Tag: Asia

Beijing postal service starts making small-scale loans

Posted by | Apr 12, 2006 | |

The sprawling savings arm of China’s monopoly postal service has begun making loans for the first time, a move intended to help it prepare for its transformation into the country’s fifth-largest bank. After years of delay, officials say Beijing is close to launching reform of the Postal Savings and Remittance Bureau, which has more than 36,000 branches and held Rmb1,300bn (USD162bn, GBP93bn) in deposits at the end of 2005. “It should happen very soon,” an official at the China Banking Regulatory Commission said yesterday.
As part of preparations for its life as an independentbank, the CBRC hasgranted the postal savings bureau permission to offer small loans to rural customers on a trial basis. Most of the bureau’s income currently comes from long-standing deposits with the People’s Bank of China, the central bank, on which it earns favourable interest rates.

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DHL Express India plans cargo airline

Posted by | Apr 7, 2006 | |

DHL Express is exploring possibilities to launch own dedicated freighter in India to facilitate better air connectivity from the country. The company has an exclusive tie-up with German airline major Lufthansa for handling air cargo in addition to slot arrangements with other airlines. DHL Express country manager Chris Callen confirmed that DHL management was examining the proposal of starting dedicated cargo plane. “DHL owns over 400 freighter flying across the world. India is the prime focus of our global aviation strategy. We may deploy dedicated freighter in this region with high demand growth,” said Callen.

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FedEx Express eyes China's rising MSMEs delivery market

Posted by | Apr 6, 2006 | |

FedEx Express announced on April 5 that it will supply seven new kinds of packing materials specially for China’s micro, small and medium-sized enterprises clients. It’s the first time FedEx has provided new packing materials specifically for the Chinese market. Currently, FedEx has offered 16 kinds of packing materials free of charge to its Chinese clients.

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TNT China to sell ANJI-TNT Automotive Logistics

Posted by | Apr 4, 2006 | |

TNT China plans to sell its profitable operation ANJI-TNT Automotive Logistics Co. and acquire HOAU Logistics Group before the end of the year. Then, TNT will have the largest exclusive freight and parcel transportation network in China. Thereafter, the logistics group will fully turn to focus on businesses of mail express and forwarding management. TNT is in talks with various companies who are intending to purchase its contracted logistics business, and the deal is expected to be sealed at the end of the year. Meanwhile, TNT is stepping up further negotiations on the acquisition of HOAU Logistics, and the group will make efforts to keep the latter’s name because of its fame and brand value in the country.

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DHL heavy goods express delivery to debut in China

Posted by | Mar 27, 2006 | |

DHL has announced that it would release a new product to provide express delivery services for heavy goods of 50 to 150 kg.
It is part of DHL’s efforts to capture a larger share when the express demand is surging in China. In China, goods heavier than 40 kg cannot be delivered through the nation’s postal system.

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