Tag: Asia

Japan Post to revise mail section's profit upward to fix input error

Posted by | Jun 14, 2006 | |

Japan Post will soon have to revise upward its net profit figures for fiscal 2005 due to the discovery of a computer input error in the course of the compilation of its earnings results, Japan Post officials said Wednesday. On May 24, Japan Post released its preliminary financial results for the business year to March 31, saying net profit at its mail segment was 200 million yen. But the segment actually gained a net profit of 2.6 billion yen, they said.
The correction will lead the government-backed provider of mail, postal savings and insurance services to revise the net profit figure for all of the three service segments for the 12-month period, the officials said.

Read More

Swiss Post takes over franchisees in Asia

Posted by | Jun 12, 2006 | |

Swiss Post International (SPI), the international business unit of Swiss Post,
has taken over its franchisees in Asia. The new subsidiary, known as SPI
Singapore, operates in Singapore, Malaysia and Hong Kong and sells SPI’s
products in the Asian market. This purchase will strengthen SPI’s
competitive position as a global player in the cross-border letters segment.
Asia offers considerable potential for postal services on account of its rapid
economic development. “SPI Mail International Pte. Ltd”, based in Singapore, has been an SPI franchisee since 2003. The acquisition was made with retroactive effect to 1 April 2006. The two subsidiaries in Kuala Lumpur (Malaysia) and Hong Kong (China) were also acquired.

Read More

DHL to expand IT workforce in Malaysia

Posted by | Jun 12, 2006 | |

DHL IT Services Centre Cyberjaya (ITSC Cyberjaya), one of the four global data centres serving DHL’s worldwide network, expects to double its workforce between the next 18 and 24 months. According to the managing director of DHL IT services Stephen McGuckin, the move is in line with its expansion plans in Malaysia. ITSC Cyberjaya is one of four global data centres that make up DHL’s IT Services group with responsibility for the design, development, implementation and the service delivery management of DHL’s IT solutions. The other centres are located in the US, Czech Republic and Germany.

Read More

DHL entry for Malaysian Transmile?

Posted by | Jun 12, 2006 | |

Transmile Group Bhd recently lost a bid to renew a contract with its biggest shareholder, Pos Malaysia Bhd, fuelling speculation that the postal operator wants to sell its shares in the air-cargo company. Pos Malaysia, which holds a 17.29 per cent stake in Transmile, had awarded its business to lesser-known Gading Sari Aviation Services Sdn Bhd. According to sources, Transmile had been carrying cargo for Pos Malaysia since 1993, but the contract, equivalent to about 4-5 per cent of Transmile’s total revenue, expired in December last year. “The contract was then extended for three months until March 2006, before Pos Malaysia decided not to renew Transmile’s contract after conducting a review of its existing suppliers,” a source told Business Times. This could mean that courier firm DHL could enter and buy a strategic stake in Transmile, the source said. DHL is currently one of Transmile’s biggest customers.

Read More

FedEx establishing presence in Sichuan

Posted by | Jun 11, 2006 | |

The Ministry of Commerce has officially approved FedEx to set up a subsidiary in Sichuan province to engage in international express delivery. At the West China Investment Strategy Workshop with Multinationals in Jiuzhaigou in October 2005, FedEx China CEO Tian Changan expressed his confidence in the investment climate of Sichuan province and hope for stronger investment engagement with the province in a bid to extend the industrial chain and to develop modern logistics.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

How ready do you feel for the de minimis changes coming in July?

Thank you for voting
You have already voted on this poll!
Please select an option!




View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest