Singapore Telecommunications may spin off or sell a stake in its post office arm, Singapore Post, next year, said SingPost Chief Executive William Tan.
However, Mr Tan says the timing of the stake sale may be affected by the performance of the stock market.
Read MoreNew mail redirection barcoding may help the postie find your new address faster but it won’t save Australia Post a lot of money just yet.
As of this month, people moving house or forwarding their mail while on holidays should receive their letters in less time, thanks to a barcode label on all redirected mail.
The system, an extension of Australia Post’s $550 million FuturePost investment in barcoding for bulk mail three years ago, will ensure mail that needs redirecting will take priority over other mail in the system.
That is because mail sorting, geared for the barcode (comprised of derivations of four bars with a distinct name, value and barcode symbol), will recognise a redirected item and push it ahead of the queue.
Read MorePortugal’s state postal service company CTT reportedly announced it will shed up to 1,000 workers, roughly 6% of its total workforce next year, the newspaper Diario Economico said.
The posts will be trimmed through early retirements and the non-renewal of temporary contracts, the paper said, citing an unnamed company source.
Wages absorbed about 70% of the state postal firm’s revenues in 2001.
Read MoreThe new chief executive at Royal Mail, the post office group, is to be offered a pay package that could hit Pounds 1m a year.
The basic salary will be more than Pounds 500,000, but the successful candidate will then have a bonus and long-term incentive plan. While the three-year targets of returning the company to profitability are demanding, it is believed they are achievable.
Read MoreBritish American Tobacco PLC and Swedish Match AB will present a joint offer for tobacco manufacturer ETI SpA, which the Italian government is privatising, news agency Radiocor said citing financial sources close to the deal.
TPG NV unit TNT Logistics is expected to pull out of the bidding process, the news agency said.
Read MoreTarget Worldwide Express has opened an international mail sorting facility at its Heathrow hub and has appointed Bob McKinlay (pictured), previously a partner in Metropost Switzerland, as general manager of its international mail division.
Read MoreThe Pakistan unit of DHL Worldwide Express and the Pakistan Post Office have signed an agreement for booking of co-branded parcels.
“The agreement is a first step toward modernization, commercialization and decentralization of Pakistan Post to compete in the present global environment,” said Communication Secretary Iftikhar Rasheed at the signing of the agreement last week.
Read MoreParcelforce Worldwide has retained a multi-million pound contract from European Parcels Group for the delivery of parcels across the UK.
EPG is a collaboration of 16 European postal administrations which offers a standardised day-certain European parcel service for business and consumer deliveries.
Parcelforce beat off six rival companies to hold onto the contract and will deliver around a million parcels a year to UK addresses.
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