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.
Read MoreSingapore Telecommunications Limited (“SingTel”) today announced that Singapore Post Limited (“SingPost”), currently a wholly-owned subsidiary of SingTel, has launched a S$300 million bond issue. The unsecured bonds will have a maturity of ten years with a coupon of 3.13 per cent per annum payable semi-annually with an issue price of par. The issue, which will be fully underwritten, is jointly lead-managed by The Development Bank of Singapore Ltd and UBS AG, acting through its business group UBS Warburg.
Read MoreSingPost Annual Report 2002/03
Read MoreSingapore Post (SingPost), a wholly owned unit of Singapore Telecommunications Ltd, said yesterday it has received approval from the Singapore Exchange for a mainboard listing. News indicating the imminent listing of SingPost has been coming in at regular intervals over the last few months. A terse statement from SingTel said that the SingPost divestment is the result of a strategic review of its assets.
Read MoreSingapore Post Pte Ltd has been permitted by the Foreign Investment Promotion Board (FIPB) to set up a joint venture subsidiary in India along with Consignia (Royal Mail) and the Netherlands-based TPG Group. According to the plans sanctioned by the FIPB, Singapore Post will form a 50:50 JV in India with Netherlands-based G3 Worldwide Mail. G3 Worldwide is a joint venture between three partners, the TPG Group, Consignia (Royal Mail) and Singapore Post.
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