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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