Tag: Asia

Indonesian postal, mobile, logistics forms agree to cooperate

Posted by | Dec 22, 2005 | |

Postal service PT Pos Indonesia, telephone cellular operator PT Telkomsel and PT Gapura Angkasa have engaged in strategic cooperation in fulfilling their respective commitment to guarantee the quality of their public service, comprising the telecommunications service, the postal service and the cargo transport service. The cooperation agreement was signed here on Wednesday by PT Pos Indonesia managing director Hana Suryana, PT Telkomsel managing director Kiskenda Suriahardja and Gapura Angkasa managing director Robert D. Waloni, in the presence of Minister of State-Owned Enterprises Sugiharto.

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Japan: postal privatisation

Posted by | Dec 13, 2005 | |

From April, the big “four” providers of international express and delivery services will face a formidable new upstart in the Japanese market: Japan Post.
But the question is whether Japan Post can compete head-to-head against the established express mail and logistics providers. FedEx, DHL and UPS all enjoy global economies of scale that they have built up over decades. Though Japan Post has unparalleled domestic mail delivery operations, the move will mark its first foray into the international express delivery market. Until now, the “big four” providers – United Parcel Service (UPS), Federal Express (FedEx), DHL of Germany and TNT of the Netherlands – have dominated the Japanese market, with an estimated 70 per cent market share. Minoru Hasegawa, the manager of Japan Post’s business development division, says it is essential for the entity to expand its services as part of its privatisation process.

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SingTel trims postal stake

Posted by | Dec 13, 2005 | |

Singapore Telecommunications Ltd. trimmed its 30.85% stake in Singapore Post Ltd. and said it plans to sell the remaining shares, valued at about SD568 million, or USD338 million. Southeast Asia’s largest telephone company by market capitalization said it had sold 95 million shares in the city-state’s postal company for net proceeds of SD105 million, paring its stake to 25.87%. “The sale is in line with SingTel’s ongoing strategy of divesting noncore business in order to focus on its core telecommunications business,” the company said.

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Philippine government to privatise postal service in 06

Posted by | Dec 12, 2005 | |

The Government has decided to privatize Philippine Postal Corp. (Philpost) through a direct sale of government shares as it placed the state-owned firm under the list of major public assets to be sold in 2006. Another privatization option being studied previously was to offer government shares in Philpost through an initial public offering. Finance Undersecretary Gabriel Singson Jr. told reporters that the privatization through direct sale of shares has been approved by the Privatization Council, which believed it was timely to sell the asset given its recent financial turnaround. The finance official, who is in charge of the government’s privatization efforts, noted that after accumulating losses, Philpost finally recorded an income in 2004. Documents showed that the state-owned firm posted a net income of P99 million as revenues rose 3.2 percent to P3.67 billion.

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DHL to increase investment in Pakistan

Posted by | Dec 12, 2005 | |

DHL has reaffirmed its commitment to Pakistan with plans to upgrade its business activity and investments. The company has already announced it would invest up to dollars eight million in Pakistan in the next three years, including the construction of a new state-of-the-art airport ‘Airside Facility in Karachi’ and upgrading of its service centres. Speaking at a press conference here on Tuesday, DHL Express – Asia Pacific Chief Executive Officer Scott Price said, “DHL sees bright prospects in the region and particularly in Pakistan becoming a major hub for industrial growth. There has been significant business growth in the region and Pakistan’s investment-friendly policies have started to attract international attention. ” “In recent months, there have been clear indications of strong macro-economic fundamentals in Pakistan. At the same time, the region is seeing very buoyant levels of intra-Asian and international trade,” he added.

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