SingPost has just announced that they will be raising local and international postage rates. Local postage for 20g and below will increase 4 cents from the current 26 cents to 30 cents. International rates will increase between 5 to 25 cents depending on the country zones.
SingPost has also highlighted the adjustment will help fund $100 million to provide service enhancements such as improving sorting infrastructure for higher accuracy in mail service, hiring 200 additional delivery staff, quality control checkers, extended delivery day (Saturday) , 24/7 customer service hotline and more. For the full press release, click on the PDF document link below.
To mitigate the impact, SingPost will give 5 cent rebate on franked mail for a year starting from 1 October 2014, every household will receive 6 free local stamps and charity organisations enjoy free postage.
Click here to view PDF document of SingPost official press release on the rate adjustments. Details include new local and international postage rates.