NTUC Fairprice is not so fair after all despite its
publicly declared role to create an environment to help this
worker-population to cut cost of living.
By selling sub-standard products to unwitting and gullible
Singaporeans that misplaced their trust in the NTUC Fairprice
propaganda - Singaporeans are attracted by the supposedly low
priced bargains that require them to use more of the consumer items
to accomplish the same tasks.
Instead of giving the Singaporean consumer value for money - it
is NTUC Fairprice policy to extract value from their money
spent.
Looking at the NTUC
2006-2007 Financial Statements (see Pg 78) - one can see
the 100 per cent leap in the 2007 Operating Profits compared to the
results from 2006 .
How did they achieve this spectacular performance in a
cut-throat environment of retailing highly competitive cheap
consumer goods ?
This Corporate Policy has spread even to the insurance division
at NTUC Income - which even led to its ex-CEO to comment
that “NTUC
is less pro-society now”
NTUC's role in serving the Singapore public has turned from a
social support role to one of a profit oriented organization.
How else should we see the glass tower at No 1 Shenton Way that
is an iconic representation of how the new NTUC is out-of-touch
with the Singaporean masses toiling everyday and depending on the
sincerity of the NTUC to serve Singaporeans ?
Instead of building the billion dollar NTUC glass tower, that
same amount could have been used to provide Singaporeans with
quality goods to improve our health, our Standard of Living at the
same time to achieve Lower Cost of Living in Singapore.
What use has the NTUC Glass Tower at No 1 Shenton Way in serving
Singaporeans' needs ?
It is another glass castle to serve the vanity of the PAP
Minister's need to have one for himself, and equating themselves to
any successful property tycoon in Singapore.
With the "top management" PAP having profit making as their top
priority it is understandable why NTUC is no longer pro
society. I
That day I was so pissed off to see a great jump in price -
normal price for halal chicken thigh is $1.75, increase to $3.10,
$3.20. This is obviously cut throat! Afterall,
the NTUC housebrands are not that cheap. I
have made comparison. They are generally cheaper by 5
cents to 20 cents. No big deal.
With the ruling party having control over NTUC, we can only
expect them to continue the way they are or worse and worst in time
to come.
