Pos Malaysia set to privatise
Malaysia Post is set to be acquired under the countrys privatisation programme by Phileo Allied
Read MoreTag: Asia
Reinventing India's postal system
INDIA’S POSTAL SYSTEM, the largest in the world, is facing
challenges on many counts. Its revenue deficit, which has been
steadily increasing over the years, shows no signs of restraint.
And, the growing usage of electronic communication has meant that
there is an incursion into what, till some years ago, was its
monopoly: the mail delivery system
PHILEO ALLIED-POS MALAYSIA WILL CONTINUE TO PROVIDE POSTAL AND RELATED SERVICES
Phileo Allied which has proposed to acquire the entire equity interest in Pos Malaysia, said that the principal activity of Pos Malaysia after the aquisition, was to provide postal and related services.
Read MoreCargoSmart portal stakes up for grabs
Hong Kong-based Orient Overseas Container Line (OOCL) wants to sell stakes in its CargoSmart Internet portal, and last week announced that it is in discussions with five Asian carriers.
Ken Chih, OOCL’s chief information officer, said: “We’ve just signed a three-year deal with Hewlett Packard (HP) for it to host CargoSmart. We recognised that if a neutral
party didn’t host it, we wouldn’t get other carriers using it.”
OOCL has set a 30 June deadline for the carriers to decide whether they want to take up to a 20% of the portal.
Threat of postage increase blamed on British rival
HONGKONG Post has threatened a postage increase after its United Kingdom counterpart allegedly exploited a loophole to set up a delivery company in the SAR, causing it to lose $9 million in the first three months of the year. Incoming mail from the UK plummeted 36 per cent in the period compared with that of last year, Hongkong Post said. It attributed the drop to a new practice – established in October – under which mail from the UK is brought in by the company and selectively delivered to major business areas and densely populated areas
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