AMK Hub houses seven NTUC cooperatives under one roof
By Wong Mun Wai, Channel NewsAsia | Posted: 22 September 2007 1755
hrs
The 19.3-ha AMK Hub is developed by the Singapore Labour
Foundation, NTUC income and the NTUC supermarket chain.
SINGAPORE : The AMK Hub was officially opened to much fanfare on
Saturday after its soft launch in March.
The complex houses a record number of NTUC cooperatives under one
roof - seven in all.
It also houses hundreds of other tenants.
According to former labour chief Lim Boon Heng who officially
opened the Hub, the cooperatives are all for the people and by the
people.
Mr Lim is also Minister in the Prime Minister's Office.
NTUC declines to say how much it costs to have the cooperatives at
the mall but the decision for the central location is for the
convenience of union members, and the public at large.
Mr Lim, who is also Minister, Prime Minister's Office, says:
"The primary purpose of the
cooperatives is not to make money for the sake of making money. It
is to make money but at the same time to deliver the best value for
the customers, which means at the lowest price
possible. Generating profits so it can be a strong
organisation to do this job."
The Hub houses cooperatives like NTUC Childcare, NTUC FairPrice and
NTUC Income but the AMK Hub is not just about a new outlet for the
cooperatives.
The Minister says the cooperatives are also changing with the
times.
He cites the NTUC Childcare as an example, because it had tapped
research and development to create the right curriculum for
children.
The cooperatives are part of the almost 50,000 square metre
shopping centre. - CNA/ch
did he even know what he's talking about? how many of those
stuff out there is more expensive than Seng Shiong or Shop &
Save. To run a business to not to make money. Who is the million
dollar man trying to bull$hit. which business of theirs is not
making money? even essentials like medical is making $$$
