Tag: Asia

Blue Dart profit Rs. 7.7 million up by 33.27 pct

Posted by | Oct 16, 2007 | |

Blue Dart Express Limited, South Asia’s express courier and package distribution company, today declared its financial results for the 3rd Quarter ended September 30, 2007 at its Board Meeting held in Mumbai.

Income from operations for the 3rd quarter 2007 was Rs. 20.7 million, an increase of 17.44 pct over the corresponding quarter of the previous year, and cumulative profit for nine months was Rs. 7.7 million and increase of 33.27 pct over the corresponding period of the previous year.

Anil Khanna, Managing Director, Blue Dart Express Limited said, ” The results validate our customers’ trust in us and we continue to be the most reliable distribution service provider in the country. To further this trust, last quarter we expanded our business profile to fortify our unique capability to offer the entire spectrum of express distribution solutions. With the reinforcement of ‘Surfaceline’, we have now expanded our reach to over 17,500 locations across the country”.

Blue Dart, today, is firmly positioned as the unrivalled leader in the organised domestic air express space and has robust plans in place to sustain and augment its leadership position. Looking ahead Mr. Khanna said “We are adding 58 new warehouses which means 1 mn Sq ft of additional warehousing space, 596 new road-route connections, increase in workforce and enhancement of technology solutions. We also plan to strengthen our air infrastructure and would be adding a B757 in the last quarter. We stand committed to our role of a trade facilitator and would continue to enable growths for a greater India.”

1 USD = 39.7950 INR

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UAE Express delivery firms to continue rapid growth

Posted by | Oct 13, 2007 | |

Express delivery and logistics companies in the Middle East would continue to enjoy a double-digit annual growth in their business in the coming few years as regional economies remain healthy, a senior industry official said.

“In the last five years the business has grown at a rate not seen in the past,” said Hamdi Osman, senior regional vice-president of express delivery firm FedEx.

He said among the key drivers of the business have been the re-export trade and sea-air cargo in the UAE.

“All of us are enjoying a double-digit growth,” Osman told Gulf News.

He said that an economic slowdown in the United States could have an impact on the industry’s pace of growth in the UAE.

FedEx’s express delivery business in the region grew by 20 per cent and air cargo soared by eight per cent last year, Osman said.

“The ground transport segment is the next frontier of growth,” he said.

Within the six-nation Gulf Cooperation Council (GCC) bloc, movement of cargo has been slowed by a lack of effective customs coordination.

Osman said it is “not a perfect scenario” on the UAE-Saudi Arabia border.

The company has a fleet of 800 vehicles in the GCC, including about 100 in the UAE.

FedEx plans to set up a large facility in Dubai Logistics City (DLC), a key part of Dubai World Central project that will create the Middle East’s biggest logistics and transportation hub in Jebel Ali.

Osman said the company is waiting for more details of how the goods are going to be moved between the existing Dubai airport and the proposed Jebel Ali airport.

A 500,000 square foot site has been proposed for FedEx in the area.

DLC has attracted some of the industry’s biggest players, including express operator Aramex, forwarding and logistics firm Danzas, logistics service providers Kuehne+Nagel and Panalpina.

By 2008 the zone expects to lease more than six million square meters of land.

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SingPost appoints Wilson Tan as Group CEO

Posted by | Oct 12, 2007 | |

Singapore Post Limited (SingPost) today announced the appointment of Mr Wilson Tan Wee-Yan as its Group Chief Executive Officer effective 15 October 2007. Mr Tan will also join the SingPost Board as a Director.

Mr Tan, 49, joins SingPost from NEC Solutions Asia Pacific Pte Ltd (Singapore) where he held the position of Managing Director. Since 1993, Mr Tan has held key management positions with regional responsibilities in multi-national companies including Apple Computers, Informix, Software AG and Xerox Corporation, developing and growing the businesses in Asia and the region.

Mr Tan, who was named the IT Person of the Year 2005 by the Singapore Computer Society (SCS), presently holds various appointments including President of SCS and International Advisor to the Thailand Software Park. He also sits on the advisory board of various education institutions including the Institute of Systems Science (ISS) and Singapore Polytechnic School of Media and Infocomm Technology.

He is a past board member of the National Computer Board (NCB) and the Infocomm Development Authority (iDA). He had also served as Chairman of the Singapore IT Federation (SITF), Asia Oceania Computer Industry Organization (ASOCIO) and the National IT Standards Committee and was a member of the National Standards Council.

Mr Tan has served 14 years as a Board Member of Bizlink Singapore, a welfare organization dedicated to assess, train and place disabled clients.

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India Post offices to serve Universal Service obligation

Posted by | Oct 12, 2007 | |

Over 155,000 post offices in India are ready to serve the Universal Service Obligation, according to Director of Postal services (Mail Business), WB Circle, Harpreet Singh.

“The main aim of the postal department now is to manage post as a business,” Singh said speaking at a Customers’ meet at Yogayog Bhavan here today on the eve of World Post Day.

Singh said that the postal department would have to learn from the competitors and technological partners the need to focus on revenue generating sectors. For this purpose, he said, post office network had to be proliferated.

In the 11th plan, he said, Automated Mail Delivery System would be launched in big cities like Kolkata and Delhi “and this completely metamorphose the whole system”

He said though the postal department was a loss-making one, it was wholeheartedly trying to break-even in near future.

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Bangladesh to privatize postal network

Posted by | Oct 12, 2007 | |

Bangladesh’s state-owned post and telecom network will be turned into a public limited corporation (PLC), a move that follows the privatization of Bangladesh Biman, the national airline.

Bangladesh Telegraph and Telephone Board (BTTB) has been a state-run network like such operations across South Asia. The government now wants to convert it into a PLC but wants to retain full control.

The move is to cut the red tape that causes delays, officials say. Ostensibly, a PLC would also enable outside funding.

The BTTB earns Tk 1.5 billion (USD 23 million) on an average annually, which it deposits with the exchequer. It gets an allocation under an annual development program to bear its operational costs that BTTB officials say involves a cumbersome bureaucratic process.

According to the draft ordinance, the state-owned BTTB will become a fully government-owned PLC named Bangladesh Telecom Company Ltd, New Age said yesterday.

The state-owned mobile operator, Teletalk Bangladesh Ltd, will be its subsidiary, but run by a separate management.

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