Postal chief lifts hopes by ruling out price hikes
Hong Kong Post has no plans to increase charges.
Postmaster General Tam Wing-pong made the promise while reporting last year’s total postal volume increased 6percent, netting a profit of about HKD 400 million.
The registered airmail service recorded the highest increase – 21 percent.
But Tam estimated that both figures would shrink, though not significantly, in the coming year given economic fluctuations and fierce competition.
With soaring oil prices and international calls to increase terminal dues, Tam said there is pressure to raise postal charges, and warned that the HKD 470 million 2006-07 profit would shrink to HKD 400 million for the next period.
Tam added that Hong Kong Post will develop other revenue streams such as e-commerce.
To maintain postal volume, Hongkong Post will spend about HKD 2 million on a one-stop e-commerce platform in November when customers may buy products from recognized retailers, with the department providing postal services such as logistics and mail delivery.
Tam hopes to attract customers from all over the world to services and products that will be retailed by small and medium-sized enterprises.
Hongkong Post will also try out automatic mailing machines in certain post offices.
Hongkong Post this year distributed 31 million promotion leaflets on the Legislative Council election.
1 USD = 7.78095 HKD
Postmaster General Tam Wing-pong made the promise while reporting last year’s total postal volume increased 6percent, netting a profit of about HKD 400 million.
The registered airmail service recorded the highest increase – 21 percent.
But Tam estimated that both figures would shrink, though not significantly, in the coming year given economic fluctuations and fierce competition.
With soaring oil prices and international calls to increase terminal dues, Tam said there is pressure to raise postal charges, and warned that the HKD 470 million 2006-07 profit would shrink to HKD 400 million for the next period.
Tam added that Hong Kong Post will develop other revenue streams such as e-commerce.
“There is always pressure to maintain our revenue, but we will try to overcome this by developing new types of business related to our service.”
To maintain postal volume, Hongkong Post will spend about HKD 2 million on a one-stop e-commerce platform in November when customers may buy products from recognized retailers, with the department providing postal services such as logistics and mail delivery.
Tam hopes to attract customers from all over the world to services and products that will be retailed by small and medium-sized enterprises.
Tam said the Customs and Excise Department will play an important role in maintaining the authentication of the products.
Hongkong Post will also try out automatic mailing machines in certain post offices.
With no aircraft of its own, Hongkong Post has to negotiate with airlines to keep costs down.
Hongkong Post this year distributed 31 million promotion leaflets on the Legislative Council election. 1 USD = 7.78095 HKD
