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This is cause by one of their previous CEO who loaded SingPost with debt.
Now they need to service their debts. Without the debt Singpost should be able to operate without issues.
The govt should take some responsibility instead of passing the problem to us.
This is q govt link.cpmpany for which they have oversight.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Singpost is loss making because of poor management, not because postage rates are low. The govt should try to put the postal licence up for tender instead of giving it to Singpost year after year.
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By right should not list in the stock exchange. Like smrt just delist n serve the population as a civil service does.
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(05-07-2023, 07:00 PM)Bigiron Wrote: The government may allow SingPost to raise postage rates in order to remain viable.
https://cna.asia/3pzAIi8
Better raise 200%. I seldom or did not use the services..