Strategy for Global Logistics Business and the Future in North East Asia – Korea Container Terminal Authority (KCTA)
Strategy for Global Logistics Business and the Future in North East Asia –
Korea Container Terminal Authority (KCTA)
Tag: Asia
DHL Global Mail opens new domestic terminal in Singapore
DHL Global Mail, Deutsche Post World Net’s International Mail division, today opened a new Domestic Terminal in Singapore. The facility, located in close proximity to Singapore’s Changi Airport, is the largest of its kind for DHL Global Mail in the Asia Pacific region.
The new terminal has the capacity to handle over five million pieces of mail per month, a four-fold increase from its previous operating facility. This will help to strengthen DHL Global Mail’s leadership position in Singapore’s Direct Marketing industry. The new terminal also complements DHL Global Mail’s operations at the existing terminal at the Airport Hub, which caters to the South East Asia region.
Customers will have access to an expanded portfolio of value-added services, including database management, variable printing, letter shopping and light warehousing. In addition, the customers can also look forward to faster turnaround times for their mail delivery, as well as enjoy cost savings from the introduction of a new generation of technology at the terminal.
The new terminal occupies a total area of nearly 18,000 square feet, or about the size of 6 tennis courts, and is close to three times larger than the existing terminal. It offers a comprehensive suite of product offerings covering Direct Mail, Publication, Parcel, Solution and Business Mail.
Read MoreWestern Union to Take Equity in Singapore Agent
The Western Union Company will take a 49 percent equity stake in its Singapore agent, Western Union Global Network (WUGN) – a subsidiary of Singapore-listed Hersing Corporation Ltd.
The acquisition is in line with Western Union’s stated strategy to take or increase equity stakes in key agents and continue to strengthen its global agent network.
Western Union’s current investment will be upgraded to ordinary shares. Western Union will now earn a pro rate share of profits of WUGN and enjoy enhanced voting rights. The deal also includes a long-term extension of WUGN’s representation agreement to offer Western Union money transfer services at more favorable commission rates. Under the terms of the agreement, Western Union is now able to explore additional agent relationships in Singapore.
Western Union entered the Singapore market with Hersing in 2001, and the business now boasts more than 60 locations throughout the country through Agents RHB Bank, American Express and SingPost. The city is home to the world’s largest Western Union flagship store at Lucky Plaza.
“Singapore, with its transient worker population, is a key market for growth for Western Union,” said Sunil Balagopal, regional vice president for South East Asia, Western Union. “This agreement reinforces our commitment to this market and strengthens our relationship with Hersing. We look forward to exploring more opportunities for innovation in providing money transfer services in Singapore.”
“Western Union’s money transfer service is trusted by millions of consumers globally to quickly and reliably send and receive money,” continued Balagopal. “We’re confident that this agreement will ensure that we can offer both consumers and Agents in Singapore the best possible service.”
Read MoreUPS Thailand growth slows due to sluggish economy
After relishing double-digit growth for the past two years, UPS Thailand is likely to experience slower growth in deliveries this year due to political uncertainty, sluggish economy and stronger baht, according to assistant marketing manager Phongchayut Ladavalya.
Thailand’s delivery business has been stagnant during the year as the stronger baht and economic slowdown have hurt exporters, which are UPS’s major customers.
Although the electronics industry continued to grow, some small and medium-sized enterprises have closed. The outlook for garments and jewellery also remains unpredictable.
During 2005-06, UPS Thailand’s delivery volume rose by more than 15 pct after rising 20 pct in 2004-05. Among Asia-Pacific countries, Thailand ranked no higher than sixth behind China, India, Hong Kong, Japan and Singapore.
Thailand’s delivery market will not grow significantly this year, he said, as many players create stiff competition.
UPS believes its strengths include speed and the ability to handle sensitive cargoes.
UPS’s general niche market also include deliveries of hazardous goods such as chemicals that commercial airlines typically refuse to handle, and medical items including blood samples or cells that need special services like storage with temperature control.
Mr Phongchayut said competition in the courier business was focused on three areas: services, technology and networking. Services cover speed and guarantee a specific time instead of just a delivery date. UPS offers services known as time definite-express plus, or guaranteed delivery before 8:30-9 am, before noon and or before 5 pm.
Meanwhile, technology will help customers reduce costs and save time. These include a tracking system through call centres, short messaging services and a website that can be integrated into a customer’s back-end system.
Read MoreING Group seeking strategic investor role in China Postal Savings – report
ING Group is seeking to play a role as a strategic investor in China Postal Savings Bank, the country’s fifth-largest bank, the official Shanghai Securities News reported, citing Hans van der Noordaa, the Dutch bank’s Asia-Pacific chairman for insurance and investment management.
Van der Noordaa said ING Group is interested in China Postal Savings Bank’s national network.
China Postal Savings, with registered capital of 20 bln yuan, plans to become a full-service institution and seek qualified domestic institutional investor (QDII) status, according to earlier reports.
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