Tag: Asia

Improvement in Nepal postal service stressed

Posted by | Jan 28, 2007 | |

All staffers affiliated with post office has stressed the need of timely improvement in postal service by increasing efficiency of the service.

They stressed this view at a one-day interaction programme organized by the Disrict Postal Office with an aim of improving postal services in the days to come.

Speakers, on the occasion, also stressed the need to modernize postal services while developing its efficiency as per the demand of the time.

Senior officer of the Department of Postal Office, Gopal Katuwal stressed the need for strengthening postal service on massive scale by developing its efficiency while providing autonomy to the department.

Various speakers also spoke at the programme organized by Postal Officer of the district postal office in Bhaktapur, Ram Bahadur Khadka.

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DHL launches domestic airfreight service in China

Posted by | Jan 26, 2007 | |

DHL announced the launch of the DHL Domestic Airfreight service in China. To date, DHL Global Forwarding, one of DHL’s business units providing air and ocean freight services, is the first international forwarder to obtain the CATA (China Air Transport Association) domestic airfreight license, allowing them to operate within 17 Chinese cities. This is certainly a key milestone for both the company and the domestic logistics market, previously served only by Chinese state-owned and local companies. DHL Global Forwarding Domestic Airfreight is part of DHL Global Forwarding’s earlier announcement on the USD20 million investment plan to further enhance the company’s network infrastructure, human resources development, as well as products and services to meet anticipated business growth in China. With this launch and its First in China strategy, DHL is the only international logistics company offering both Domestic Express and Domestic Airfreight services.

The Chinese logistics market consists of various segments: international airfreight, and ocean freight, domestic airfreight, international and domestic roads, international and domestic rail and inland waterway and warehousing. According to the latest Boeing’s World Air Cargo Forecast, the domestic airfreight market has grown at over 20% every year since 1990, and is expected to double its current size and reach a ca. EUR 2.6 billion in 2010. China’s domestic air cargo market has become the second largest in the world with an annual growth rate forecast of 10.8% over the next 2 decades.

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FedEx Express to acquire express business of Chinese

Posted by | Jan 25, 2007 | |

FedEx Corporation announced today that its FedEx Express unit had signed an agreement with Tianjin Datian W. Group Co., Ltd. (“DTW Group”) to acquire DTW Group’s 50 percent share of the FedEx-DTW International Priority express joint venture and DTW Group’s domestic express network in China for USD400 million.

FedEx and DTW Group entered into a joint venture agreement in 1999. JPMorgan acted as exclusive financial advisor to FedEx. PricewaterhouseCoopers acted as exclusive financial advisor to DTW Group. The acquisition will include:

• DTW Group’s 50 percent share in the International Priority express joint venture, converting the joint venture into a wholly FedEx-owned company;

• The DTW Group assets used to perform International Priority services; and

• DTW Group domestic express assets from 89 DTW Group locations.

Upon closing, FedEx will employ more than 6,000 people in China. The transaction is subject to customary conditions, including government approvals and licensing.

DTW Group will continue to operate international freight forwarding, general cargo transport and merchandise distribution businesses.

The U.S.-China Business Council reported that a majority of China-based companies said gaps in China’s transportation networks diminished their competitiveness. Earlier this month, China reported that exports in 2005 reached a record USD762 billion, a year-over-year increase of 28 percent. Imports rose to USD660 billion, an increase of nearly 18 percent over the previous year. Total foreign trade in 2005 exceeded USD1.4 trillion, making China the world’s third largest foreign trading power.

It is the second largest domestic air cargo market in the world and is expected to be the fastest-growing market for air cargo, averaging more than 10 percent growth per year between 2003 and 2023.

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Leong's role in DHL expands to Brunei

Posted by | Jan 24, 2007 | |

DHL Express Malaysia country manager Sam Leong’s role has been widened to include the international express and logistics company’s operations in Brunei as a result of its regional restructuring programme to improve geographic focus upon trade lanes within Asia Pacific.

In a statement on Jan 24, DHL said under the restructuring programme, DHL Express Brunei country manager Hardy Diec has begun reporting to Leong since Jan 1.

“I am honoured to take up this expanded portfolio and look forward to overseeing our progress in Brunei.

“With the exciting activities being planned for DHL Malaysia in 2007, I hope to continue the momentum generated here and build on our reputation as the world’s leading express and logistics company in Brunei as well,” Leong said.

DHL’s restructuring consisted of two areas – the South Asia and Indochina Area and Southeast Asia.

It said the Southeast Asia area, led by DHL senior vice president Southeast Asia, Yasmin Aladad Khan, had expanded to include Brunei, Thailand, Cambodia, Laos, Myanmar and Vietnam, in addition to Malaysia, Singapore, Indonesia and the Philippines.

DHL said the South Asia and Indochina Area had been renamed South Asia Area and covered India, Sri Lanka, Pakistan, Nepal, Maldives, Bangladesh and Bhutan.

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Post offices to sell stamp papers

Posted by | Jan 24, 2007 | |

The State Government plans to sell stamp papers for registration of property through post offices and cooperative banks as well.

Minister for Revenue Jagadish Shettar told presspersons here on Tuesday that at present State Bank of India and State Bank of Mysore were authorised to market stamp papers. But availability was limited to the 160 branches of the two banks in the State. Hence, the move to bring post offices and cooperative banks into the picture. The department had also decided to allow other nationalised banks to sell stamp papers.

Mr. Shettar said one-rupee revenue stamps would also be sold through post offices for which a notification had been issued. This would prevent black-marketing of revenue stamps, which was rampant in the State.

The Minister said the department had set a target to collect Rs. 3,170 crore from stamps and registration in 2006-07. Revenue collection had gone up with the increase in guidance value and lifting of the ban on registration of property in and around Bangalore.

As many as 4.65 lakh applications were pending with the department for title deeds for 14.47 lakh acres of bagair hukum (unauthorised) land being cultivated by farmers. Over 5.5. lakh applications had been disposed of, he said.

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