Tag: Asia

DHL to increase Shanghai-HK flights to 5 from 4 per week

Posted by | Jun 29, 2004 | |

Deutsche Post AG’s express courier unit DHL said it has increased its Shanghai-Hong Kong freight service to five times per week from the previous four due to robust growth in demand. Meanwhile, DHL has also boosted its Shanghai-Hong Kong capacity by 60 pct by using an A300B4 freighter with a capacity of 35 tons, it said in a statement. DHL launched the Shanghai-Hong Kong service last June. It offers 800 flights per day in the Asia Pacific region serving 24 destinations in 15 countries.

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Japan Gov’t to map out postal privatization plan in Aug.-Sept.

Posted by | Jun 27, 2004 | |

Prime Minister Junichiro Koizumi said Sunday the government will formulate a basic policy on postal privatization during the August-September period. The comment, made during a program on public TV broadcaster NHK, apparently indicates Koizumi’s plan to contain opposition from within his own ruling Liberal Democratic Party over the privatization issue by mapping out the basic policy at the same time as he reshuffles the Cabinet and appoints LDP executives, pundits said. Koizumi said that after Japan’s postal services are privatized, the state’s full guarantees on postal savings and preferential treatment for corporations, including exemption of corporate taxes and fixed asset taxes, should be abolished in stages during a transitional period of up to 10 years.

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Japan to boost staff at postal-services privatization body by late July

Posted by | Jun 25, 2004 | |

The government will add 15 people from the private sector to a preparatory office in charge of privatizing Japan’s postal services, boosting the total number of staff working in the office to 83 by late July, government officials said Friday. The 15 will be sent from private entities, including East Japan Railway Co., Tokyo Electric Power Co., Nomura Institute of Capital Markets Research and the General Insurance Association of Japan, the officials said.
The government will assign them to the office’s divisions tasked with forging business plans for the privatization, the officials said, adding it wants their ideas and opinions based on their business experiences reflected in the privatization work.

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TPG plans to enter Chinese market, and outlines growth strategy

Posted by | Jun 18, 2004 | |

Dutch postal and logistics company TPG NV aims to enter the Chinese market through acquisitions, joint ventures or by signing up a by signing up a “huge” customer contracts. Chief executive Peter Bakker told media representatives that the company expects to invest around EUR200 million in its Chinese operations over the next two years. 62 TPG employees are currently establishing operations in China, and Bakker said he aims to have around 150 Chinese workers by the end of the year.

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