govt said, you are fucked for good. Same goes to their other proganda news like GST to help the poor, FT here to create jobs, Singapore is in golden period, Singaporean paying ministers at good bargain, Shitty Times give reliable news,.....and all other craps. :oIo:
NTUC is an integral part of PAP.
All out to screw you and your money so their PAP chiefs , CEOs and running dogs can laugh all the way to the bank.
And you work and work with nothing to show at end of day.
Sinkies got what they deserved for not having balls to vote out LKY and PAP bastards.
All out to screw you and your money so their PAP chiefs , CEOs and running dogs can laugh all the way to the bank.
And you work and work with nothing to show at end of day.
Sinkies got what they deserved for not having balls to vote out LKY and PAP bastards.
NTUC fairprice on the whole is about affordable groceries.
but they have been on the change to offer more premium services n products with their "Xtra" outlets. these are not the staple cheap stores that NTUC is once known for.
just speak to the aunties that does the everyday shopping for groceries. they will be able to tell you which/what are cheaper. Sheng Siong, MCP etc, that's the cheaper place to get daily items.
but they have been on the change to offer more premium services n products with their "Xtra" outlets. these are not the staple cheap stores that NTUC is once known for.
just speak to the aunties that does the everyday shopping for groceries. they will be able to tell you which/what are cheaper. Sheng Siong, MCP etc, that's the cheaper place to get daily items.
NTUC is one big bully that tends to compete with local stores and minimarts and make life difficult for them.
Good points. Following are just some thoughts from your post.
I had heard from a distributor of Fairprice doing the same to his company too. But without evidence, hard to voice it.
Thus your example is very good. Glad to hear that it can now be spoken of objectively.
And it is a political instrument par excellence.
Whilst other countries show raging inflation of 20 to 40%, Fairprice introduced several housebrands at prices close to the original. The Department of Statistics would probably make Fairprice a major stop for their household goods component of the index.
This does not mean that your own inflationary cost is not 20 to 40%.
Rather it means that singapore's reported inflation rates are very low. Perhaps an example of form over substance.
.....
Political instability becomes a reality when the lowest denominator of the society has no incentive to be law-abiding.
Fairprice play a great part in ensuring this stability - both in its control of prices of essential goods, the gift of vouchers to family service centres and other organizations for distribution to the truly needy and ensuring adequate supplies of goods to prevent panic-buying. In times of turmoil, the provision shops may stockpile and sell the goods at exhorbitant prices but Fairprice has a wider objective.
Thus as one singaporean, i am grateful to Fairprice. Political anarchy may be attractive to some but i always hold to the belief that one must never cut off the nose to spite the face.
I was surprised to read this - that the man in the street does not know its purpose.
Here's to an enlightened electorate.
I had heard from a distributor of Fairprice doing the same to his company too. But without evidence, hard to voice it.
Thus your example is very good. Glad to hear that it can now be spoken of objectively.
And it is a political instrument par excellence.
Whilst other countries show raging inflation of 20 to 40%, Fairprice introduced several housebrands at prices close to the original. The Department of Statistics would probably make Fairprice a major stop for their household goods component of the index.
This does not mean that your own inflationary cost is not 20 to 40%.
Rather it means that singapore's reported inflation rates are very low. Perhaps an example of form over substance.
.....
Political instability becomes a reality when the lowest denominator of the society has no incentive to be law-abiding.
Fairprice play a great part in ensuring this stability - both in its control of prices of essential goods, the gift of vouchers to family service centres and other organizations for distribution to the truly needy and ensuring adequate supplies of goods to prevent panic-buying. In times of turmoil, the provision shops may stockpile and sell the goods at exhorbitant prices but Fairprice has a wider objective.
Thus as one singaporean, i am grateful to Fairprice. Political anarchy may be attractive to some but i always hold to the belief that one must never cut off the nose to spite the face.
I was surprised to read this - that the man in the street does not know its purpose.
Here's to an enlightened electorate.
If you look at the labels from those bought from provision shops e.g. toothpaste, tooth brushes, you'll notice that many have Malaysian and Thai labels and that is why they can sell the goods cheaper. NTUC somehow refuses to use the same tactic. But without NTUC, you think the provision shops will bother?
So without NTUC fairprice, there will be no competition among provision shops?
I remember you once said you were a scholar... is that true???
NTUC is one big bully that tends to compete with local stores and minimarts and make life difficult for them.
They also want to compete with other small/medium size business. I noticed NTUC has many housebrands for rice, mineral water, detergent, insecticide, tibits...just to name a few. Why must PAP compete with local businessman. Govt should not engage themselves in any form of businesses to compete with local citizens. I see conflict of interest in doing so.
NTUC is one big bully that tends to compete with local stores and minimarts and make life difficult for them.
NTUC force suppliers to reduce price whenever they "Give Discount" to Sinkies, else they just refuse to carry your product.
Making them look good!
The Lam Soon Oil case appeared in court documents and publicly revealed. The sad part is that knife brand oil is an essential household item in Singapore for years among the lower and middle income.
Our CPI does not come close to what the actual effect is.
Until Sheng Siong appeared on the scene, everyone thought that NTUC was cheaper. In life, never ever put all your eggs in one basket.
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