Singapore Post seeks postal rate hike amid listing plans
Singapore Post is seeking to raise postal rates for the first time in eight years, a move which, if successful, could help lift revenue.
The Infocomm Development Authority of Singapore, the industry regulator, said it is studying a request to raise rates from the Singapore Telecom unit.
But the IDA declined to say when it is expected to make a decision.
SingPost’s request comes amid plans by its parent to sell shares in the postal unit this month through an initial public offer.
