SingPost to raise local postage rates by 20 cents, or 64.5pc, amid rising costs, falling mail volumes

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SingPost to raise local postage rates by 20 cents, or 64.5pc, amid rising costs, falling mail volumes
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SINGAPORE, Sept 19 — From October 9, it will cost 51 cents to post a letter or greeting card within Singapore, up from the current 31 cents — a 64.5 per cent rise. In a...

SINGAPORE, Sept 19 — From October 9, it will cost 51 cents to post a letter or greeting card within Singapore, up from the current 31 cents — a 64.5 per cent rise.

The company added that it will also simplify the domestic postage rate structure, such as by eliminating the weight criteria of mail to make postal services more user-friendly. “The global structural decline in postal volumes over the last decade brought about by digital disruption has impacted the commercial viability of postal firms globally,” it added.

The company said it also had to balance the need to “remain viable while safeguarding the interests of its shareholders”.

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