06-11-2014, 01:41 PM
(06-11-2014, 11:51 AM)r0n Wrote:(06-11-2014, 08:57 AM)Bluechipfan Wrote: Why Ms Lina Chiam didn't ask questions when my iPhone's price, my laptop price, my hawker food price went up? She also know SingPost is listed in SGX and hence, it is a business entity and it is good enough that they have to seek permission in order to raise price unlike other business entities. Dismissed.
Because SingPost enjoys a monopoly in the Singapore postal market and is regulated by IDA? She, as an NMP, has the right to ask the relevant ministry and statutory board for their decision.
When you say that it is good enough that they have to seek permission, you need to understand that price increases in regulated industries require the statutory board's approval.
Unregulated industries do not need to seek approval for price increases. Hence, no questions asked.
They have lost their monopoly status long time ago. But I can agree with the rest of your points. Call a spade a spade, scoring political point only in my view.