Tag: Asia

ACCJ seeks equal competition conditions for Japan Post spin-offs

Posted by | Nov 22, 2005 | |

The American Chamber of Commerce in Japan urged the Japanese government Tuesday to ensure that equivalent conditions of competition with private-sector firms will be applied to postal entities, which will be spun off from Japan Post and fully privatized by 2017 under the newly enacted postal reform laws. The body representing more than 1,400 companies said that Japan should follow “global best practices” such as treating domestic and foreign service providers equally and securing transparency and fairness in implementing the privatization laws.
“The ACCJ believes that privatization consistent with the global best practices identified in our report is crucial to achieving favorable results,” said ACCJ Executive Director Donald Westmore in releasing the organization’s report at the Foreign Correspondents Club of Japan in Tokyo.

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‘Express’ courier cos seek independent regulatory body

Posted by | Nov 21, 2005 | |

‘Express’ courier operators are seeking an independent regulatory authority to regulate the written communications sector. This follows a move by the government to entrust the Department of Posts to register operators carrying out functions of collection, transmission and delivery of documents and parcels through a proposed amendment. Section 4 of the Indian Post Office Act 1898 confers on the central government the exclusive privilege of collection, transmission and delivery of letters. In a memorandum addressed to union minister of information technology & communications Dayanidhi Maran, Express Industry Council states, “The proposed amendment to this section seeks to confer on the central government the discretion to authorise any person to engage in any or all the activities stated in that section.” In fact, this would mean direct competition to the traditional postal service, erode its financial viability and consequently, its ability to provide an affordable universal service.

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Japan Post’s April-Sept net profit jumps 2.8 times

Posted by | Nov 21, 2005 | |

Japan Post’s net profit totaled 998.4 billion yen in April-September, about 2.8 times the figure for the same period last year, the state-run postal service company said Monday. Although Japan Post reported an asset impairment loss of 224.3 billion yen and costs of about 5 billion yen to prepare for privatization, such red ink was more than offset by returns from stock investment. Recurring profit went 2.38-fold to 1,526.6 billion yen, while revenue rose 20.0 pct to 12,220.4 billion yen.

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FedEx to set up Philippine backroom office after 2008

Posted by | Nov 21, 2005 | |

FedEx will consolidate its Asia-Pacific business process operations in the Philippines after it closes its regional air transshipment hub at the Subic Freeport zone in December 2008. The backroom office, to be located in a still unnamed site in Metro Manila, will handle most of FedEx’s human resource and accounting functions in Asia Pacific, from payroll to billing and invoicing.
“We are still working out the number of headcounts needed. But this will probably need close to 100 people,” Clifton Chua, managing director for Thailand, Indochina and the Philippines, said. At present, core accounting and human resource functions of FedEx in Asia Pacific are done individually per country, although it maintains a regional financial center in Singapore because its data center is there. “We will integrate whatever is possible. At the end of the day, there is some functions that you need to leave at the local country like the day- to-day servicing of your employees,” he said.

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Japan Post eyes corporate business

Posted by | Nov 17, 2005 | |

The steadily diversifying Japan Post will expand its business scope yet again with a joint venture in delivery of corporate documents. Its partner will be a wholly owned subsidiary of Mitsubishi UFJ Trust and Banking Corp., which already provides similar services, sources said. The public postal corporation will compete for the service with Yamato Transport Co. and other distribution companies, which are aggressively expanding delivery of corporate documents.
The plan to form a joint venture with Mitsubishi UFJ Daiko Business Co. is expected to be announced this month, sources said.

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