Singapore Post is setting the stage to expand its presence in Indonesia.
It is linking up with Pos Indonesia on four initiatives: channelling services, remittances, logistics and direct mail.
The two parties signed a collaboration agreement to work together on Thursday.
In a joint statement, SingPost and Pos Indonesia said the collaboration is part of a strategy to leverage on each other’s strengths for growth and expansion.
Read MoreKorean Air Tuesday announced a 5.5 billion dollar order for 25 Boeing passenger and freight aircraft, the biggest deal in South Korean aviation history and a fresh setback for European rival Airbus.
The nation’s leading flag carrier said in a statement it would buy 10 777-300ER (Extended Range) planes, four 737-900ER and one 737-700, five 747-8 Freighters and five 777-200 Freighters.
It also has options for four 777-300ER, two 747-8F and two 737-900ER.
Delivery of the aircraft is scheduled for between 2009 and 2019.
The transaction is the biggest aircraft order in Korea’s aviation history in terms of the number of planes and the purchase price, said spokesman Shin Jin-Chul.
Korean Air said it aims to maintain its position as the world’s number one commercial cargo carrier, which it has held for the past two years, and to become one of the world’s top 10 passenger carriers by 2010.
Read MoreUrip Hudiono, The Jakarta Post/Jakarta
TNT is one of the world’s largest express delivery and logistics services, competing against DHL, UPS and Federal Express.
Established in Australia, the now Netherlands-based company has been operating in Indonesia since 1979. It has been expanding its network in Indonesia since last year and provides special delivery services for its customers. The Jakarta Post spoke to TNT country general manager Peter Langley.
Question: What is Indonesia’s express delivery and logistics services market like?”
Answer: We’re in markets all around the world, some of the markets are growing, and some of the other markets are growing even much more.
And we look at places like China, Vietnam and Indonesia. They’re places we need to be, because we know those markets are growing very quickly, for import, export and domestically.
We want to be here, and we want to grow our infrastructure. Indonesia is a very important platform as part of our the global network.
Indonesia also has a very big market for small and medium-sized enterprises (SMEs). I come from 10 years in the express delivery business in Australia, and the SME business is very big there, and I come here, and it’s even bigger.
Read MoreThe Centre has planned to convert post offices across the country into banks, and a bill in this regard will be introduced in Parliament in the winter session, Minister of State for Communication and Information Technology Shakeel Ahmad today said.
Apart from functioning as a post office, it will also have full-fledged banking facilities, Ahmed explained to reporters, saying it will be known as the ‘Post Bank of India’.
The minister said a bill seeking amendment to the Postal Act of 1898 for the purpose will be introduced in Parliament in the coming session.
Ahmad, the Congress MP from Madhubani in Bihar, said that the number of post offices in the country was almost double that of all branches of banks taken together and more post offices would be opened in the 11th Five Year Plan.
Ahmad said the postal department will organise big programme at Motihari in December on the centenary of Mahatama Gandhi’s journey to South Africa
Read MoreThe neighbourhood post office will soon turn into a one-stop-shop for making all your routine bill payments – including service tax and road tax. That’s not all. India Post will soon also be the access point for availing Right to Information services and getting registered on the electoral rolls.
Fresh from the success – both in terms of turnout and financial gains – of being a collection point for filing income tax returns, India Post intends to look beyond just postal services to shore up revenues. India Post, officials say, is in talks to conclude agreements with the Centre, state governments, NGOs and even a corporate entity, to facilitate access to information and offer all kinds of services to citizens all over the country.
“Under the proposed business model, while India Post will provide space for such service centres through its network of 1,55,566 post offices spread across the country, NGOs or private players will provide hardware and uninterrupted connectivity and the state governments will ensure that citizens can avail majority of services at these outlets,” says department of posts GM (marketing) RRP Singh.
India Post expects these services to account for nearly 20-30% of its profits. “This could even go up to over 40% depending on size of the corporate entity availing postal department’s network to serve its customers,” he adds.
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