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Belteshazzar Master	07-May-2019 11:08        Belteshazzar About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Now wait for the right price Belteshazzar      ( Date: 13-Mar-2019 17:20) Posted: Gd, same as osim. Shut off us unit brookstone, it's share price rocket and later delist and get listed in hk
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destinykraze Elite	07-May-2019 10:41        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	OSIM core business is more on products. OSIM products are good with proper marketing it will sell. You are also quoting an outlier example, most business bleeding from bad investment often bleed to death than to have a comeback. Singpost has awful reputation now, it will take 3-5 years to change that perception. Singpost also has ongoing corporation goverance. A lot of questionable acquisition at high prices and not following the standard procedures for such big  acquisition . For some people, they put it as corporation goverance to make it sound nicer, some outside people just treat it as frauds/taking bribes. runaway      ( Date: 07-May-2019 10:31) Posted: Osim in the making? When Osim sold its bleeding US investment, it made a U-turn and share climbed more then  5-fold from $0.50. When it is flooded, buying more mobs wont help. Someone has to turned off the faucet. This is the right move for SingPost.  Buy for long-term. Meanwhile, collect quarterly dividend, yield is about 3.5%, not bad.
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runaway Senior	07-May-2019 10:31        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Osim in the making? When Osim sold its bleeding US investment, it made a U-turn and share climbed more then  5-fold from $0.50. When it is flooded, buying more mobs wont help. Someone has to turned off the faucet. This is the right move for SingPost.  Buy for long-term. Meanwhile, collect quarterly dividend, yield is about 3.5%, not bad.
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destinykraze Elite	07-May-2019 10:00        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Ongoing corporate goverance not going to improve. Tarnished reputation -> declining business or cut in profit margin in order to secure business. TP. Singpost $0.80 in the mid term.
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Starship Supreme	07-May-2019 09:49        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	This stinkpost continues to sink like the Titanic.......................... SingPost sinks to S$75.1m Q4 loss on impairment charges for US units TUE, MAY 07, 2019 - 9:21 AM MAINBOARD-listed mail and logistics firm SingPost sank into  the  red  for the fiscal fourth-quarter, dragged down by impairment charges for two loss-making US e-commerce businesses up for sale.  For the three months ended March 31, net loss came in at S$75.1 million, reversing from a net profit of S$31.8 million a year ago.  This translated to a loss per share of 3.50 Singapore cents for the quarter, versus earnings per share of 1.24 Singapore cents previously.  Nonetheless, the board is recommending a final dividend of two Singapore cents, unchanged from the preceding year. The final dividend, if approved by shareholders at an annual general meeting, will be paid out on Aug 7, SingPost said.  This would bring the annual dividend for the financial year to 3.5 Singapore cents per share. Revenue for the fourth-quarter slipped 2.1 per cent to S$374.1 million, largely due to declines from its logistics and e-commerce business segments.  For the full-year, net profit plunged 86 per cent to S$19 million from S$135.5 million, which the group attributed mainly to impairment charges of S$98.7 million for its US businesses.  On a per share basis, earnings stood at 0.18 Singapore cent for the year, down from 5.32 Singapore cents a year earlier.  Full-year revenue rose 2.9 per cent to S$1.56 billion, led by growth from its post & parcel and property segments.  Excluding the impact of exceptional and other one-off items, underlying net profit declined 5.8 per cent to S$100.1 million for the full year,  due largely to higher losses from the US businesses. However, excluding the US businesses,  underlying net profit would have closed 15.8 per cent higher for the year, SingPost noted.  Following a strategic review  of its US business, its prospects and additional investments required, the  group has decided to exit the US market, and put its US business up for sale. It also expects to continue accounting for operating losses on the US businesses until it completes its exit.  Noted group CEO Paul Coutts: " Despite our best efforts in turning the US business around, we faced increasingly intense challenges which impacted our performance. As a result, we made the difficult decision to commence the sale process for our US e-commerce business. " We remain committed to our e-commerce business, as it remains a key part of our strategy towards future financial growth. The group&rsquo s competitive advantage lies in Asia Pacific, where we are seeing the strongest growth in volumes and yields, and we will continue to refine our businesses to leverage the growth. In the immediate term, we continue to focus on improving our operations in Singapore to better serve the needs of customers in our home market," Mr Coutts added. https://www.businesstimes.com.sg/companies-markets/singpost-sinks-to-s751m-q4-loss-on-impairment-charges-for-us-units
