DHL exceeds Q1 growth targets in its Indian business
DHL Worldwide has reported a 30 percent growth in its Indian business during the first quarter (Q1) to 31 Mar 2003. The company had targeted a growth rate of 25 percent.
Read MoreTag: Asia
DHL plots India expansion
DHL Worldwide Express, a unit of Deutsche Post World Net, plans to invest millions in India for new infrastructure, customer service centers, and warehouses. “We are looking at India very, very positively,” said Country Manager Chris Callen in Mumbai. “India represents one of the four key markets for us – the others are China, Japan and Australia.” Callen didn’t give specific investment figures, but said these would be in “many millions of euros.”
Read MoreAsian Mail Users Demand Improved Postal Services
At a specially arranged customer forum, held on the eve of the World Mail & Express Asia conference and exhibition in Singapore recently, a number of major mail users highlighted poor service quality, particularly in terms of cross border mailings, as a significant factor affecting their businesses. The seminar brought together a group of major mail customers, including Readers Digest, The Economist, Health & Science Inc., McGraw Hill, MLA International Mailing, UNICEF and World Scientific, and represented a total annual spend on mail of some USD66 million.
Read MoreDHL explores Senai Airport, Malaysia as a possible base
DHL Worldwide Express is exploring the possibility of setting up shop at Senai Airport in the southern Malaysian state of Johor. ‘They have approached us but it is purely exploratory,’ according to Yasmin Aladad Khan, general manager of DHL in Malaysia. DHL joins a growing list of express package delivery companies that have been approached by Senai Airport Terminal Services (Sats), which is in the midst of taking over the small Malaysian airport located north of Changi International Airport in Singapore.
Read MoreSingPost Launches S$300 Million Bond Issue
Singapore Telecommunications Limited (“SingTel”) today announced that Singapore Post Limited (“SingPost”), currently a wholly-owned subsidiary of SingTel, has launched a S$300 million bond issue. The unsecured bonds will have a maturity of ten years with a coupon of 3.13 per cent per annum payable semi-annually with an issue price of par. The issue, which will be fully underwritten, is jointly lead-managed by The Development Bank of Singapore Ltd and UBS AG, acting through its business group UBS Warburg.
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