Tag: Asia

Japanese Govt: Postal Bills Top Priority

Ruling bloc and government officials are planning to extend the current Diet session beyond 19 June, possibly until early August, to enable the passage of key bills, sources at the ruling parties and the government said Wednesday [29 May]. Of the four key sets of bills the ruling bloc and government initially hoped to enact, officials are now planning to give top priority to one to revise the Health Insurance Law, critical for financing next fiscal year’s budget, and the postal reform bills that Prime Minister Junichiro Koizumi is eager to see passed, the sources said.

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Koizumi Confident Postal Bills Will Pass

Prime Minister Junichiro Koizumi said Tuesday he was confident of getting a postal services deregulation package passed in the Diet despite opposition from many lawmakers in both the ruling and opposition camps, Kyodo News agency reported. ‘Now almost all oppose them, but almost all will support them soon,’ Koizumi said in an address at a ceremony to mark the merger of the Federation of Economic Organizations (Keidanren) and the Japan Federation of Employers Associations (Nikkeiren), into the Japan Business Federation (JBF).

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SingTel Talking About Postal Divestiture

Singapore Telecommunications Ltd chief executive Lee Hsien Yang said “SingTel continued to talk to bankers about the possible divestment of its postal unit but it was too early to predict the timing of a decision. He refused to say if the company was looking at divesting other non-core assets. ‘We regularly look at assets which we own,’ he told reporters.

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India Post Office to retail govt bonds

AFTER small savings instruments, mutual fund products and bonds, now post offices are set to retail the Government securities (G-secs) through its countrywide network.
The Department of Posts and the Reserve Bank of India (RBI) have cleared a proposal from a leading primary dealer, IDBI Capital Market Services Ltd (ICMS) to offer G-secs from the secondary market to investors, through the network of the postal department. Investors having a demat account can buy the Government securities of maturities ranging from one to 25 years from the post offices by investing a minimum of Rs10,000 or in multiples.

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Taiwan to Negotiate Postal Links with China

Officials from Taiwan have said they will choose a delegation of business representatives to negotiate direct shipping, postal and travel links with China, signalling a possible breakthrough in ending a 53-year ban on such activity. Beijing has also signalled a willingness to allow direct links to be negotiated on a business, rather than a political level.

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