The US Postal Service is revising the rate up by another 2 cents, about 4.35% increment, and this increment made headlines.
In Malaysia, our postal service has effectively been DOUBLED from 30 sen to 60 sen, and the Rakyat didn’t even had the chance to voice our discontent. Did POS even made any market research or findings from their existing customers, to see if the increment is justified at all by their existing quality of service?
Fighting to survive a deepening financial crisis, the Postal Service said Tuesday it wants to increase the price of first-class stamps by 2 cents — to 46 cents — starting in January. Other postage costs would rise as well.
The agency’s persisting problem: ever-declining mail volume as people and businesses shift to the Internet and the declining economy reduces advertising mail.
“The Postal Service faces a serious risk of financial insolvency,” postal vice president Stephen M. Kearney said, an indication that without significant changes a time could come when the agency would be unable to pay its bills.
The post office lost $3.8 billion last year, despite cutting 40,000 full-time positions and making other reductions, and Kearney said it is facing a $7 billion loss for this year and the same for fiscal 2011, which begins in October. The rate increase would bring in $2.5 billion, meaning there still would be a large loss for next year.
Read full article “Stamp prices going up again” on Yahoo Finance.
Okay, all is not lost yet. Readers can still send me birthday cards via Mel Rakyat (last I checked, information on Mel Rakyat is not readily available on www.pos.com.my).
*****
DOMESTIC POSTAGE TARIFF – Effective 1 July 2010
| Category | Weight | Postage rate (RM) |
|---|---|---|
| Standard Mail | Up to 20g | 0.60 |
| Above 20g − 50g | 0.70 | |
| Non-Standard Mail *** | Up to 50g | 0.80 |
| Above 50g − 100g | 0.90 | |
| Above 100g − 250g | 1.00 | |
| Above 250g − 500g | 2.00 | |
| Above 500g − 1kg | 3.50 | |
| Above 1kg − 2kg | 5.50 | |
| Postcard | − | 0.30 |
| Periodical | Up to 20g | 0.50 |
| Above 20g − 50g | 0.60 | |
| Above 50g − 100g | 0.80 | |
| Above 100g − 250g | 0.90 | |
| PosDokumen * | Up to 500g | 1.80 |
| Above 500g − 1kg | 3.00 | |
| Above 1kg − 2kg | 4.50 | |
| Small Packet * | Up to 1kg | 4.00 |
| Above 1kg − 2kg | 5.50 | |
| Parcel ** | Up to 2kg | 7.00 |
| Every 1kg thereafter up to 30kg | 1.50 |
You might want to read these too...
- No related posts.