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SgYuan Supreme	23-Apr-2019 08:40        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	prev ew wave c end 975 - prev ew is actually 2 seperate ew - that is why wave c didnt down so much uptrend ew w0 97.5 w1 101 w2 99 w3 106 w4 102 w5 107 wabc near w4 102 - px hit 102 now Wait for next formation SgYuan      ( Date: 01-Apr-2019 09:13) Posted: miss out 1 wave 94 to 91. w0 88.5 w1 94 w2 91 w3 99.5 w4 94 w5 104 wa 97.5 wb l?101 wc? w1 5.5 w3 8.5 w4 5.5 deep correction nearly break w5 10 up 181% of w1 is a big supprise wa 6.5 dn 65% of w5 wb 4 tgt 101.5 up 61.8% of wa - px hit 101 wc 6.6 tgt 94.5 dn 100% of wa - px hit 99.5 now SgYuan      ( Date: 16-Jan-2019 09:05) Posted: wave c tgt range 82 to 91 - end 88.5 uptrend ew w0 885 w1?975 w1 90 - very powerful w1 - it swing fr day chart bollinger low to high - it punch thr high bollinger @963 to 975 - once uturn w2 start w2 55 tgt 920 dn 61.8% - wait for correction w3 w4 w
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temp123 Senior	10-Apr-2019 09:35        temp123 About Contact  Quote this Post! Style: Combined   Yells: "."
x 0   x 0  Alert Admin	Wait suddenly cheong to 1.2 then you know.
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Qanghoo Supreme	09-Apr-2019 11:58        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once US unit sold off, no more bleeding n will likely show sequential profit improvements going forward.  But I didn' t expect it to suddenly to chiong so quickly.
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john_ric Supreme	09-Apr-2019 11:48        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	why the sudden bullishness? why is the results?
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Belteshazzar Master	04-Apr-2019 08:41        Belteshazzar About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	So need to write off the balance 80m...
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SmallSmall Supreme	04-Apr-2019 08:39        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	A wise move to a very stupid investment. At least they realise finally they have to stop the bleeding before their blood runs dry.
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Qanghoo Supreme	04-Apr-2019 00:01        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Takes them so long to realise that their strength n competitive advantage lie in SEA.  Anyway, this decision is likely to be a +ve for them.  Will SP shares start moving up going forward? Starship      ( Date: 03-Apr-2019 23:30) Posted: Very ugly news for a very ugly company. And why does it have to keep hiring angmoh CEOs................... SingPost says will sell struggling US businesses, but no details announced WED, APR 03, 2019 - 10:22 PM MAINBOARD-LISTED mailman Singapore Post (SingPost) will sell off its struggling e-commerce units in the United States, in a board decision that was announced on Wednesday. The planned divestment of Jagged Peak and TradeGlobal puts an end to a tale of woe that began in 2015, when SingPost made a play for both companies amid " aspirations of building an end-to-end e-commerce logistics network and technology platform" , as it put it at the time. The Business Times  (BT) understands that no potential buyers, nor even bankers, have yet been lined up. SingPost said in a statement that the disposal will not affect its businesses outside the US. It also said that it " believes its strengths and strategic competitive advantages are in South-east Asia and Asia-Pacific, which provide attractive growth opportunities" . The decision comes after a strategic review of Jagged Peak and TradeGlobal. A Bloomberg poll of four analysts had indicated in March that SingPost was likely to either wind down or sell the businesses, which they expected would improve long-term profitability. SingPost had called the US businesses " underperforming" in financial statements released in February 2019, and warned at the time of a risk of impairment to the units' book value. Such a risk would not be