First hike in postal rates in eight years on Oct 1

SingPost to spend S$100m to improve infrastructure & ops and to increase staff

POSTAGE rates will go up from Oct 1, creating additional revenue for Singapore Post (SingPost) as the national postal service provider grapples with a challenging operating environment and higher costs.

In an announcement to the Singapore Exchange (SGX) on Tuesday, SingPost said the revision to postage rates would be the first since 2006, while costs (including labour and fuel) have gone up nearly 50 per cent. And while expenses are trending upwards, the opposite is true for domestic mail volumes,...

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