Chairman Sir,
Visiting post office now can be quite an experience ever since the privatization and subsequent listing of SingPost on the Singapore Exchange. Over the years, Singpost has transformed itself into a multi service centre instead of just providing postal service.
To those who have not visited post office lately, let me give you a quick tour. Apart from postal service, you can buy software, computers, cameras, household appliances, and insurance. You can do remittance, get ezyCash, and borrow money from a guy named James. SingPost is even into pawn broking. You can get ‘Speedcash’ by pawning your gold jewellery. If you have no gold jewellery, you can try the outlets in Geylang and Chinatown Point. These outlets accept branded watches.
I understand the need for Singpost to move with the times to go beyond providing postal service. I also understand the listed company needs to be proactive in its commercial activities to remain viable and to create value for its shareholders, of which the Government, through Temasek Holdings, is a substantial shareholder.
However, my concern is whether Singpost is distracted by all these “higher value” services and has forgotten its Pledge of Service of providing ‘reliable, on-time, and value-for-money’ postal service.
I received feedback of long waiting time at some post offices for simple transaction of posting a registered mail or even buying stamps.
I have also received feedback that letters were not delivered to the correct address but to a neighbour’s home instead. Such incidents are not uncommon and we cannot always depend on the goodwill of our neighbours to return wrongly delivered mail.
And recently, to my surprise, even mail posted to PO box can be delivered late by a month or two.
I would like to know the role of the Government in regulating postal service and the benchmark it uses to assess the service standard delivered to the public.
(Note: this speech was delivered in Parliament on 12 Mar 2010.)


