Tag: Asia

Japan's Postal Sector Opens in 2003

The Posts Ministry has decided to allow the private sector to fully enter postal operations as early as fiscal 2003. The decision would eliminate for the first time ever the government monopoly on the collection and delivery of envelope mail and postcards, and enable package shipping firms to handle all types of mail.

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DHL: Business Improves in Asia-Pacific

DHL Worldwide Express has seen business pick up in the fourth quarter. Business was slow in Europe and the US, but Asia was still posting strong growth at about 10 per cent annually. The firm aims to pour US$300 million in investments in Asia to boost infrastructure network, vehicle fleet, workforce and customer service.

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Korea Post to increase postage rates by 9.5% next year

Korea Post said it plans to raise postal charges by 9.5 per cent in the first half of next year. The state-run postal authorities attributed the hike to worsening foreign exchange terms and the failure of postal rates to cover the cost price which the postal service spends to accept, process and deliver mail.

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