unknown to SingPost, which had already taken an eye-popping impairment of S$185 million for TradeGlobal back in 2017. An independent review later flagged issues around the due diligence for SingPost' s original purchase of TradeGlobal. Both US investments took place under the watch of Wolfgang Baier, who resigned as chief executive in December 2015 and now heads homegrown cosmetics distributor Luxasia. Current CEO Paul Coutts, who joined in mid-2017, told BT later that year that a disposal of TradeGlobal was not on the cards, as SingPost was " on track" with its turnaround plan for the US operations. But the situation may have deteriorated since then despite turnaround efforts, which included initiatives to integrate the two US businesses, as well as investments in automation. SingPost did not say, when asked, how much has been put into the rescue attempts. Citing the early stage of the ongoing sale process, SingPost - which initially took majority stakes in Jagged Peak and TradeGlobal for US$184.4 million - also could not confirm to BT on Wednesday whether the companies would be sold together or separately, and at what asking price. SingPost' s e-commerce segment, which also includes SP eCommerce in the Asia-Pacific, has recently posted ballooning operating losses that weighed down the group portfolio. The segment most recently recorded an operating loss of S$13.4 million, or nearly three times as much as in the same period the year before, for the three months to Dec 31, 2018, " largely due to the US businesses" , SingPost said in its third-quarter statements. The company also said that competition was intense, with customer bankruptcies on the rise. It had previously been reported that Cincinnati-based TradeGlobal laid off more than 110 workers in 2017, after a major customer in the fashion retail industry filed for bankruptcy. Mr Coutts said in the latest statement on Wednesday that SingPost " will step up our investment to better serve our home market in Singapore, as well as leverage our competitive advantages in Asia-Pacific" . Efforts closer to home have included a tie-up with Chinese e-commerce and tech giant Alibaba, which is SingPost' s second-largest shareholder, with a 14.57 per cent stake, after Singtel' s 21.96 per cent interest. SingPost is a strategic logistics partner for Alibaba, and the two companies have an end-to-end e-commerce logistics joint venture that targets the regional online retail market. But SingPost has run into hurdles in its legacy postal services market in the Republic, where it is the only public postal licensee, with that licence renewed for 20 years in 2017. Singapore regulators recently fined the company S$100,000 for not meeting certain quality of service delivery standards in 2017, and another S$300,000 for missing the mark in 2018. https://www.businesstimes.com.sg/companies-markets/singpost-says-will-sell-struggling-us-businesses-but-no-details-announced
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Starship Supreme	03-Apr-2019 23:30        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very ugly news for a very ugly company. And why does it have to keep hiring angmoh CEOs................... SingPost says will sell struggling US businesses, but no details announced WED, APR 03, 2019 - 10:22 PM MAINBOARD-LISTED mailman Singapore Post (SingPost) will sell off its struggling e-commerce units in the United States, in a board decision that was announced on Wednesday. The planned divestment of Jagged Peak and TradeGlobal puts an end to a tale of woe that began in 2015, when SingPost made a play for both companies amid " aspirations of building an end-to-end e-commerce logistics network and technology platform" , as it put it at the time. The Business Times  (BT) understands that no potential buyers, nor even bankers, have yet been lined up. SingPost said in a statement that the disposal will not affect its businesses outside the US. It also said that it " believes its strengths and strategic competitive advantages are in South-east Asia and Asia-Pacific, which provide attractive growth opportunities" . The decision comes after a strategic review of Jagged Peak and TradeGlobal. A Bloomberg poll of four analysts had indicated in March that SingPost was likely to either wind down or sell the businesses, which they expected would improve long-term profitability. SingPost had called the US businesses " underperforming" in financial statements released in February 2019, and warned at the time of a risk of impairment to the units' book value. Such a risk would not be unknown to SingPost, which had already taken an eye-popping impairment of S$185 million for TradeGlobal back in 2017. An independent review later flagged issues around the due diligence for SingPost' s original