Tag: Asia

Big job losses likely at NZ Post

Posted by | Jun 1, 2006 | |

New Zealand Post’s new post-code system will cost businesses up to NZD3000 a year and will potentially axe hundreds of mail workers’ jobs. The state-owned postal service will today start sending mailers to every household, rural address and post office box informing them of their new four-digit postcode. The codes, which divide the country into 1800 zones, start with 0 in Northland and 9 in the deep south, and will replace the existing, little used codes. New Zealand Post used to provide business with free access to its existing mailing database, which helps to make mail delivery more accurate and efficient. Under the new system, however, business wanting the information to apply to their bulk-mail list will have to pay NZD1000 a year, or NZD3000 if the information is used to produce a resaleable data-base. Businesses that did not include the new codes in their mail-outs would not receive a bulk-mail discount.

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DHL bets big on India, to step up new investments

Posted by | May 27, 2006 | |

DHL will continue to invest in India as a core growth market, says Scott Price, CEO, DHL Express Asia Pacific. DHL has invested over USD1.6bn in Asia Pacific so far, of which US USD250m is in India. And, more is on the way. Until the late 1990s, says Mr Price, China took a lot of time and focus. But now we are beginning to see a shift to an Asia strategy that includes both India and China. He says increasingly India is seen as a very credible place to invest in, but the lack of good infrastructure hampers proper growth. Growth for DHL in India will come from auto, computers, chips, and textiles, which are sourced increasingly from India and will need a seamless time-sensitive supply chain.

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Japan Post's FY 2006 mail service to post 1st loss in 4 years

Posted by | May 24, 2006 | |

Japan Post said Wednesday its mail service business is likely to fall into the red, with a net loss of 5.6 billion yen, in the current 2006 fiscal year for the first time in four years. In fiscal 2005 that ended in March, the mail delivery business recorded a 99.1 percent plunge in net profit from the previous year to 200 million yen, Japan Post said. The profit contraction is blamed in part on a drop in the amount of mail handled by post offices due to increased use of e-mail, according to analysts.

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Post split approved in China

Posted by | May 24, 2006 | |

China’s cabinet has approved a plan to reorganize the State Post Bureau by splitting off its banking component and creating one of the nation’s largest lenders, according to a banking regulator. The new bank, called the China Post Savings Bank, will specialize in ”retail banking and intermediary services and serve the local community and rural areas with its extensive network,” Cai Esheng, vice chairman of China Banking Regulatory Commission, said on Tuesday.
China’s government is trying to split commercial businesses from government bodies to prevent corruption and fraud, as the nation fully opens its financial markets to overseas investors by the end of this year. China Post currently collects and delivers mail, takes deposits, issues stamps, sells policies for insurance companies and handles bill payments.

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Japanese Yamato Transport to lower mail charges

Posted by | May 23, 2006 | |

Yamato Transport Co. on Tuesday announced plans to effectively lower its mail charges on Oct. 1 to fairly compete with Japan Post. The highest charge on deliveries of catalogues and other corporate documents will be cut to 240 yen from 310 yen. A charge for a 2-centimeter-or-thinner, A4-sized booklet will be set at 160 yen or less to counter the 180 yen price set by Japan Post for a booklet weighing up to 150 grams. For a 1-centimer-or-thinner, A4-sized booklet, the most popular for booklet delivery services, the charge will be 80 yen.

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