The Postman fails to deliver
SingPost's net profit went 11.8% down despite crunching revenues of $578.5M.
In its 20th Annual General Meeting, SingPost revealed that its net profit is a measly $142 M.
It also puts the blame on cost pressures across all businesses: labour, rental, utilities, inflationary pressures. The challenging postal industry globally and in Asia is pointed as culprit to the decline.
SingPost recognized the need to invest to stay relevant and enhance services: skills, technology, operations. Prudent cost management to manage all non-strategic costs were also deemed necessary to turn the tables.
This signals chemical firm Eastman’s commitment to its Asian clients.
Find out how the drastic changes in the industry and the “democratisation of information” have helped Saxo Bank succeed.
One of EASB’s full-time lecturer, Willard Tan, shares his incredible educational journey with EASB and how he gives back to his alma mater.
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