Wednesday, August 01, 2012
Why ICA’s profits will at least double
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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