Accountants at NOL, parent company of Singapore-based APL, are getting closer to discovering the full extent of the shipping line’s losses last year. NOL Chairman Cheng Wei Keung admitted that preliminary results ‘were worse then expected’, but said losses were ‘unlikely to exceed US$335m (EUR318m)’
Read MoreChina lets foreign courier firms control ventures
Read MoreThe Asahi Shimbun The Postal Services Agency says it will begin selling envelopes at post offices in and around Tokyo, Osaka and Nagoya in April. The move is aimed at boosting the profitability of the postal mail business, which will be transferred to a new public postal corporation to be established on April 1. The agency had refrained from selling mail-related goods at post offices, citing a desire to steer clear of criticism it was muscling in on the business of stationery shops and other private businesses
Read MoreThe Postal Services Agency announced Thursday that it will install postal boxes at Lawson convenience stores across Japan where domestic and international mail will be accepted for delivery. The service, which will initially start at Lawson stores in urban localities, will begin Jan. 1, 2003. There are approximately 7,600 Lawson stores nationwide.
Read MoreGlobal experience shows that financial services contribute 40-80 per cent of the revenues of the postal departments, according to Mr Hans Boon, vice president ING(FI I&GA), Head of PostBank International Consultancy. “Financial services sector is currently growing at a faster pace while growth in business from mail services is more or less dependent on the growth rate of gross domestic product (GDP) of a country,” he said.
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