Tag: Asia

Japan Post to begin selling customized photo stamps in September

Posted by | Aug 21, 2006 | |

Japan Post said Monday it will start selling customized photo stamps Sept. 1 to try to promote postal mail amid a steady rise in e-mail traffic.

Post offices across Japan will accept a 4 centimeter-square printed photo and use it in making stamps. One stamp sheet, consisting of 10 stamps costing 80 yen each, will cost 1,200 yen, Japan Post said.

In a promotional event for the new service held at a Tokyo hotel, actress Ryoko Yonekura asked people to write more letters, saying, “Handwritten letters are more personal.”

Japan Post expects the sales of customized photo stamps to reach 1.5 million sheets, or 1.8 billion yen worth, this fiscal year.

Japan Post issued a stamp featuring an original photo attached below an ordinary stamp in April 2003. But it has decided to print personal photos as stamps after receiving requests for them.

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China Cargo Carriers act to vie with foreign rivals

Posted by | Aug 21, 2006 | |

Jade Cargo International Co., Ltd., a Sino-Germany carrier, made its maiden flight on August 17, part of efforts by Shenzhen Airlines Co., Ltd., the Chinese parent of the joint venture, to tap the cargo segment in China.

President of Shenzhen Airlines, China’s largest private airways, will take over as chairman of Jade Cargo, in which Lufthansa Cargo AG and DEG holds a stake of 25% and 24%, respectively. Shenzhen, a manufacturing center in southern China, will be the largest resource for the company.

Jade Cargo has chosen Swiss WorldCargo, the air cargo division of Star Alliance carrier Swiss International Air Lines, to be its partner for sales and services in major European markets, including France, Germany, Italy and Swiss.

Foreign investors are playing a leading role in China’s cargo market for a long time. Recently, however, state-run carriers and private companies have started to cast eyes on the market along with their expansion and hope to get a slice of the profitable market.

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Two new Godzillas to emerge in Japan.(POSTAL BANKS)

Posted by | Aug 19, 2006 | |

Japan’s largest bank and largest life insurer are to be formed by the break-up of the country’s post office, Japan Post, according to operational plans for privatisation presented to the government by the postal group.

Japan Post will be reorganised in October 2007 into a holding company with four operating units: banking, life insurance, mail delivery and post office management. Assets of the life insurance company will be about (yen) 114 trillion (USD1 trillion), more than double the (yen) 50 trillion of Nippon Life Insurance, the largest private sector life insurer. The postal savings bank will have about (yen) 227 trillion in assets, outstripping the country’s largest bank, Mitsubishi UFJ Financial Group, with its (yen) 187 trillion.

The new postal bank venture has been provisionally named Yucho Bank. It will have 233 branches in Japan and also operate through the nation’s 24,000 post offices. Currently, Japan Post holds a third of the country’s personal savings.

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DHL makes offer for remaining shares of Blue Dart Express Ltd

Posted by | Aug 17, 2006 | |

DHL, the express and logistics company, has offered to purchase the shares in Blue Dart Express Ltd it does not already own, and delist the Indian express company in a further step to strengthen and expand its market leading position in one of the world’s fastest-growing markets. DHL, via its Singapore subsidiary DHL Express (Singapore) Pte Ltd, currently owns 81.03% of Blue Dart.

As the leading international express and logistics company, DHL has an extensive history of 27 years in India. DHL has invested USD 250 million in expanding the company’s footprint in India in recent years. This includes USD 163 million for the acquisition of the majority stake in Blue Dart Express in 2004.

India is a major engine for growth of DHL’s business in Asia Pacific, and the company is committed to provide superior customer service based on a world-class network infrastructure. In India, DHL, together with Blue Dart, have over 40,000 customers serviced by 7,400 employees through a combined national network of 14,000 locations, and a fleet of almost 3,000 vehicles.

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Blue Dart board approves DHL's delisting proposal

Posted by | Aug 17, 2006 | |

Domestic courier company Blue Dart Express Ltd today said its board of directors have approved the proposal made by its promoter DHL Express (Singapore) Pte Ltd to buy the outstanding publicly held shares of the company and delist its shares from the bourses.

DHL had proposed the purchase of the outstanding publicly held shares of Blue Dart and the delisting of the company under Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003, Blue Dart informed the Bombay Stock Exchange.

An EGM of the company would be held on September 20 to seek shareholders approval for the delisting proposal, it added.

As on March 31, DHL Express (Singapore) Pte Ltd holds 81.03 per cent stake in Blue Dart Express amounting to 1.92 crore equity shares, retail investors hold 4.09 per cent. While, mutual funds and UTI hold 11.18 per cent stake in the company.

Shares of the company were trading at Rs 571.05, down 2.96 per cent at the BSE.

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