And what will Singpost cream off for their largess? From the month of October onwards postage rates will be increased between 4c and 30c per mail item. International rates will be hiked higher with 5c to 25c increases while local mail will be between 4c to 20c more expensive than current rates. International Registered items will see a 30c increase in charges. They are giving you a drumstick while taking away the whole chicken.
The pathetic excuse is well used, this is the first time that SingPost has raised its rates in 8 years. Every government associated enterprise employs the same tagline: this is the first time that XXX has raised its rates in YY years. There's no need to explain why productivity has not caught up advances in technology.
Only recently Teo Chee Hean said life is getting better in Singapore because families are buying big screen LED TVs. He omitted to add that tiny detail that a 55 inch screen is now available for as low as $1000, compared to the $3000 - $4000 price tags they commanded a few years ago. Xiaomi's price buster Redmi costs a fraction of what more expensive models are retailing for. It has the same size 4.7 inch screen as an iPhone 6.
If one needs to examine why cost of living, and cost of doing business, is always on an upward trajectory in Singapore, look no further than the government imposed charges and tariffs. Will the various government bodies ever implement a much needed cost reduction program? Maybe when hell freezes over.