Thursday, August 5, 2010

Stamping a contract

Someone write to the Straits Times to complain about paying $25 to the Post Office as handling fee to stamp a contract? I was surprised. It seemed to be excessive. I wish to check the facts. Is this correct?

Read here.

If this is correct, here are a few issues:

  • What is the cost to the Post Office to provide this service? If a commuter pays $2 for a train ride, surely the work involved in the Post Office to handle the stamping is much lower? 
  • Is there a choice for commuters to stamp the contract through other channels, instead of the Post Office?
  • Is this abuse of monopolistic power? What is the role of the Competition Commission on such matter?
  • This seems to be adding to the cost of living and the cost of doing business
Tan Kin Lian