Tag: Asia

China air sector could grow by 10 percent

Posted by | Mar 19, 2007 | |

China’s aviation industry could expand by up to 10 percentage points above current growth rates if central controls are eased, the Centre for Asia Pacific Aviation (CAPA) said.

‘Double-digit air traffic growth is a certainly possible in an economy growing by 8-10 pct annually, but controls over fares, routes, aircraft purchases, airport charges, fuel supply and distribution services are keeping China’s aviation market from achieving its full potential,’ CAPA’s executive chairman Peter Harbison said in a report.

The report added that the current situation is unlikely to change soon.

Total domestic deregulation was attempted in the mid 1990’s with disastrous results on airline profitability and after the arduous airline consolidation efforts of the first part of this decade central controls will likely be maintained for the foreseeable future, the consultancy said.

‘An unfortunate by-product of these controls is that they may delay the advent of genuine domestic LCCs (low-cost carriers) in China’s market until the end of the decade,’ Harbison said, adding that China’s nascent independent private airline sector will find the going tough in this environment and will largely remain confined to serving niche roles.

Meanwhile, China Southern needs to quickly find a partner for its freight business or risk getting left behind, particularly with FedEx moving to Guangzhou, where China Southern is based, by 2008, CAPA said.

It added that China Eastern also needs a strategic investor to help turn around its struggling operation in the highly competitive Shanghai market.

CAPA also said that foreign investment in China’s airport sector is expected to gain momentum in 2007, led by Changi Airport International’s breakthrough agreement in Nanjing.

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WSBI supports Philippine Postal Savings Bank to execute fair value remittances services for migrants

Posted by | Mar 16, 2007 | |

At the regional group meeting of the Asian members of the World Savings Banks Institute (WSBI), celebrated today 16 March in Manila, savings banks from 17 Asian countries confirmed their commitment to closely cooperate and paid particular attention to the impact of migration, as a key driver of local economic development and business growth.

Mr. José Antonio Olavarrieta, President of WSBI declared: “Migrants represent a particular “niche” of clients with particular needs for financial products and services, both in the home and in the host country. The required services are different, especially in the host countries due to the different background, culture and nationality of these migrants. Savings banks are ideally positioned to serve these particular client segments, thanks to their close relationship with their customers and their ability to propose low-value and low-volume products in a profitable way.”

Mr. Rolando L. Macasaet, President and Chief Executive Officer at Philippine Postal Savings Bank and Mr. José Antonio Olavarrieta, WSBI President, signed a memorandum of understanding in order to assist the Philippine Postal Savings Bank in the identification of key remittance corridors. “Thanks to this Memorandum, we will be able to set up the necessary contacts and frameworks with other WSBI members to execute fair value remittance services”, declared Mr. Rolando Macasaet.
This memorandum of understanding is part of WSBI’s three pillar strategy in remittances. These pillars are:

Contributing to the definition of policy by public authorities and international organisations,
Mobilising WSBI members to participate in the provision of solutions in the remittances market
Supporting the provision of end-to-end certainty and quality.

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Government to constitute high powered postal services management board

Posted by | Mar 15, 2007 | |

The federal government has given approval for the setting up of a high powered management board for Pakistan Post to tone up efficiency of postal services, it was officially learnt here Thursday.
The director general of Pakistan Post will be the chairman of the board.
Sources said the postal department needed disciplinary and financial autonomy because of increasing competition from private operators in the field.
“The customers’ expectations and technological advances have created enormous challenges for the Pakistan Post which necessitated the setting up of the board,” sources said.
Talking about the steps already in place to improve the postal efficiency, a top official said a new mail routing and circulation system under the name of “District Wise Sorting System” has been introduced.
“This has replaced the old system mostly dependent on railways network inherited from the time of independence,” the official said.
He said in view of the improved road conditions, Pakistan Post Office has introduced “Pakistan State Mail” service on important routes exclusively for conveyance of mail.

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TNT opens life sciences regional distribution centre in Singapore

Posted by | Mar 14, 2007 | |

TNT has officially opened its largest life sciences-focused regional distribution centre in Singapore, which costs over S$8 million.

The facility at Changi South is expected to handle over USD 100 million worth of medical equipment alone every year.

TNT’s new Life Sciences Express Hub uses the latest in cold chain management technology to safely transport and store goods.

This ranges from medical devices and clinical diagnostics, to pharmaceuticals and biotechnology.

The 65,500-square-foot facility serves as a regional logistics centre for TNT’s multinational customers in the life sciences industry.

Their products are consolidated at the Singapore facility before being delivered across Asia.

Industry estimates show that the medical devices and diagnostic market, as well as the pharmaceutical market in the region, are set to grow over 10 percent in the next five years.

TNT currently controls 60 percent of the outsourced R&D logistics for the life sciences industry in Singapore.

TNT plans to continue to grow its life sciences logistics business in Singapore.

The segment represents about 10 percent of the company’s total revenue here and TNT is targeting to double this figure over the next few years.

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TNT completes acquisition of Hoau

Posted by | Mar 14, 2007 | |

TNT announced today the completion of the acquisition of Hoau, the leading freight and parcels delivery company in China. Last week the government of the People’s Republic of China approved the transaction. Parties agreed not to disclose any further financial information.
Established in 1995, Hoau’s network includes 1,100 depots, 3,000 vehicles and 56 hubs in China covering all major and second-tier cities. Hoau currently has 12,000 employees.
TNT in China, established in 1988, has 25 wholly-owned operating branches and operationally covers more than 500 cities in Mainland China. TNT currently employs over 2,200 skilled professionals across its network and operates 3 fully-functioning international gateways in mainland China which includes Beijing, Shanghai, and Guangzhou.

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