DHL says it is not keen to provide mail services in Singapore

Global transport company DHL says it is not keen to provide mail services in Singapore when the market is liberalised in 2007.

Currently, SingPost holds a monopoly on mail services in Singapore, which will end on March 31, 2007.

But DHL is setting its sights elsewhere.

Dr Klaus Zumwinkel, Chairman, Deutsche Post World Net, said: “No, not looking at coming into this market. Now Europe is being liberalised too – the whole of Europe in the mail market and therefore we are investing in the mail market in Europe, not in Asia. New Zealand has liberalised in the Asia Pacific, Japan is going to liberalise its market, it’s going to take a bit longer, and then Singapore – that’s the only 3 markets I’m aware of going to liberalise but Europe is going to liberalise in all the 25 member states of the European Union liberalising the mail market that’s where we are investing.”

But DHL plans to build up its infrastructure to support its fast growing express cargo and logistics business in the Asia Pacific.

It has already invested nearly US$1.4 billion over the last three years to maintain its position as a market leader with 300,000 customers in 41 territories. – CNA