Prime Minister Sir Mekere Morauta has made it clear that prices for telecommunications and mail services will have to rise in future to stop Telikom and Post PNG [Papua New Guinea] from being ‘a burden on taxpayers. In a separate statement on Post PNG, Sir Mekere said NEC [National Executive Council] had endorsed a detailed financial and management recovery plan.
Read MoreDHL Worldwide Express last year saw the strongest volume growth of the four main express carriers operating in Hong Kong.
While general air cargo at Chek Lap Kok airport fell 8 per cent year on year, express volume jumped 9 per cent, aided in part by DHL’s March move of its intra-Asia hub to the SAR from Manila.
Airport sources said DHL easily eclipsed the facility’s overall growth figure, but would not say by how much.
United Parcel Service Philippines (UPS) has launched a new service that gives local importers a handle on planning shipping budgets.
UPS, the world’s largest express carrier and package delivery company, goes one step further in easing importers woes by publishing rates for packages imported from abroad.
The service, first available in Hong Kong and Australia in 2000, is also being introduced in Singapore, Taiwan, Malaysia, Thailand, Korea, Taiwan and Japan.
Leading airfreight forwading company Federal Express, has pledged to remain committed to the Malaysian market and build even a stronger presence in the country.
Managing director of Federal Express Services (M) Sdn Bhd (Malaysia and Brunei) Ramesh Kumar Singam said it expects to achieve this by providing the best of products while enhancing its security features for the interest of its customers.
The Japanese Ministry of Public Management plans to let the public postal corporation, to be created in spring 2003, participate in the call market, a short-term fund market for financial institutions, the Nihon Keizai Shimbun reported in its Monday edition. If the plan materializes, the corporation will be allowed to pump postal deposit and insurance funds, totaling Y2-3 trillion, directly into the market, making it the largest fund supplier in the call market.
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