Tag: Thailand Post

The numbers of letters and parcels have dropped by 20 percent, after Thailand Post increased stamp prices and other service fees a month ago.

President of Thailand Post Company Limited Theerapong Suthinon revealed that the company increased its service fees on January 15th, with the permission of the Cabinet. Although the numbers of letters and parcels is dropping, the company believes that the situation will soon be back to normal.

Thai Post Office has signed an MOU to undertake certain businesses jointly with the Bank for Agriculture and Agricultural Cooperatives (BAAC), Krungthep Turakij reported.

To prepare for privatisation, Thai Post Office is expanding its businesses. In 2004 the company expects to make 30% of its income from supplementary services like financial services and retail services and just 70% from mail services. The stamp price for sending a domestic letter will be increased from two baht to three baht in 2004, which is expected to raise Thai Post Office’s annual income from eight billion baht to nine billion baht. Thai Post Office still expects to operate at a loss in 2004.

The Thailand Post Company Limited in affiliation with Ek-Chai Distribution System Company Limited have launched their first franchise post offices.

Minister of Information and Communication Technology Surapong Suebwonglee presided over the opening ceremony of the first franchise post office at Tesco Lotus Supermarket, Prachachuen branch.