Two Cooperatives Seacare and Istoria Singapore Inks Memorandum of Understanding

In brief:

Visit e-Samudra or Issue 5 (20/21) for more stories.

SOS Samudra: Seacare Cooperative and Istoria Cooperative Singapore

Ms Shena Foo (left) and Mr Ronald Low (right)

Two co-operatives got together to ink a Memorandum of Understanding (MOU) to leverage on each other’s strengths and to boost business sustainability.

Seacare Co-operative and Istoria Co-operative Singapore Limited signed an agreement on 4 January 2021 to allow members to enjoy preferential rates for services provided by both co-operatives.

With the MOU, Istoria would provide a reduced rate for Seacare members enrolling or engaging in its programmes and services such as photography, videography and office administration support. In return, Istoria members would receive preferential rates for Seacare’s hospitality, food & beverage and medical services.

The MOU was signed by Seacare Deputy Chairperson, Shena Foo and Istoria’s Founder and Chairman Ronald Low. This is Seacare’s second MOU with a SNCF-affiliated co-operative; the first being with the Methodist Co-operative in 2017.

In other Seacare related news:

SNCF has a new CE – Veteran unionist Ang Hin Kee was appointed Chief Executive of the Singapore National Cooperative Federation (SNCF) on 1 November 2020, succeeding Ms Dolly Goh.

The former Member of Parliament in the Ang Mo Kio Group Representation Constituency will continue to serve as the Assistant Director-General of the National Trades Union Congress (NTUC), and its Director of Operations and Mobilisation. Mr Ang brings to SNCF more than 15 years of experience in working closely with the ground to ease employment and employability concerns.

Co-operatives exist to benefit members and help to improve lives. COVID-19 underscores the social role of co-operatives in helping members tide over difficult times from holding prices of everyday essentials to providing special loans, monetary and other forms of donations. In sharing a common set of values and principles to enhance the cohesiveness of society, co operatives have shown again and again the power of Singaporeans working together to ride out the fiercest storms.

– Mr Ang Hin Kee, SNCF CE

SNCF has a new Chairman – SNCF has announced the appointment of Mr Tng Ah Yiam as its chairman on 8 Jan 2021. Mr Tng took over the position from the late Mr Kwek Kok Kwong. Mr Tng is also the Chief Procurement Officer at FairPrice Group, comprising NTUC FairPrice Co-operative, NTUC Foodfare Co-operative, Kopitiam and NTUC Link.

Co-operatives have come a long way, helping to improve lives since its early days by tackling social issues and supporting members through difficult times. Our co-operative values such as mutual help and co-operation are even more relevant in this current climate. Besides working together with our co-operatives to create more value, opportunities and impact for our members and the broader community. I also look forward to continuing Kok Kwong’s work in advocating for collaboration and youth engagement to help businesses and upcoming generations embrace and embody the unique business model of cooperatives to do good and do well.

– Mr Tng Ah Yiam, SNCF Chairman