Keep in Touch – Quarterly Magazine of SingPost – April – June 2007
Keep in Touch – Quarterly Magazine of SingPost – April – June 2007
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MICA Launches Public Consultation on Draft Postal Services (Amendment) Bill
The Ministry of Information, Communications & the Arts (MICA) is embarking on a public consultation to seek feedback from the industry and members of the public on the draft Postal Services (Amendment) Bill, which will effect amendments to the existing Postal Services Act.
2 The Postal Services will be fully liberalised when Singapore Post Ltd (SingPost)’s monopoly license for Basic Mail Services expires on 31 March 2007 . The Postal Services (Amendment) Bill will provide the legislative framework for liberalising Basic Mail Services.
3 MICA and the Infocomm Development Authority (IDA) are working together to develop updated legislative and regulatory frameworks for the postal services sector. MICA will take into account the comments provided during this public consultation when finalising the draft Postal Services (Amendment) Bill in preparation for its consideration in Parliament.
4 The revised legislative and regulatory frameworks for this sector are expected to be fully implemented within this year. Upon implementation of the revised regime, interested industry players will be able to apply for licenses to operate in the basic mail services market.
Read MoreSingapore Post announces Senior Appointments
Singapore Post Limited (SingPost) today announced the appointment of Mr Dennis Quek Hong Kai as Chief Operating Officer (COO) for its Logistics and eBusiness divisions, to further drive growth in these two businesses.
Mr Quek, 44, will join SingPost on 1 April 2007. He has held various key management positions in both local and regional logistics companies including Flextronics International (Singapore) Pte Ltd and PTC Logistics (Singapore) Pte Ltd.
SingPost’s International Mail and Mail businesses will continue to be led by Mr Teo Yew Hwa and Mr Woo Keng Leong respectively. Mr Teo Yew Hwa will be promoted to Executive Vice President (International Mail) and Mr Woo Keng Leong will be promoted to Executive Vice President (Mail), with immediate effect.
These latest appointments further strengthen SingPost’s senior management team, which is poised to meet the challenges of the impending liberalisation of the Basic Mail Services market and to take the Group on its next phase of growth.
These three executives report to the Group Chief Executive Officer, Mr Lau Boon Tuan.
Read MoreSpring Global Mail enters the market for international press distribution in Germany
Spring Global Mail is entering the market for cross border press distribution. The new product, called Press Service, enables publishers to send products at more favourable prices than the main postal companies in Germany. In addition, the product contains a large range of services for the preparation of consignments.
The German postal market has a new player in the segment of press distribution. Spring Global Mail is entering the German market for press distribution.
Press Service offers two service levels: Premium and Economy. The rates of the Premium service are clearly more affordable than those of the main postal operator in Germany. The price advantage of the Economy service depends on the weight per item. There is no restriction on the minimum amount of items.
Spring Global Mail carries print products which are either already fully prepared by the customer or material that still requires further fulfilment. In this case Spring Global Mail offers a number of additional services, such as polywrapping, inserting into envelopes, addressing and franking. Spring carries only wrapped consignments due to quality reasons. Consignments are collected free of charge by TNT Express and the mail is distributed in the destination countries by Spring Global Mail’s partners.
Read MoreSingPost says it's ready for expiry of its 15-year monopoly on basic mail services
Singapore’s postal sector will be fully liberalised on April 1 this year. Basic domestic and international mail services – including collection and delivery of letters and postcards – will be opened to competition, after the 15-year monopoly of Singapore Post (SingPost) expires at the end of March.
The government said yesterday that the move – which was widely anticipated – could save businesses $8 million to $25 million a year over the next two to three years. Business mail makes up 95 per cent of total domestic mail.
Singapore’s postal services sector generated annual revenue of more than $1 billion – including $200 million from basic mail services – in 2004, according to the latest figures. Mail volume has been growing about 2 per cent per year in recent years.
‘We’re aware of the slow growth of the sector but we’re optimistic that with further liberalisation, we can introduce competition which will benefit customers. There are small but not insignificant cost savings,’ Minister for Information, Communication and the Arts Lee Boon Yang said at a news briefing yesterday. ‘The whole thrust of this is to help businesses reduce cost.’
‘We have received indications from postal services providers that they have an interest in entering the basic services market,’ said Dr Lee. ‘The intention is not to have a pre-determined number of operators.’
The potential impact on the earnings of SingPost is not expected to be of major concern – the group has been preparing for the loss of its monopoly by diversifying into non-postal services such as loans and pawnbroking.
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.