NTUC Enterprise's acquisition of Kopitiam cleared by competition watchdog
Read more at https://www.channelnewsasia.com/news/singapore/ntuc-acquisition-kopitiam-cleared-by-cccs-foodfare-11048566
20 Dec 2018 01:04PM (Updated: 20 Dec 2018 01:10PM)

Ricky Lim

Actually the food in both NTUC foodfare and Kopitiam are not bad - and the discount card scheme :-
(1) Plus for NTUC - that give linkpoints and cash
(2) Kopitiam card - that five 10% discount

is value for money.

Can see that most of the time, we can hardly find seats during lunch time and dinner time.
And many people also patronise during off peak hours. === for both NTUC Foodfare and Kopitiam.

Both are my favorite food courts - got aircon, comfortable, good ambience, though slightly pricey (compare to hawker centre) - but good value for money.

Also their coffee is very nice.

Like · Reply · 1m · Edited

Eddie Lim

Ntuc food courts arent any better. With GST 7% on everything through importers, distributors, wholesalers, retailers n consumers means it's not linear but exponential multiplication of cost resulting it's increase of at least 300%. But to date, most businesses only increase their prices 2x to earn less. This of cos cant last forever with further ever increase in oil price resulting in increase in everything. Yet N instructed their stalls to sell low price including mandatory of at least one dish at $3 which is often of the worse quality among their whole range of lousy food which customers won't return. The culprit is GST taxing on everything!

Like · Reply · 1h

Ricky Lim

Your understanding of compounded GST is wrong.

Refer to IRAS GST tax - on how GST is levied :-

"This input tax credit mechanism ensures that only the value added is taxed at each stage of a supply chain."

Output Tax - Input Tax (where business can reclaim) = Net GST.

To summarise :-
If the goods is $100, only $7 GST is paid in total --- for the whole entire supply chain - if i am not wrong.

Like · Reply · 1m