The Straits Times / The Business Times News on SPH

SPH absorbs 2-point GST hike

The Straits Times and Sunday Times will not cost more after the 2-point GST hike kicks in on July 1.

Singapore Press Holdings (SPH) will once again absorb the Goods and Services Tax (GST), as it has been doing since the implementation of the tax in 1994, and will cost the company $4 million a year.

SPH chief executive Alan Chan gave the assurance that readers will be able to keep reading the paper at 'affordable prices'.