Tag: Asia

Vietnam Post and telecommunication sectors to be separated

Posted by | Oct 3, 2005 | |

Administration of post and telecommunication operations is to be partitioned in 2007 in a plan approved by the Prime Minister Phan Van Khai. The move aims to bring Vietnam’s postal services up to par with other countries in the region and spur development of both sectors by 2010. Under the approved project, the postal and telecommunication sectors are to work independently to provide internationally-recognised services. By 2010 Vietnam should have 13,000 outlets nationwide, ranging from large post offices to small village kiosks, each serving about 7,000 residents on avarage. In the PM’s decision, he stressed the emphasis the Government places on domestic and foreign economic sectors investing in postal industry development. He said the Government encourages foreign investment of up to 100 per cent.

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Japan Post begins selling investment trusts

Posted by | Oct 3, 2005 | |

Japan Post began selling investment trusts Monday through its nationwide post office network in what Japan Post President Masaharu Ikuta called a “very historically meaningful” undertaking. The public postal entity said the sale of investment trusts got off to a “stable start” as 1,220 individuals concluded 1,452 deals worth 1.08 billion yen or an average 885,000 yen per person. Japan Post is selling three investment trusts at 575 post offices across the country. The minimum amount of investment is set at 10,000 yen.

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Logistics giant DHL scaling up investment in China

Posted by | Sep 30, 2005 | |

DHL is scaling up its investment in the Asia’s second biggest economy China. As the first global express giant entering the nation, DHL is confident in this promising market. In recent years, DHL has seen its businesses grow there at an annual rate of 35% to 45%, and the figure was even as high as 50% to 60% in 2004, said Wu Dongming, managing director of DHL-Sinotrans, a joint venture of DHL and Sinotrans. In 2003, the company announced a plan to invest USD 200 million in five years there, and the ambitious plan is now going on smoothly, according to the managing director.

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Gov’t authorizes Japan Post’s takeover of Daimaru’s trucking unit

Posted by | Sep 30, 2005 | |

The Ministry of Internal Affairs and Communications said Friday it has granted a request by Japan Post to buy a controlling stake in Asocia Corp., a wholly owned trucking arm of department store Daimaru Inc. In its first corporate acquisition, the postal services corporation has been permitted to buy a 67.6 percent stake in Asocia in the near future for 650 million yen, turning the Osaka-based trucking company into a subsidiary. The trucking company’s lines of business at present include storing, packing and delivering gifts on behalf of Daimaru and its group companies.

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DHL to invest USD8 million in Pakistan to upgrade infrastructure

Posted by | Sep 29, 2005 | |

DHL will invest up to USD8 million in Pakistan over next three years, including constructing new state-of-the-art Airside Express Logistic Centers in Karachi, Lahore and upgrading all facilities. In a message read at the groundbreaking of DHL Pakistan’s Airside Express Logistic Center at Karachi International Airport, Scott Price, CEO DHL Express – Asia Pacific said the company has a long history of successful partnership with Pakistan. He said Pakistan is an important market for DHL and a significant country in growth of the company’s business in Asia Pacific. DHL’s inbound, outbound shipment volumes for Pakistan also increased, making it necessary to increase frequency of its dedicated flights in and out of Karachi and Lahore, its Gateways in Pakistan, to rest of the world.

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