purchase of TradeGlobal. Both US investments took place under the watch of Wolfgang Baier, who resigned as chief executive in December 2015 and now heads homegrown cosmetics distributor Luxasia. Current CEO Paul Coutts, who joined in mid-2017, told BT later that year that a disposal of TradeGlobal was not on the cards, as SingPost was " on track" with its turnaround plan for the US operations. But the situation may have deteriorated since then despite turnaround efforts, which included initiatives to integrate the two US businesses, as well as investments in automation. SingPost did not say, when asked, how much has been put into the rescue attempts. Citing the early stage of the ongoing sale process, SingPost - which initially took majority stakes in Jagged Peak and TradeGlobal for US$184.4 million - also could not confirm to BT on Wednesday whether the companies would be sold together or separately, and at what asking price. SingPost' s e-commerce segment, which also includes SP eCommerce in the Asia-Pacific, has recently posted ballooning operating losses that weighed down the group portfolio. The segment most recently recorded an operating loss of S$13.4 million, or nearly three times as much as in the same period the year before, for the three months to Dec 31, 2018, " largely due to the US businesses" , SingPost said in its third-quarter statements. The company also said that competition was intense, with customer bankruptcies on the rise. It had previously been reported that Cincinnati-based TradeGlobal laid off more than 110 workers in 2017, after a major customer in the fashion retail industry filed for bankruptcy. Mr Coutts said in the latest statement on Wednesday that SingPost " will step up our investment to better serve our home market in Singapore, as well as leverage our competitive advantages in Asia-Pacific" . Efforts closer to home have included a tie-up with Chinese e-commerce and tech giant Alibaba, which is SingPost' s second-largest shareholder, with a 14.57 per cent stake, after Singtel' s 21.96 per cent interest. SingPost is a strategic logistics partner for Alibaba, and the two companies have an end-to-end e-commerce logistics joint venture that targets the regional online retail market. But SingPost has run into hurdles in its legacy postal services market in the Republic, where it is the only public postal licensee, with that licence renewed for 20 years in 2017. Singapore regulators recently fined the company S$100,000 for not meeting certain quality of service delivery standards in 2017, and another S$300,000 for missing the mark in 2018. https://www.businesstimes.com.sg/companies-markets/singpost-says-will-sell-struggling-us-businesses-but-no-details-announced
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SgYuan Supreme	01-Apr-2019 09:13        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	miss out 1 wave 94 to 91. w0 88.5 w1 94 w2 91 w3 99.5 w4 94 w5 104 wa 97.5 wb l?101 wc? w1 5.5 w3 8.5 w4 5.5 deep correction nearly break w5 10 up 181% of w1 is a big supprise wa 6.5 dn 65% of w5 wb 4 tgt 101.5 up 61.8% of wa - px hit 101 wc 6.6 tgt 94.5 dn 100% of wa - px hit 99.5 now SgYuan      ( Date: 16-Jan-2019 09:05) Posted: wave c tgt range 82 to 91 - end 88.5 uptrend ew w0 885 w1?975 w1 90 - very powerful w1 - it swing fr day chart bollinger low to high - it punch thr high bollinger @963 to 975 - once uturn w2 start w2 55 tgt 920 dn 61.8% - wait for correction w3 w4 w5 SgYuan      ( Date: 14-Dec-2018 22:21) Posted: U predicted 90 cmg one month ago. Now even the quarterly chart also break. Left only EW wave c tgt 82 dn 100% Now is bottom scoop time - range 82 to 91 No 100% Good luck
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tonylim Master	31-Mar-2019 13:32        tonylim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cannot cut dividend. It will affect share price. Cut ceo remuneration abd bonuses halleluyah      ( Date: 30-Mar-2019 22:28) Posted: Cut more div then.... rockman88      ( Date: 30-Mar-2019 21:52) Posted: Wah lao... burnt shareholders money. $100000+$300000 could have been given out as dividends right? Cater better food for shareholders during AGMs also shiok ..
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tonylim Master	31-Mar-2019 12:37        tonylim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cut the CEO ?s salary and bonuses fundamentalhero      ( Date: 30-Mar-2019 22:41) Posted: why don' t cut remuneration instead... pegged to performance what.
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fundamentalhero Veteran	30-Mar-2019 22:41        fundamentalhero About Contact  Quote this Post! Style: Fundamental   Yells: "I NEED HONEYS AND MONIES"
x 0   x 0  Alert Admin	why don' t cut remuneration instead... pegged to performance what.
