SingPost's net profit to plummet in FY13

4 Sep 2012 - Singapore Business Review
Blame it on cost pressure that is keeping bottom-line growth subdued. Here's more from Maybank Kim Eng: Transformation impacts only the top line. We appreciate Singapore Post’s transformation effort. In recent quarters, we have started to see some positive momentum in revenue thanks to the investments ...
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You won't believe this is SingPost's secret asset

24 Aug 2012 - Singapore Business Review
The Postman apparently has a S$765m-worth of jewels in its hands. According to OCBC, with current high property prices in Singapore, an increasing number of companies have listed their property assets due to favourable valuations, though these have been mostly limited to hospitality assets so far this ...
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SingPost fast-tracks transition into a regional, digital powerhouse

31 Jul 2012 - Singapore Business Review
Another quarter of declining profits puts pressure on the firm to speed up investments outside its now low-margin domestic mail segment. “As part of our transformation programme, we will continue to invest into people, technology and operations as we scale up our businesses not just in Singapore but ...
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Singpost forced to appoint independent assesor for late mail

4 Jul 2012 - Singapore Business Review
Part of anew plan to bring fines up to $50,000 for late mail. The Infocomm Development Authority of Singapore (IDA) has revised the Quality of Service (QoS) framework for postal services. A key change is the increase in financial penalty for breach of the standards – a penalty of up to S$50,000/month ...
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SingPost to pay a whopping $50,000 fine if they fail to deliver on time

29 Jun 2012 - Singapore Business Review
So is it time to say goodbye to snail mail? According to a release, the Infocomm Development Authority of Singapore (IDA) has revised the Quality of Service (QoS) framework for postal services. This revised framework will be applicable to Singapore Post Limited’s (SingPost) basic letter delivery service ...
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Parcel business could deliver SingPost from mail decline

18 Jun 2012 - Singapore Business Review
Quantium Solutions and vPOST will leverage on SingPost's regional footprint and already analysts are seeing growth prospects from these investments. Meanwhile, SingPost is forecasted to undertake some large-scale acquisitions this year or the next, as it is currently sitting on a cash balance of SG$617m. ...
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SingPost rebound will take time to brew

1 May 2012 - Singapore Business Review
It could take as much as three years before the company could rise out of the earnings red, predicts DBS. Singapore Post is in the middle of a diversification transition, and has been ramping up its expenses to more fully develop its so-called digital and e-commerce segments. Here's more from DBS: Costs ...
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