SingPost delivers a new business

[SINGAPORE] Singapore Post (SingPost) is well on its way to transforming itself from a government monopoly delivering letters and parcels into a highly competitive regional e-commerce power house in an age when email is fast replacing letters.

Domestic mail volume in Singapore has now been declining for two years in a row. The average Singaporean posts only six letters a year.

Wolfgang Baier, SingPost's group chief executive officer, notes that SingPost is working hard towards building up a solid e-commerce platform for its very survival.