The Posts Ministry [Japan] aims to allow a public corporation to be set up in 2003 to take over its postal operations, [and] to entrust the management of postal savings and insurance funds to domestic and foreign investment advisory firms, ministry sources said, the Nihon Keizai Shimbun reported in its Monday edition.
Read MorePostal officials must obey the letter of the law Takeshi Esaki Yomiuri Kenji Koso, a Liberal Democratic Party member of the House of Councillors, tendered his resignation on Sept. 25, only two months after his July election to the upper house, taking responsibility for a vote-soliciting scandal involving senior officials of regional postal service bureaus.
Koso, a former postal service bureaucrat, was forced by his party to resign from the Diet after 16 senior postal officials were arrested on suspicion of conducting illegal campaigns to support his bid for the upper house. Among the 16 officials involved were the incumbent head and other senior officials of the Kinki Regional Postal Services Bureau, as well as postmasters of post offices and special post offices in the Kinki region.
Read MoreTNT Express is aiming to be the market leader for express, mail and logistic markets in Asia by the year 2005. According to Eric Chong, the national sales and marketing director of TNT Malaysia, the company is projecting a four-fold growth to achieve the aim. This projection is also included for Malaysia.
Speaking to Business Computing last week, Chong discusses two strategies the company has put in place to be the market leader. Firstly, the company is looking at using technology to drive the market. He adds that the company will continue to improve customer communications with the company, and systems development within the company.
Secondly, TNT also hopes to expand their market reach through merger and acquisition. “We are interested in companies that can value add to our solutions,” says Chong.
Read MoreTNT Express said it would begin imposing a security surcharge of 3 percent per consignment on Oct 15, in response to increased security costs and risks.
Read MoreThe Papua New Guinea Cabinet has approved a financial rescue package for the countrys postal service. The Papua New Guinea government hopes PNG Post can be sold to the private sector, but Prime Minister Mekere Morauta has admitted that in its current state nobody would want it.
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