Tag: Asia

DHL spearheads inaugural Young Entrepreneurs for Sustainability (YES) Awards 2007

Posted by | Feb 1, 2007 | |

DHL announced the launch of its Young Entrepreneurs for Sustainability (YES) Awards, an awards program dedicated to recognizing and celebrating social entrepreneurs in Asia Pacific who are making positive social impact in their communities to meet the UN MDGs.

The DHL YES Awards support social entrepreneurs whose work evidences commitment towards the achievement of one or more of the UN MDGs and will evaluate key elements related to leadership, innovation, social impact, the potential to expand and replicate their work else where, the sustainability of the initiative and challenges overcome.

The DHL YES Awards will be rolled out in five countries in Asia Pacific – Bangladesh, Pakistan, The Philippines, Singapore and Thailand. A national winner will be chosen from each of the five participating countries, and an Asia Pacific regional winner will be selected from the five national winners. Singapore will play host to the final awards ceremony to be held in the middle of the year.

In each country, an independent screening organization will review all applications and a jury composed of imminent national leaders in the social, development and business sectors will select the national awardees. The overall awards program has been endorsed by an international council of reputable members who will also select the regional winner.

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Japan's Sankyu signs agreement with Pos Malaysia

Posted by | Jan 31, 2007 | |

Major distribution company SANKYU INC. has struck a business cooperation agreement with Pos Malaysia BHD, farming out pickup and delivery of parcels for the Sankyu Business Yu-Pack service in Malaysia to the postal service provider. Developed by Sankyu and Japan Post, the small-lot international door-to-door parcel delivery service for businesses is often used by Japanese firms to export parts and import textile products.

With pickup and delivery offered only in limited areas in Malaysia, the service’s handling of parcels to and from that nation has remained at around 1 ,000 a month.

Sankyu hopes the tie-up will boost the figure to 10,000 by the end of fiscal 2007.

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FedEx Express announces acquisition of Indian express company PAFEX

Posted by | Jan 31, 2007 | |

FedEx Corporation announced today that its FedEx Express unit had completed the previously announced acquisition of its Indian service provider, Prakash Air Freight Pvt. Ltd. (PAFEX).

PAFEX, formerly a privately held company, is one of the largest domestic express companies operating in India, with more than 384 offices and depots serving nearly 4,400 destinations. The nationwide network covers every city in India. PAFEX began domestic express operations in India in 1986 and has been the FedEx service provider in India since 2002.

According to the goal set by the Indian Minister for Finance in the most recent budget, Indian exports will reach USD150 billion by 2008-2009. The acquisition of PAFEX allows FedEx Express to invest more effectively and directly in the long-term growth and prosperity of India’s economy.

The acquisition consolidates the resources of the two companies and ensures customers continue to receive the same reliable, seamless service they have come to expect from FedEx.

“As a fast-growing, market-driven economy that recorded 8.4 percent growth between 2005 and 2006(a), FedEx believes India is poised to take a leading role on the world’s stage as an economic superpower, and we want to be partners in making it happen,” said Jacques Creeten, FedEx Express vice president – India.

PAFEX day-to-day services will remain unchanged for the foreseeable future.

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Deputy PM hails China's postal reform success

Posted by | Jan 30, 2007 | |

Chinese Vice-Premier Huang Ju has urged the country’s postal sector to deepen reforms and adopt an enterprising approach to better serve the public and the country’s economic and social development.

The establishment of the CPG and SPMB marked the separation of the regulatory functions of the former State Post Bureau (SPB) from its business activities.

Liu Andong, former director of SPB, has been appointed general manager of CPG, and Ma Junsheng, former deputy director of SPB, has been named to head the SPMB.

The separation of the SPB’s regulatory functions from its business activities has been carried out in accordance with the postal system reform scheme issued by the State Council in August 2005.

The SPMB will mainly perform government functions and supervise the postal sector in accordance with state laws. The CPG, a state-solely-owned firm with a registered capital of 80bn yuan (about 10bn US dollars), will reform postal and postal savings services.

Traditionally both a supervisor and a player in the market, SPB was placed in a difficult position when more and more companies, including overseas delivery firms, began to compete in the country’s lucrative postal market.

Experts said that China had taken a key step forward in the reform of its postal system, but still needs to reform provincial-level postal bureaus, separate basic postal services from competitive businesses, and define the operations of subsidiaries.

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Postal reform begins

Posted by | Jan 30, 2007 | |

Long-awaited reform of China’s postal system has begun with the establishment of the new State Postal Bureau and China Post Group Corp yesterday.

Market-oriented policies modelled on reforms in the telecommunications sector will separate administrative functions and business practices from the original State Postal Bureau.

“China’s postal service system enters a new development stage, with the government responsible for market supervision and China Post Group independent in its management,” Zhang Xiaoqiang, vice-minister of the National Development and Reform Commission, said at a ceremony yesterday marking the new entities.

But there is much work to do to deepen the reform in the company as well as the administrative body, Zhang said.

For the State Postal Bureau, it is important to improve regulations in the sector and build a fair and orderly market environment, said Ma Junsheng, director of the State Postal Bureau.

More internal reforms should be undertaken at China Post to make the company more efficient, Zhang said.

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