Singapore Post (SingPost), a wholly owned unit of Singapore Telecommunications Ltd, said yesterday it has received approval from the Singapore Exchange for a mainboard listing. News indicating the imminent listing of SingPost has been coming in at regular intervals over the last few months. A terse statement from SingTel said that the SingPost divestment is the result of a strategic review of its assets.
Read MoreThe Public Management Ministry on Wednesday approved an interim management plan and goals governing the business guidelines for Japan Post, which will go into operation on April 1, and announced a set of guidelines for the definition of confidential mail articles to be handled exclusively by the new public corporation. Japan Post will be established as a public corporation replacing the Postal Services Agency.
Read MoreGerman postal group Deutsche Post World Net said on Friday it plans to invest millions of dollars in Asia this year as part of its aim to maintain double-digit revenue growth in the region. ‘It’s in the three-digit million area for one year, in U.S. dollars,’ Klaus Zumwinkel, chairman of the board of management of Deutsche Post, told a news conference in Singapore. ‘In Asia, we are growing double-digit in revenues so we need more people and more investments.’
Read MoreCharles A. Adams, president of UPS Asia Pacific, today announced his retirement. For the past eight years, Adams has been a vital force in driving the development and growth of UPS operations in Asia. He will be succeeded in April by Ken Torok, 49, a long-time UPS executive.
Read MoreMitsui-Soko Co. said it has agreed with the Japanese Postal Services Agency to combine their respective warehousing and small-parcel delivery services. The tie-up will enable companies to outsource whole “business to consumer” services including the acceptance of orders by telephone, warehousing, home delivery of merchandise to buyers, and the collection of payments, the warehousing company said.
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