Singapore Post (SingPost), the postal unit of Singapore Telecommunications (SingTel), made solid gains Tuesday as the largest initial public offering (IPO) so far this year came to market, dealers said. At the midday trading break at 12:30 pm (0430 GMT), SingPost closed at 63 Singapore cents (36.42 US cents), up from its issue price of 60 cents.
Read MoreThe new integrated DHL, which provides logistics, express and parcel services, sees Asia emerging as a source of strong growth for its business, Yasmin Aladad Khan, General Manager DHL Express (Malaysia) Sdn Bhd. “Asia is already the fastest growing market for DHL and the intra Asia cargo (shipment) will be boosted by the development of trade into and out of China and member countries of the Asean Free Trade Agreement,” she said at the launching of DHL new brand projecting DHL letters in red on a yellow background.
Read MoreThe Japaneses posts ministry said Thursday it will allow five private courier service firms to conduct special mail-delivery business. Public Management, Home Affairs, Posts and Telecommunications Minister Toranosuke Katayama is expected to issue licenses to the five firms — Bike Kyubin Co., Sokuhai Co., Kyukago, Q-Post and Tokai Messenger Bb Inc. — on Friday, ministry officials said. The move comes after Japan Post, a new state-run corporation, took over mail delivery and postal savings April 1 from the government as part of postal service deregulation.
Read MoreAlmost 90% of respondents see no significant change in quality of service since Japan Post, a new state-run corporation, took over mail delivery and postal savings April 1 from the government, according to a poll released Wednesday. In the survey by Macromill Inc., a private Internet-based pollster, 86.0% of the 521 respondents reported finding no change in the quality of services. In addition, 86.3% said that their image of the postal services corporation has not changed.
Read MorePakistan International Airlines (PIA) plans to start a courier service in an alliance with the Pakistan Post Office by the middle of the year. The new service named “Speedex” is aimed at grabbing a slice of the USD86.4 million courier business in the country, the PIA official said.
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