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NTUC’s 12 Social Enterprises (SEs) were set up by the Labour Movement to support working families in Singapore. From daily essentials, health and wellness to education, training and financial services, the NTUC SEs have been serving working families for over 40 years.
Here are some interesting facts about NTUC Fairprice Co-operative Limited!
- The first NTUC FairPrice outlet, known as NTUC Welcome, opened its doors on 22 July 1973 at Toa Payoh Lorong 4. This store operates as NTUC FairPrice in the same location today.
- Pasar Organic by NTUC FairPrice is the first local organic brand that offers Asian vegetable varieties like bok choy, chye sim and kai lan. It was introduced when NTUC FairPrice launched its own organic assurance programme in 2008.
- Over 2.3 million textbooks, the equivalent of 69,000 trees, have been saved by the popular FairPrice Share-A-Textbook programme since its launch in 1982.
- If you put together NTUC FairPrice’s total retail space, it would cover the total floor area of both VivoCity and HarbourFront shopping malls.
- During the rice crisis of 2008 when rice prices skyrocketed, NTUC FairPrice was the first supermarket retailer to drop the price of rice and the last to raise it. It lowered the prices of eight types of housebrand rice between five to 12 per cent in anticipation of new shipments of rice that had been secured at lower cost.
- Nearly 15 and a half million dollars! That’s how much NTUC FairPrice’s Housebrand Discount Scheme has helped consumers save between 2007 to 2011. The programme was introduced to help shoppers tide through periods of high inflation and economic recession.
