Over 500 industry partners (companies from five industries) will cut down on the amount of packaging waste produced as part of a new initiative by National Environment Agency to reduce waste/ wastage.
Looks like a good move in the sense that with high wastage then indirectly the high cost of , which is also not helped by increasing freight and logistic costs. As mentioned in the article, it was also hoped that more eco-friendly types of packaging, that can be more easily recycled, would come about as a result of this initiative. Have to mention that this is a voluntary scheme.
Hopefully this will lead to cost savings which then translates into savings (after the GST Hike!!!!)for the consumer.
Now, everything also expensive- all increase 2% then in the end, consumer buy many many 2 percent at the least.
Just hope that at the end of 1 year, I see more elderly getting more benefits through the hike and that these elderly can now afford to choose what and where to eat their 3 meals.