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SINGAPORE: The FairPrice Group (FPG) has hit the brakes on the costs of some seafood favourites and tossed in a candy deal on chosen veggies in a bid to lend a serving to hand to Singaporeans through the Chinese language New 12 months festivities.
The grocery big declared a value freeze on eight seafood alternatives, embracing the likes of Chinese language pomfret, crimson grouper, and contemporary tiger prawns. If that’s not sufficient, they’ve additionally dished out reductions on 5 veggie delights that includes enoki and shiitake mushrooms and a few Shanghai greens.
Why the freeze, you ask?
The transfer comes as Singaporeans grapple with the pinch of rising prices and a nudge-up within the Items and Providers Tax (GST) from eight to 9 per cent.
In response to FPG, “The worth freeze can be a part of FPG’s dedication to making sure that prospects have entry to high quality and reasonably priced produce for his or her Chinese language New 12 months celebrations – historically a time the place prolonged households and family members throughout Singapore collect to catch-up and deepen familial bonds.”
Vipul Chawla, the Group CEO of FPG, defined, “Larger demand for produce like seafood and greens through the festive interval inevitably drives costs up, and our value freeze is aimed toward serving to prospects alleviate this strain.”
Earlier than dropping the large information, FPG despatched its scouts out to moist markets in Ang Mo Kio, Bedok, Kovan, Seng Kang, Tiong Bahru, and Tekka Market. They had been on a mission from Jan 5 to 18, 2024, testing the “costs for standard contemporary produce.”
What they discovered wasn’t all sunshine and rainbows — costs for contemporary produce like Chinese language pomfret and crimson grouper had been sneaking up by a mean of 44% in these moist markets in comparison with FairPrice shops.
This isn’t FPG’s first rodeo in serving to the group shoulder the monetary load. They’ve been allotting a buffet of aid measures, from absorbing some GST to sprinkling CDC return vouchers as effectively.
So, as you gear up for the Chinese language New 12 months feast, know that FairPrice has your again. /TISG
The submit FairPrice freeze costs to assist Singaporeans have reasonably priced CNY festive feasts appeared first on The Unbiased Singapore Information – Newest Breaking Information
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