The Infocomm Development Authority of Singapore (IDA) has rejected SingPost's tariff application1 to increase the domestic postage rates for the 20g and 40g weight step mails. This decision was arrived at after a detailed review of SingPost's proposal and an audit of SingPost's figures...
Singapore, 6 June 2003 | For Immediate Release
The Infocomm Development Authority of Singapore (IDA) has rejected SingPost's tariff application1 to increase the domestic postage rates for the 20g and 40g weight step mails. This decision was arrived at after a detailed review of SingPost's proposal and an audit of SingPost's figures.
IDA's review sought primarily to determine whether SingPost's request was justified. SingPost had justified the proposed increase on grounds of recovering higher operating costs. IDA's audit and review of SingPost's proposal concluded that SingPost's current postage rates for the 20g and 40g weight step mails are sufficient to cover the cost of providing the service, including a reasonable return on capital. Hence, SingPost's request was rejected.
ISSUED BY CORPORATE COMMUNICATION DIVISION
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE
Notes to Editor:
1 SingPost is a monopoly in the provision of domestic and international letter and postcard services within, from and to Singapore, until 2007. Any rate revisions for such services need to be subject to IDA's prior assessment and approval, to ensure that the proposed prices, terms and conditions are just, reasonable and non-discriminatory.
About Infocomm Development Authority of Singapore
The Infocomm Development Authority of Singapore (IDA) is a dynamic organisation with an integrated perspective to developing, promoting and regulating info-communications in Singapore. In the fast-changing and converging spheres of telecommunications, information and media technologies, IDA will be the catalyst for change and growth in Singapore's evolution into a vibrant global info-communications technology centre. For more information, visit https://www.imda.gov.sg/
For media clarification, please contact:
Ms Cindy Christine Kong
Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +(65) 6211-1997
Fax: +(65) 6211-2227
Email: cindy_christine_kong@imda.gov.sg
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