Why ICA’s profits will at least double

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I just realized that the validity period of Singapore passports has become half of the original period. Initially, Singaporeans passports have a 10 years validity period but nowadays, the validity period of Singapore passports is halved to 5 years. But we are still paying the same or even higher application fee and hence in view of the above 2 reasons, the profits earned by ICA from the issuance of Singapore passports will double!

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