Redemption Rate of SingapoRediscover Vouchers and Plans to Extend Their Utilisation and Validity
Ministry of Trade and IndustrySpeakers
Summary
This question concerns the redemption of SingapoRediscovers Vouchers (SRV), with Miss Cheng Li Hui asking about usage statistics and possible extensions to the scheme’s validity. Minister for Trade and Industry Gan Kim Yong stated that over 1.25 million citizens had used their vouchers as of 21 October 2021, resulting in $256 million of total expenditure. He highlighted that NRIC redemptions at community centres improved accessibility for seniors, while the F&B sector continues to benefit through curated collaborations with tourism businesses. Finally, Minister for Trade and Industry Gan Kim Yong noted that the government will monitor the current situation before deciding on any further extension of the SRV redemption deadline.
Transcript
6 Miss Cheng Li Hui asked the Minister for Trade and Industry (a) to date, what has been the redemption rate of SingapoRediscovers vouchers; (b) whether allowing Singaporeans to use their NRICs to redeem their vouchers at community centres and residents committees since 30 August 2021 has resulted in higher redemption rates; (c) whether the Ministry will consider allowing utilisation of the vouchers for other uses, such as dining, to support the food and beverage industry; and (d) whether the Ministry will consider further extending the expiry date of the vouchers.
Mr Gan Kim Yong: As of 21 October 2021, over 1.25 million Singaporeans have used their SingaporeRediscovers Vouchers (SRV) at least once. Collectively, about $256 million in vouchers and additional expenditure have been spent under the scheme.
The ability to use NRIC or other identification documents at selected Community Clubs/Centres and Residents’ Committee Centres in Singapore has made it easier for some groups, such as seniors, to redeem their vouchers. Alongside other efforts to enhance the redemption process, such as setting up SRV counters at attractions, more citizens have been able to redeem their vouchers and enjoy the tourism offerings in Singapore.
The SRV was designed to give Singaporeans an opportunity to rediscover the charms of Singapore and to support the core tourism sectors, such as hotels, attractions and tours. The SRV programme also benefits the F&B sector as many F&B establishments have collaborated with tourism businesses to curate packages that attract and draw local consumers to their outlets as well.
We will continue to monitor the situation before considering if an extension of the SRV redemption deadline is needed.