Tag: Asia

India is a priority market for Western Union

Posted by | Apr 26, 2008 | |

Western Union, one the largest players in the multi-billion dollar remittance market, is upbeat about the growth of money transfer business in India. Western Union offers services through an extensive network in assistance with banks, post offices, and retailers. In this interview Anil Kapur, MD – South Asia, Western Union, talks about the company’s journey so far in India and challenges ahead.

NDTV: Tell us more about your growth story in remittance business in India?

Anil Kapur: There are over 200 million migrants around the world and the remittance market is estimated at nearly USD 369 billion. India in the past five years has become the largest receiver of remittances anywhere in the world beating China, Mexico and Philippines. Western Union entered India few years back seeing the growth in emerging markets like India and China.

NDTV: Why do you shifted your focus towards India?

Anil Kapur: At the start of the decade a lot of people from small parts of India were finding it difficult to get employment opportunities within cities, so they started to migrate to foreign countries and that is where you started to see the boom of Indian population in various countries. At that time the rupee was weak and people were more attracted to go abroad and send money to India, which made us to start looking at the Indian market.

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DHL honored with Asia Platinum Award by Reader's Digest for fourth consecutive year

Posted by | Apr 24, 2008 | |

DHL has once again been voted as one of Asia’s most trusted brands in the ‘Airfreight/Courier Service’ category at the 10th annual Trusted Brands Awards 2008, organized by Reader’s Digest. The company has, for the fourth consecutive year, received an Asia Platinum Award, in addition to the three Platinum and five Gold awards garnered across seven countries surveyed.

The prestigious award wins further strengthened the DHL brand equity as consumers clearly associate the company with attributes that are of utmost importance to them – trustworthiness, credibility, quality, value, understanding their needs and innovation.

Besides the Asia Platinum Award, DHL received the Platinum Award in Hong Kong and Singapore, as well as the Gold Award in Malaysia, Philippines, Taiwan and Thailand in the same category. In India, DHL and Blue Dart, part of the DHL group, each garnered a Gold Award. Platinum awards in Hong Kong and Singapore are repeated wins; Hong Kong for the fifth year running and Singapore for the second successive year.

Respondents who took part in the survey, through email and telephone interviews, nominated their most, single trusted brand. DHL’s excellent showing in the survey shows that its brand name registers top-of-mind awareness among consumers. DHL attributes this appeal to its strong brand presence, extensive network infrastructure, and the active community activities that it regularly and consistently participates in these countries and beyond in Asia Pacific.

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Blue Dart Revenue up at 240.64 Crores.

Posted by | Apr 24, 2008 | |

Blue Dart Express Limited declared its financial results for the first quarter ended March 31, 2008 at its Board Meeting held in Mumbai.

Income from operations for the 1st quarter 2008 was Rs. 239.70 Crores, an increase of 31.95 pct over the corresponding quarter of the previous year. The company posted Rs. 45.66 Crore profit before tax for the quarter ended March 31, 2008, as compared to Rs. 23.43 Crore for the quarter ended March 31, 2007.

Speaking on the occasion, Anil Khanna, Managing Director, Blue Dart Express Ltd said “Blue Dart in its 25th year of operations stands committed to its role of a trade facilitator. We have over the years built our differentiation on the fundamentals of service excellence and customer centricity. We serve a loyal customer base and our results are a confirmation of our customer’s trust in us and of our commitment to serve their business.”

He further added “With the reinforcement of our ground express product ‘Dart Surfaceline’ last year, we have now expanded our reach to over 20,843 locations across the country. Today, we are the only service provider with a distinctive capability to offer the entire gamut of express distribution solutions.”

1 USD = 40.1158 INR

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DHL’s triumph at the Asian Freight & Supply Chain Awards 2008 demonstrates market and service leadership

Posted by | Apr 24, 2008 | |

DHL won four prestigious awards at the ‘2008 Asian Freight & Supply Chain Awards’ (AFSCA) held in Singapore. The awards win clearly underscores the company’s market leadership and service excellence in Asia Pacific.

The ceremony recognized DHL in the categories of Best Lead Logistics Provider, Best Contract Logistics Provider, Best 3PL, and Best Project Cargo Forwarder.

This achievement validates the company’s unparalleled leadership in providing customized and integrated express and logistical solutions from a single contact point. DHL’s strong showing at the annual AFSCA also reflects its proven ability to achieve consistency in service quality, innovation, customer relationship management and reliability.

The AFSCA is organized by Cargonews Asia, a leading freight industry publication in the region, and is widely acknowledged as the industry’s foremost accolades that seek to recognize and honor outstanding shippers, logistics providers and cargo transport companies. More than 12,500 Cargonews Asia readers were polled – the only Asian freight awards to rely solely on customer satisfaction to select the best service providers in over 40 industry-specific categories of this year’s AFSCA.

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Citi Joins With Bangladesh Post Office to Expand Distribution Network

Posted by | Apr 20, 2008 | |

A new partnership in Bangladesh between the post office and Citibank will help citizens working abroad send money safely home.

Citibank, N. A. Bangladesh and the Bangladesh Post Office on Sunday signed a correspondent network arrangement to help facilitate payments for the banks clients, specially the remittances of Bangladeshis working abroad.

This is the first time that a commercial bank is setting up such a unique correspondent network arrangement with the Bangladesh post office, a Citibank press statement says in the capital, Dhaka on the day.

The agreement was signed by AKM Rafiqul Islam, director (mails), on behalf of Bangladesh Post Office and Parvez Murshed, vice-president and acting head of transaction services of the Citibank NA, Bangladesh.

The signing ceremony was also attended by Mobasherur Rahman, Director General, Bangladesh Post Office, Mamun Rashid, Managing Director and Citi Country Officer- Bangladesh and other senior officials.

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