Tag: Asia

Postal savings bank to open branches

Posted by | Aug 17, 2007 | |

China Postal Savings Bank (CPSB), the nation’s fifth-largest lender, has been approved to set up its first branches and sub-branches in Guangdong Province.

The China Banking Regulatory Commission (CBRC) said yesterday it has given the go-ahead for CPSB, which was established in March, to open two branches, 19 second-tier branches and over 1,000 sub-branches in the province.

Headquartered in Beijing, CPSB has been preparing to open branches and sub-branches in the first half of this year.

China Post has 36,000 outlets nationwide, almost 60 percent of them in rural areas, and 270 million account holders.

These offices began offering postal savings in 1986, but with no loan or credit card services.

At the end of last year, postal savings in China amounted to 1.6 trillion yuan (USD 211 billion) – the highest after the Big Four State-owned commercial banks.

The bank is expected to make more efforts to provide micro loans to rural households and companies.

This is part of China’s recent drive to build a new, prosperous countryside.

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FedEx speeds up Macau delivery times

Posted by | Aug 16, 2007 | |

FedEx Express, a subsidiary of FedEx Corp, today announced that its delivery commitment time has been advanced by five hours, to 1 pm, for all of its International Priority and International Economy shipments from anywhere in the world to Macau.

Backed by a money-back guarantee, this enhancement enables FedEx to offer the earliest delivery time each business day in Macau of any express delivery company.

Customers, who rely on time-definite delivery of products with short lifecycles, such as information-related items or other high-value goods, will benefit significantly from this development.

In 2006, the value of imports into Macau reached USD 4.6 billion, 45.1 percent of this originating in mainland China, with the WPRD region accounting for the biggest amount.

Re-exports increased by 10.3 percent to USD 771 million. Re-exports to mainland China, which accounted for 45.7 percent of the total re-exports, grew by 2.2 percent in 2006.

Strengthened by the establishment of the Zhuhai Free Trade Zone, the Hengqin and Lotus Bridge customs facilities and the Closer Economic Partnership Arrangement, cross-border activity is expected to gain further momentum.

Meanwhile, the new hotels and resorts with world-class convention and exhibition facilities that will open in Macau represent another pool of demand for international express services.

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India Post will have own aircraft to meet private challenge

Posted by | Aug 16, 2007 | |

State-run India Post is seeking to beat growing competition from private courier companies by acquiring its own aircraft that would carry mail by the end of this month.

‘All these years, the postal department was considered to be a social service unit, but now we want to make it into a business unit. Our focus will be on the business clientele,’ said John Samuel, general manager, India Post.

The aircraft is being taken on wet lease from domestic carrier Indian.

All details of the new operation have been worked out and it would be just be a matter of days before the first plane carrying mails and parcels will take off. The aircraft will bear the India Post logo, while the color is still kept under wraps.

The postal department will start its operations focusing on the northeast states with a single aircraft, but has plans to increase its fleet in the days to come.

As night landing is not allowed in these states, the flight will operate in the daytime. The department intends to operate on the Kolkata-Guwahati-Agartala-Imphal route. It also plans to acquire a few more aircraft in future for other routes.

The new service will not only help deliver mail faster but also bring down overall postal charges.

While private couriers will find it difficult to match up the move, the postal department denies being under pressure from any competition.

‘We are an organization with an annual revenue of Rs.7,000 crore (USD 1.72 billion) and are far ahead of others. While they follow the benchmarks we have set, we too will follow some of their best practices.

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DHL appoints Kelvin Leung as Chief Operating Officer for its Global Forwarding business in Asia Pacific

Posted by | Aug 16, 2007 | |

DHL the appointment of Kelvin Leung as the Chief Operating Officer of DHL Global Forwarding Asia Pacific, and a member of the company’s Asia Pacific Management Board. He assumes the newly-created position with immediate effect and will report to Peter Landsiedel, CEO, Asia Pacific, DHL Global Forwarding.

Kelvin is responsible for managing and directing the business unit’s activities in the region, in collaboration with the sub-regional and functional leaders. The heads of the airfreight and ocean freight businesses will report directly to him.

Prior to this appointment, Kelvin was Vice President of DHL Global Forwarding for Hong Kong, South China and Macau, where he was responsible for the long-term strategic planning, sales and operations as well as business development of the regional DHL Global Forwarding logistics markets. Since joining DHL in 2002, Kelvin played an instrumental role in making the company the market leader, and more than doubling the size of DHL Global Forwarding’s business in this region.

Kelvin graduated from the University of Cambridge, Magdalene College, with a Masters in General Engineering Science. He is a member of the Chartered Institute of Logistics and Transport in Hong Kong.

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Schenker Nixes China Cargo Flap

Posted by | Aug 15, 2007 | |

German cargo giant Schenker, a unit of the German national rail service Deutsche Bahn, responded Monday to the Chinese government’s claims that Schenker has been operating without the necessary licenses or that the licenses were forged, as baseless.

On Friday August 10 (updated Sunday August 12) FlyingTypers carried an exclusive story ‘Schenker China Cargo Uproar,’ revealing a document released in China by the Ministry of Commerce that stated that an official investigation was underway of BAX Global International Limited, Schenker China Limited, of operating with a falsified Non Vessel Operating Common Carrier (NVOCC) license.

Such claims or the shutdown of Shenker operations in the region could have had huge effects on the cargo industry worldwide.

Schenker released the following statement on the matter Monday morning, August 13:
“Schenker AG is a registered NVOCC in China under a confirmed listing and is shown at the official website accordingly. In the past further branches have been registered under Schenker China Ltd. Unfortunately during the registration a discrepancy occurred and we are in contact with all respective parties to clarify the matter.

Schenker saw revenues in Asia almost triple in 2006, compared to 2005, to over EUR2.1 billion, according to a Schenker Web page. The company also more than doubled the number of employees in Asia in 2006 to nearly 11,000.

But the transportation specialist also emphasized earlier (agreeing with Mr. Kroger) that the Schenker situation may just be one more example of “business as usual” in China.
“There are other companies that do not comply with Article 27 of the China Ministry Of Commerce (MOC) regulations.”

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