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halleluyah Supreme	30-Mar-2019 22:28        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cut more div then.... rockman88      ( Date: 30-Mar-2019 21:52) Posted: Wah lao... burnt shareholders money. $100000+$300000 could have been given out as dividends right? Cater better food for shareholders during AGMs also shiok ... Starship      ( Date: 29-Mar-2019 18:20) Posted: Singpost Soooooooooooooooo Riiiiiiiiiiiiiich keeps donating to the govt.....................  SingPost fined S$300,000 for service lapses in 2018 FRI, MAR 29, 2019 - 12:56 PM SINGAPORE Post (SingPost) has been fined S$300,000 for not meeting quality of service (QoS) standards for the delivery of local basic letters, as well as registered and international mail in 2018, the  Infocomm Media Development Authority (IMDA) announced in a statement on Friday.  Under IMDA' s Postal QoS framework, SingPost is required to deliver 99 per cent of local basic letters to an address within the Central Business District (CBD), and 98 per cent of local basic letters to destinations outside the CBD areas by the next working day. SingPost failed to so in March, April, July and August 2018, when it did not deliver 99 per cent of local basic letters within the CBD by the next working day.  SingPost  is also expected to deliver all local basic letters and registered mail by the second working day. However, it failed to meet the requirements for the delivery of local basic letters by the second day for nine months last year, and did not deliver all registered mail by the second working day for four months in 2018.  In addition, the Postal QoS framework requires SingPost to deliver 99 per cent of international incoming basic letters received before 3pm at SingPost Centre to an address within the CBD, and 98 per cent of international incoming basic letters to destinations outside the CBD by the next working day. SingPost also has to despatch 100 per cent of processed outgoing basic letters to departing flights by the next working day.  However, the company failed to meet the requirements for the delivery of international incoming basic letters within the CBD in the months of March, April, and June last year.  IMDA said that in assessing the penalties, it took into account that SingPost had 20 incidents of non-compliance in 2018, versus nine incidents in 2017. These were repeated failures, and in some cases involved lost letters, IMDA added. That being said, the authority also noted that the failure margins in 2018 were generally lower on average compared to the year before. Separately, IMDA announced that it has completed investigations of the postman who had  discarded returned mail and advertisement mails at Reflections at Keppel Bay last year.  The postman,  Liu Zhengang, was dismissed by SingPost after the incident and has since returned to China.  IMDA&rsquo s investigation found the postman to have breached the Postal Services Act for discarding postal articles and has issued an advisory to him. He will be barred from employment in Singapore, and will be arrested if he returns to  Singapore.  The authority added that it has issued an advisory to SingPost, reminding it of its  obligations to safeguard mail integrity  and security, as well as to train and educate its staff to perform their task properly. " IMDA takes a very serious view of any lapses in SingPost&rsquo s mail services and has directed SingPost to take urgent steps to improve its service standards and restore public confidence in its postal services," it said.  To this end, IMDA notes that SingPost has implemented measures such as hiring more postmen, extending delivery slots for basic mail parcels to weekday evenings and on Saturdays, and increasing the number of dedicated counters and staff at post offices for mail or package collection. SingPost has also pledged to conduct an overall review of its operations to improve its service standards. IMDA said it will continue to work with SingPost to improve the quality and reliability of its postal delivery services. https://www.businesstimes.com.sg/companies-markets/singpost-fined-s300000-for-service-lapses-in-2018
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rockman88 Senior	30-Mar-2019 21:52        rockman88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wah lao... burnt shareholders money. $100000+$300000 could have been given out as dividends right? Cater better food for shareholders during AGMs also shiok ... Starship      ( Date: 29-Mar-2019 18:20) Posted: Singpost Soooooooooooooooo Riiiiiiiiiiiiiich keeps donating to the govt.....................  SingPost fined S$300,000 for service lapses in 2018 FRI, MAR 29, 2019 - 12:56 PM SINGAPORE Post (SingPost) has been fined S$300,000 for not meeting quality of service (QoS) standards for the delivery of local basic letters, as well as registered and international mail in 2018, the  Infocomm Media Development Authority (IMDA) announced in a statement on Friday.  Under IMDA' s Postal QoS framework, SingPost is required to deliver 99 per cent of local basic letters to an address within the Central Business District (CBD), and 98 per cent of local basic letters to destinations outside the CBD areas by the next working day. SingPost failed to so in March, April, July and August 2018, when it did not deliver 99 per cent of local basic letters within the CBD by the next working day.  SingPost  is also expected to deliver all local basic letters and registered mail by the second working day. However, it failed to meet the requirements for the delivery of local basic letters by the second day for nine months last year, and did not deliver all registered mail by the second working day for four months in 2018.  In addition, the Postal QoS framework requires SingPost to deliver 99 per cent of international incoming basic letters received before 3pm at SingPost Centre to an address within the CBD, and 98 per cent of international incoming basic letters to destinations outside the CBD by the next working day. SingPost also has to despatch 100 per cent of processed outgoing basic letters to departing flights by the next working day.  