Supermarkets roll out promotion deals for those spending CDC vouchers
SINGAPORE – Major supermarkets are introducing promotions for the use of the latest $500 CDC vouchers launched on May 13.
FairPrice Group (FPG) will give a $6 return voucher for every $60 worth of CDC supermarket vouchers spent in a single transaction at any FairPrice store from May 13 to 19.
No minimum spending amount is required for customers to use their $6 return vouchers. Customers can also use multiple return vouchers in a single transaction. The return vouchers will be valid for use from the day after they are issued, until June 15.
The latest and seventh tranche of CDC vouchers was launched by Prime Minister and Finance Minister Lawrence Wong at Nee Soon South Community Club.
PM Wong had announced during his Budget 2025 statement on Feb 18 that all Singaporean households would receive an additional $800 in CDC vouchers in two tranches: $500 in May 2025 and $300 in January 2026.
The vouchers are split equally between spending at participating supermarkets and at participating heartland hawker stalls and merchants.
They expire on Dec 31, 2025.
FPG chief executive Vipul Chawla said: 'Singaporeans have shown incredible strength and spirit in the last few months of global uncertainty, and as the nation's largest retailer, we want to recognise the hard work they put in every day to lead more fulfilling lives.
'This third wave of FairPrice return vouchers is our way of helping to make every day a little better for all in Singapore, by keeping daily essentials within reach.'
Customers at Giant, Cold Storage, CS Fresh and Jasons Deli will also get a $6 return voucher when they spend a minimum of $60 with their CDC vouchers in a single receipt from May 13 to 19. The return voucher may be redeemed only from a day after the date of issue till May 27, with no minimum spend.
Sheng Siong will be giving out special discounts of up to 50 per cent on selected products, including eggs and rice, when customers spend $50 in a single receipt using CDC vouchers, from May 13 till June 11.
Source: The Straits Times © SPH Media Limited. Permission required for reproduction
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Economic data: NFIB small business optimism (May) Earnings: Academy Sports and Outdoors (ASO), Dave & Buster's (PLAY), GameStop (GME), The J.M. Smucker Company (SJM), Stitch Fix (SFIX) Here are some of the biggest stories you may have missed overnight and early this morning: The labor market is creating new jobs — but maybe not yours Trump says China 'not easy' as trade talks to continue Tuesday IBM takes a big step toward useful quantum computing China stocks drop suddenly in wait for trade talks Big Tech is driving bullish flows in US stocks: Citi Nvidia, HPE to build new supercomputer in Germany Reddit vs. Anthropic: The AI scraping war is heating up again Wary Wall Street positioning leaves room for S&P 500 to rally Here are some top stocks trending on Yahoo Finance in premarket trading: Tesla, Inc. (TSLA) stock rose 2% before the bell on Tuesday, after being hit with 2 downgrades on Monday due to the fallout from CEO Elon Musk and President Trump's dustup. Tesla's robotaxi test is set to take place on June 12 in Austin, Texas. McDonald's (MCD) shares fell over 1% in premarket trading today after analysts at Morgan Stanley downgraded the fast food company on Monday to a Hold from a Buy. Morgan Stanley also cut its price target to $324 from $329. Bloomberg reports: US technology heavyweights have attracted a flurry of bullish bets as optimism around the economic outlook overshadows trade concerns, according to Citigroup Inc. (C) strategists. Long positions in the technology-heavy Nasdaq 100 (^NDX) increased by more than in the S&P 500 (^GSPC) last week, the team led by Chris Montagu wrote in a note. Exposure has been mainly driven by new bullish bets, while short bets steadily declined across indexes, they said. Read more here. Chinese stocks fell on Tuesday ahead of the second day of trade negotiations between the US and China. Investors are cautious as the two biggest economies seek to resolve some contentious issues. Bloomberg News reports: Read more here. When President Trump set off a global stock market slump in April with his package of sweeping new tariffs, small investors across Asia rushed to the US stock market to buy the dip. Now they're backing away, data for May shows. Bloomberg reports: Read more here. Apple (AAPL) is holding its highly anticipated annual developers' conference. Yahoo Finance's Daniel Howley reports from Silicon Valley: Apple on Monday announced sweeping changes to its product ecosystems, including a wide-ranging revamp of its iOS operating system for its iPhones, as well as the software that powers its iPads and Macs. The updates, which the company debuted as part of its WWDC developer event held at its headquarters in Cupertino, Calif., mark the biggest shift in Apple's software design in years. Still, the improvements were light on new AI capabilities at a time when Wall Street is looking for Apple to prove it can compete in the space. ... While Apple showed off a handful of new features for its Apple Intelligence platform, it's unlikely to quell fears that the company is falling behind the likes of Microsoft and Google in the rapidly evolving space. Read more on Apple's announcements here. Sign in to access your portfolio
