SINGAPORE, Dec. 9 -- Singapore Post (SingPost) will raise regular domestic postage rates by 10 cents from January 1 next year, according to a report by Channel News Asia (CNA).

CNA reported that SingPost attributed the increase to a "structural decline" in mail volumes, which have dropped by more than 40 per cent since 2019.

Under the revised structure, the rate for standard regular mail will rise to 62 cents, while standard large mail will cost 90 cents. Rates for domestic bulk mail used by businesses will also go up.

According to CNA, SingPost last revised its postage, package delivery and doorstep parcel delivery rates in 2023.

"The increase in postage rates is aimed at addressing the persistent structural decline in mail volume an...