Two post office companies, one Asian and one European, plan to jointly invest with Krung Thai Bank PCL in Thailand Post Co, the Nation reports, quoting Krung Thai Bank’s President Viroj Nualkhair.
Read MoreFedEx Express Corp is drafting a long-term investment roadmap for its Thai operations following the recent signing of a Thai-US “open skies” agreement for the air cargo industry.
A FedEx executive said the air cargo company would expand operations in Thailand but the Philippines would remain its hub for Asian operations.
“We are now looking to play a bigger role and to invest more in increasing flight capacity and upgrading facilities in Thailand, with a significant outlay projected for next year,” said David Cunningham, president of FedEx Asia Pacific. He declined to elaborate on the investment figure.
Read MoreAfter considerable expansion in TNT’s Don Muang Airport operation, Thailand will officially become the fourth country in the company’s Asia network to be granted hub status. The new 24/7 airport operation, opened in February 2003, is dedicated to Express services covering import, export and trans-shipment consignments.
Read MoreUPS is seeking to make use of potential business opportunities in the Southeast Asian markets.
The company has started daily flights between its Philippine base and Kuala Lumpur using a chartered Boeing 737 aircraft, and is planning similar services linking Bangkok next month with a Boeing 757.
Read MoreThe post office has officially separated from the Communications Authority of Thailand, a report in Krungthep Turakij said.
As part of the government’s privatisation plan, the Communications Authority of Thailand has officially split into two separate companies – CAT Telecommunications and Thailand Post. A new board of directors has been charged with forming an organisational restructuring plan for Thailand Post. The post office plans to make an agreement with a bank to expand its services and will offer more information technology services, such as electronic messaging. It will also increase postage stamp prices.
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