However, the company failed to meet the requirements for the delivery of international incoming basic letters within the CBD in the months of March, April, and June last year.  IMDA said that in assessing the penalties, it took into account that SingPost had 20 incidents of non-compliance in 2018, versus nine incidents in 2017. These were repeated failures, and in some cases involved lost letters, IMDA added. That being said, the authority also noted that the failure margins in 2018 were generally lower on average compared to the year before. Separately, IMDA announced that it has completed investigations of the postman who had  discarded returned mail and advertisement mails at Reflections at Keppel Bay last year.  The postman,  Liu Zhengang, was dismissed by SingPost after the incident and has since returned to China.  IMDA&rsquo s investigation found the postman to have breached the Postal Services Act for discarding postal articles and has issued an advisory to him. He will be barred from employment in Singapore, and will be arrested if he returns to  Singapore.  The authority added that it has issued an advisory to SingPost, reminding it of its  obligations to safeguard mail integrity  and security, as well as to train and educate its staff to perform their task properly. " IMDA takes a very serious view of any lapses in SingPost&rsquo s mail services and has directed SingPost to take urgent steps to improve its service standards and restore public confidence in its postal services," it said.  To this end, IMDA notes that SingPost has implemented measures such as hiring more postmen, extending delivery slots for basic mail parcels to weekday evenings and on Saturdays, and increasing the number of dedicated counters and staff at post offices for mail or package collection. SingPost has also pledged to conduct an overall review of its operations to improve its service standards. IMDA said it will continue to work with SingPost to improve the quality and reliability of its postal delivery services. https://www.businesstimes.com.sg/companies-markets/singpost-fined-s300000-for-service-lapses-in-2018
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Qanghoo Supreme	29-Mar-2019 23:38        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Never mind one leh.  No $$$ increase postage again lor.  Starship      ( Date: 29-Mar-2019 18:20) Posted: Singpost Soooooooooooooooo Riiiiiiiiiiiiiich keeps donating to the govt.....................  SingPost fined S$300,000 for service lapses in 2018 FRI, MAR 29, 2019 - 12:56 PM SINGAPORE Post (SingPost) has been fined S$300,000 for not meeting quality of service (QoS) standards for the delivery of local basic letters, as well as registered and international mail in 2018, the  Infocomm Media Development Authority (IMDA) announced in a statement on Friday.  Under IMDA' s Postal QoS framework, SingPost is required to deliver 99 per cent of local basic letters to an address within the Central Business District (CBD), and 98 per cent of local basic letters to destinations outside the CBD areas by the next working day. SingPost failed to so in March, April, July and August 2018, when it did not deliver 99 per cent of local basic letters within the CBD by the next working day.  SingPost  is also expected to deliver all local basic letters and registered mail by the second working day. However, it failed to meet the requirements for the delivery of local basic letters by the second day for nine months last year, and did not deliver all registered mail by the second working day for four months in 2018.  In addition, the Postal QoS framework requires SingPost to deliver 99 per cent of international incoming basic letters received before 3pm at SingPost Centre to an address within the CBD, and 98 per cent of international incoming basic letters to destinations outside the CBD by the next working day. SingPost also has to despatch 100 per cent of processed outgoing basic letters to departing flights by the next working day.  However, the company failed to meet the requirements for the delivery of international incoming basic letters within the CBD in the months of March, April, and June last year.  IMDA said that in assessing the penalties, it took into account that SingPost had 20 incidents of non-compliance in 2018, versus nine incidents in 2017. These were repeated failures, and in some cases involved lost letters, IMDA added. That being said, the authority also noted that the failure margins in 2018 were generally lower on average compared to the year before. Separately, IMDA announced that it has completed investigations of the postman who had  discarded returned mail and advertisement mails at Reflections at Keppel Bay last year.  The postman,  Liu Zhengang, was dismissed by SingPost after the incident and has since returned to China.  IMDA&rsquo s investigation found the postman to have breached the Postal Services Act for discarding postal articles and has issued an advisory to him. He will be barred from employment in Singapore, and will be arrested if he returns to  Singapore.  The authority added that it has issued an advisory to SingPost, reminding it of its  obligations to safeguard mail integrity  and security, as well as to train and educate its staff to perform their task properly. " IMDA takes a very serious view of any lapses in SingPost&rsquo s mail services and has directed SingPost to take urgent steps to improve its service standards and restore public confidence in its postal services," it said.  To this end, IMDA notes that SingPost has implemented measures such as hiring more postmen, extending delivery slots for basic mail parcels to weekday evenings and on Saturdays, and increasing the number of dedicated counters and staff at post offices for mail or package collection. SingPost has also pledged to conduct an overall review of its operations to improve its service standards. IMDA said it will continue to work with SingPost to improve the quality and reliability of its postal delivery services. https://www.businesstimes.com.sg/companies-markets/singpost-fined-s300000-for-service-lapses-in-2018
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