EXEL ACQUIRES FUJITSU LOGISTICS LTD
EXEL ACQUIRES FUJITSU LOGISTICS LTD
Read MoreTag: Asia
FedEx Draws Up India Tech Plan
Federal Express Corp (FedEx) has announced its technology strategy for India. This includes introduction of technology solutions like the FedEx InSight and FedEx Global Trade Manager in the country. It has also deployed hundreds of handheld pocket computers with the FedEx couriers. Addressing the media FedEx India managing director Jacques Creeten said, “We have introduced a couple of hundred of handhelds in India. There are similar experiments in West Asia and Europe, but on a smaller scale.”
Read MoreChina never approved foreign-funded express firms: post bureau
No sooner had DHL declared it the first foreign firm to carry out express delivery service in China and stirred up media fever when a spokesperson from the China State Post Bureau claimed that so far, it had never approved any foreign- funded company to set foot in the field. The bureau hasn’t provided DHL with the license necessary for carrying out express business in China, nor did it approve any other foreign-funded firm, said the spokesman. China did not promise to open its postal market in its commitment to the WTO. As to whether DHL has violated Chinese laws and regulations by founding a place in the field, the bureau said it would keep a close eye on DHL’s business in China.
Read MorePostwatch visit to Japan Post
As a part of its research activities Postwatch conducts a number of international visits. Such visits enable us to learn from best practice elsewhere, share information and develop an understanding of trends worldwide.
Trends in the Japanese postal industry to a significant extent mirror those in the UK. Its main postal operator has recently been made into a public corporation, and public opinion is greatly opposed to the closure of post offices and the prospect of privatisation, although this remains high up on the Prime Minister’s agenda. It was therefore felt that Postwatch would benefit from meeting with Japan Post and the Ministry for Public Management, Home Affairs, Posts and Telecommunications (MPHPT) to establish how Japan Post and the regulator are approaching some of the challenges we are also facing at home.
P:LibraryPostalPostwatch Japan_visitJune04.pdf
Japan Post likely to pay 533 bil. yen in taxes when privatized
Japan Post would need to pay a total of 533 billion yen a year in national and local taxes when it is privatized, according to the postal service entity’s estimate obtained by Kyodo News on Monday. The total includes 211.9 billion yen in corporate income tax, 112.2 billion yen in enterprise tax and 59.1 billion yen in fixed asset tax. Japan Post was created in April 2003 to take over three postal services — mail delivery, postal savings and life insurance — from the government’s Postal Services Agency. The Council on Economic and Fiscal Policy, a key government economic advisory panel, is calling for Japan Post to be privatized in five to 10 years from 2007. As a public entity, Japan Post is not required to pay taxes at present.
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.