Sunday, September 23, 2007

AMK Hub Houses Seven NTUC Cooperatives Under One Roof

Source : Channel NewsAsia, 22 September 2007

The 19.3-ha AMK Hub is developed by the Singapore Labour Foundation, NTUC income and the NTUC supermarket chain.

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

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