Thai Postal may tie up with DHL, FEDEX
State-owned Communication Authority of Thailand (CAT), said yesterday that it will turn its loss-making postal unit to churn out profits within the next five years. Thai Postal, the postal service unit of CAT, has been incurring losses over the past few years and has been the stumbling block for privatisation of the CAT.
CAT vice-president Prajin Kecharananta said that the organisation would seek help from global freight giants such as Federal Express (FEDEX) and DHL, to find out ways to make its 1,300 branches productive over the next five years.
Read More
