SingPost Plans 65% Stamp Price Hike to Counter Volume Drop
A SingPost POP Station in Singapore.
Photographer: Bryan van der Beek/BloombergThis article is for subscribers only.
Singapore Post will hike domestic postage rates by 65% next month as it grapples with escalating costs of maintaining the postal service and declining mail volumes.
The standard regular mail rate will be increased to S$0.51 ($0.37) from S$0.31 effective Oct. 9, the company said in a stock exchange filing Tuesday.