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It is the largest and oldest local bank in continuous operation in Singapore with over four million customers. [1] Established on 1 January 1877 as the Post Office Savings Bank (Chinese: 郵政儲蓄銀行; pinyin: Yóuzhèngchǔxù Yínháng), [2] POSB currently operates as part of DBS Bank after being acquired on 16 November 1998. [3]
The whole establishment of the post office in the 1830s consisted of one European clerk, one local writer and a peon. To cope with the increasing volume of mail, the Post Office, then known as the Singapore Post Office, later General Post Office, was moved in 1854 to its own building near the Town Hall by the side of the Singapore River.
In February 1967, it was announced that the Siglap Post Office had won the "best maintained post office" award for 1966, with the Still Road Post Office coming in second and the Thomson Road Post Office coming in third. Then-postmaster-general M. Bala Subramanion presented the post office's postmaster, V. Panchaiharam, with a trophy. [3]
The former General Post Office building, now the Fullerton Hotel. During the 1850s, the post office, then known as the General Post Office (GPO), moved in 1854 to its own building [a] near City Hall, on the banks of the Singapore River, to cope with the growing mail volumes. However, despite the building being much more spacious, its location ...
The Telecommunication Authority of Singapore (TAS) was the statutory board that acted as the national regulator and promoter of the telecommunication and postal industries in Singapore. Prior to 1992, the TAS also managed postal and telecommunications services until Singtel and Singapore Post were split off from the board as corporatised entities.
Government-linked corporations play a substantial role in Singapore's domestic economy. These GLCs are partially or fully owned by a state-owned investment company, Temasek Holdings. As of November 2011, the top six Singapore-listed GLCs accounted for about 17% of total capitalization of the Singapore Exchange (SGX).
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Internal alterations were carried out on the building by the Public Works Department in 1985. The General Post Office, under Singapore Post, vacated the building in March 1996. [2] [7] Though plans were initiated to conserve the Fullerton Building after that, it was only gazetted as a conservation building by the Singapore Government in 1997 ...