SingPost signs collaboration agreement with Pos Indonesia

Singapore Post is setting the stage to expand its presence in Indonesia.

It is linking up with Pos Indonesia on four initiatives: channelling services, remittances, logistics and direct mail.

The two parties signed a collaboration agreement to work together on Thursday.

In a joint statement, SingPost and Pos Indonesia said the collaboration is part of a strategy to leverage on each other’s strengths for growth and expansion.

Both sides will tap SingPost’s technical and management experience and Pos Indonesia’s extensive network of post offices to offer more value-added services.

The aim is to generate additional revenues beyond postal services.

On the collaboration agreement, Mr Lau Boon Tuan, Group CEO of SingPost, said: “Traditionally, SingPost and Pos Indonesia enjoy a good and close working relationship. This win-win collaboration will help to further strengthen our relationship while bringing about greater synergy between both postal administrations.”

Mr Hana Suryana, President Director of Pos Indonesia, said: “The cooperation with SingPost is not only representing our response to the global changes in postal industries but also our strategy to leverage each other’s strengths, thus offering more value-added services to the customers. We have observed that SingPost runs the business very well and their experience might be worth to leverage our extensive retail network.”

Channel NewsAsia understands SingPost has a small remittance service and a bilateral logistics courier service in Indonesia.

SingPost and Pos Indonesia have a wide post office network in their respective countries.

SingPost has 62 post offices in Singapore.

There are more than 3,700 post offices and over 16,300 postal shops or agencies in Indonesia. – CNA/ch