Tag: Singapore Post

Hand-held mobile scanning for Courier Express at SingPost

With the advent of wireless communications and internet, SingPost had to face expectations for faster and better service from its customers for express parcels.

Manual tracking of express parcels, with reduced accuracy and efficiency, more human resource involvement, and paper wastage, seemed so outdated.

SingPost which provides efficient and high quality domestic and international postal services in Singapore, recognized the problem. It became determined to meet and exceed the rising customer expectations. To do this, it had to do away with its existing system (in operation until 2004) whereby the old barcode readers were outmoded and the Internet service provider providing the public wireless network was decommissioned.

SingPost consulted with its information technology partner NCS Private Limited, over a period of six months, to define the project specifications and mapped out the entire process of the project.

Bring it up to the speed

After a series of stringent equipment definitions, preliminary research and testing, the task force identified that the Intermec 760 handheld mobiles were ideal for the barcode scanning function for its Speedpost operations, based on product reliability, customer service and technical support.

These devices were manufactured by Intermec, Inc., a firm which develops, manufactures and integrates technologies that identify, track and manage supply chain assets

The Intermec handheld mobiles were subjected to drop tests, splash tests, battery power consumption when using GPRS (general packet radio service) connections and field barcode scanning reliability.

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Singapore Post upgraded to 'buy' from 'hold' on attractive valuation

Kim Eng Securities has upgraded Singapore Post Ltd (SingPost) to “buy” from “hold” in light of the stock’s attractive valuation compared to its target price of 1.38 Singapore dollars a share.

“The stock looks attractive now following the share price correction in the past two weeks,” Kim Eng said in a client note Thursday.

“Furthermore, SingPost provides a safe harbor amid a volatile market, given its quarterly dividend payouts and its attractive policy of paying out 80-90 percent of earnings (or a minimum of 5 cents/share),” it said.

The brokerage expects SingPost’s year to March 2008 net profit to grow to 150.9 million Singapore dollars from a projected 139.7 million dollars this year.

Kim Eng said the postal operator’s growth initiatives overshadow the threat from potential local competitors as Singapore liberalizes its postal services.

SingPost said last month it will continue to grow its core businesses of mail and logistics locally, and extend its regional reach.

At the end of the morning session, SingPost was up 1 cent or 0.9 percent at 1.13 dollars, with 1.9 million shares traded.

(1 US dollar = 1.45 Singapore dollars)

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SingPost appoints Wilson Tan as Group CEO

Singapore Post Limited (SingPost) today announced the appointment of Mr Wilson Tan Wee-Yan as its Group Chief Executive Officer effective 15 October 2007. Mr Tan will also join the SingPost Board as a Director.

Mr Tan, 49, joins SingPost from NEC Solutions Asia Pacific Pte Ltd (Singapore) where he held the position of Managing Director. Since 1993, Mr Tan has held key management positions with regional responsibilities in multi-national companies including Apple Computers, Informix, Software AG and Xerox Corporation, developing and growing the businesses in Asia and the region.

Mr Tan, who was named the IT Person of the Year 2005 by the Singapore Computer Society (SCS), presently holds various appointments including President of SCS and International Advisor to the Thailand Software Park. He also sits on the advisory board of various education institutions including the Institute of Systems Science (ISS) and Singapore Polytechnic School of Media and Infocomm Technology.

He is a past board member of the National Computer Board (NCB) and the Infocomm Development Authority (iDA). He had also served as Chairman of the Singapore IT Federation (SITF), Asia Oceania Computer Industry Organization (ASOCIO) and the National IT Standards Committee and was a member of the National Standards Council.

Mr Tan has served 14 years as a Board Member of Bizlink Singapore, a welfare organization dedicated to assess, train and place disabled clients.

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SingPost Group CEO resigns

Mr Lau said that his three years with SingPost have been both fulfilling on a professional level and enriching on a personal level. — PHOTO: BUSINESS TIMES

The Group CEO of Singapore Post Limited (SingPost), Lau Boon Tuan resigned on Friday 31st August to pursue other opportunities. He will also step down as Director of SingPost.

Mr Lau has been SingPost’s Group CEO since February 2005.

SingPost will be looking for a suitable candidate to take over his post and take the company to the next level.

In the meantime, Mr Dennis Quek will serve as acting CEO. He is currently SingPost’s Chief Operating Officer, Logistics & eBusiness and has over 17 years of experience in both local and regional companies.

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