Tag: Asia

Japan Post: Postal reforms to start in earnest

Posted by | Sep 27, 2007 | |

Japan Post will be split into four business entities–Japan Post Network, Japan Post Service, Japan Post Bank and Japan Post Insurance–under a holding company called Japan Post Holdings Co.

Japan Post Bank and Japan Post Insurance will aim to list their stocks on the market in about three years, and all of their shares held by the government will be sold within 10 years to fully privatize themselves.

The holding company will also aim to list its shares, but the government will keep a more than one-third stake in it.

The massive amount of funds flowing into postal savings and insurance have long been used for the purchase of government bonds and for loans to public corporations. The primary purpose of postal privatization is to change the nature of postal savings and insurance from one of public financing, so the private sector can utilize funds deposited by people effectively.

Japan Post Bank holds 222 trillion yen in total assets, while Japan Post Insurance has 112 trillion yen. They will become the nation’s biggest bank and life insurance Company, respectively.

Japan Post Bank plans to enter the housing loan and consumer credit card businesses, with an eye to providing loans to corporations, among other business goals. Japan Post Insurance aims to enter the medical insurance and other markets.

Japan Post Bank wants to abolish ceilings on deposits while Japan Post Insurance hopes to raise the ceilings on the insurance benefits.

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Kuehne + Nagel Open New Offices in Russia

Posted by | Sep 26, 2007 | |

With the opening of a branch in Kaliningrad and an airfreight office at Moscow Domodedovo International Airport, Kuehne + Nagel is continuing its expansion
course in Russia.

Kuehne + Nagel’s new branch office in Kaliningrad will initially focus on offering seafreight services. In the course of next year, the portfolio will be expanded to include overland, warehousing and airfreight solutions.

Kuehne + Nagel has also opened a new airfreight office at Moscow Domodedovo (DME). Located on the premises of the cargo terminal, customers are offered the full scope of airfreight import, export and transit services, including Kuehne + Nagel’s new Cargo 2000 based airfreight products, as well as comprehensive customs services.

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VNPT seeks okay for reshuffling proposal

Posted by | Sep 24, 2007 | |

VNPT Group will not establish more than three telecommunication corporation affiliates in the north, central and southern regions under its reshuffling proposal.

The Ministry of Information and Communications (MoIC) has agreed in principle to allow the group to make changes to its restructuring proposal, but it must receive prime ministerial approval. VNPT wants provincial telecom companies to be separated from post offices and operate under its current direction instead of belonging to the regional telecommunication corporations as planned.

MoIC Minister Le Doan Hop said the separation of telecom and postal businesses would pave the way for the group’s Vietnam Post Corporation to start operating independently from early next year.

“The MoIC agreed with the reshuffling and the group must clearly explain its reasons for this change to the government and facilitate the operation of Vietnam Post Corporation along with ensuring operations for the provincial telecom offices,” said Hop.

The move comes amid a backdrop of telecommunications convergence market trends and fierce competition from other operators.

Pham Long Tran, acting president of VNPT’s board, said the original VNPT Group proposal was submitted to the government in 2002 and approved in 2005, and during that time network technologies have changed which the group must adjust to.

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DHL Global Mail implements Radio Frequency Identification technology for quality checks on international mail

Posted by | Sep 24, 2007 | |

DHL Global Mail, Deutsche Post World Net’s International Mail division, today announced that it is the first in the mail industry in Asia Pacific to implement Radio Frequency Identification (RFID) across multiple countries in the region. Based on an Automatic Mail Quality Measurement (AMQM) system, this effort is aimed at improving quality control checks for its mail logistics chain. The AMQM system, which has been installed in the mail terminals in Sydney, Hong Kong and Singapore, complements DHL Global Mail’s AMQM system in other regions. It is an enhanced service that provides greater visibility of the mailing process from the point when letters are posted to the last-mile delivery.

RFID tags based on the AMQM system will be utilized on selected international mail pieces between mail hubs, such as for example Frankfurt to Hong Kong, and between mail hubs and postal operators to regulate and enforce stringent quality control on the mail logistics chain to ensure mail pieces are delivered within the stipulated time frame to recipients. The data derived from the system will be used to optimize routing options for customers.

Key benefits for DHL Global Mail’s customers as a result of using RFID for quality checks focus mainly on increased reliability, transparency and improved service quality. As a result, customers will enjoy higher service quality for no additional costs.

The RFID technology uses devices attached to objects that transmit data wirelessly to a RFID receiver. It offers larger data storage capacity; read and write capability; and no line-of-sight requirement for both transponder and receiver – these are attributes that traditional bar-coding could not offer.

In addition to Australia, Hong Kong and Singapore, DHL Global Mail is planning to install the new technology in Japan in 2008.

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