Tag: Worldwide

Q-Post chairman meets delegates from Botswana

Posted by | Jun 20, 2007 | |

Q-POST has expressed its willingness to provide expertise to Botswana Post. Chairman of Q-Post Ali Mohamed Ali was talking to a three-member official delegation from Botswana Post at his office yesterday.

Explaining the transformation of Q-Post since its formation, he spoke of the corporation’s initiatives over the last few years following the strengthening of its IT section.

The chairman spoke about the diversification that Q-Post had undertaken over the last few years to generate revenue. Al-Ali also spoke of the success of some new services provided by the corporation.

The Botswana Post delegation comprised of its deputy director Ahmed Menagera, head of business assurance Jahaba Kuheba, and retail manager Ned Platshwaye.The delegation were taken on a tour of the facilities at the General Postal Corporation head office.

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Postal Professionals Gather for Forum in St. Petersburg

Posted by | Jun 19, 2007 | |

The growing competition that traditional postal services face against new information technologies, the liberalization of the industry and its survival in the internet era are all topics set to be discussed in St. Petersburg starting Tuesday, when postal industry professionals from around the world gather at the Pochtovaya Troika event.

The postal industry forum, which ends Thursday, is held every two years and this year, organizers say, the event will be particularly significant for the industry as it is held between two important international events — the Strategic Conference in Dubai of the year 2006 and the Nairobi Congress — scheduled for 2008.

The forum’s program is planned in such a way as to become a logical follow-up to discussions and debates that are expected to start during the Strategic Conference in Dubai; in addition, it is a part of the communication plan of the Strategic Planning Group of the UPU, chaired by the Russian Federation, the website continues.

For the first time, this year the forum will become “strategic,” which will be reflected in the event’s agenda, Russian Minister for Information Technologies and Communications Leonid Reiman — due to take part in the forum’s opening ceremony — said in a welcome note to guests and participants of Pochtovaya Troika.

With the development of new information technologies including the internet, communication through the means of the simple letter has increasingly become a thing of the past. But contrary to the popular belief that the post service will be obsolete in the foreseeable future, industry experts are positive and say postal services will always find a market.

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Geodis enhances China forwarding services

Posted by | Jun 19, 2007 | |

Geodis has strengthened its services to Hong Kong and China, following the recent acquisition of TNT Freight Management (TFM) which doubled Geodis’ exporting capacity in Asia. The company intends to incorporate Geodis Overseas, its existing air and sea freight activities, under the Geodis Wilson umbrella before the end of this year.

“Geodis has traditionally had a strong presence in Hong Kong and China,” said Jamie Cuthbert, managing director of Geodis UK, “and the scope of our organisation has grown significantly since the acquisition of TFM. We now have 210,000 square feet of warehousing space and 620 employees across our nine offices throughout the region. With the pooled volumes this has brought, we have further enhanced our offering to the market-place. The deal has allowed us to implement an even more competitive pricing structure, increase the frequency of our services and provide a greater coverage of the region.

Geodis Wilson’s air freight service out of the region operates direct consolidated air shipments on a daily basis. For sea freight, the company functions as a Non Vessel Owning Common Carrier (NVOCC).

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India Post to launch Post Bank of India

Posted by | Jun 19, 2007 | |

In its bid to diversify the varied financial services and helping the common people, India Post is considering to launch a full-fledged banking system-, Post Bank of India in the country.

This was announced here today by Union Minister of State for Communication and Information Technology Dr Shakeel Ahmed while presiding the function of tie-up between HDFC Bank and Department of Posts (DOP), West Bengal circle, to offer loans against postal securities.

Dr Ahmed said the main aim of introducing the banking system was to offer loans to the people in the remotest parts of the country exploiting the vast network of India Post.

“We are having discussions with the Union Finance Ministry in this regard and some amendment will be made in the postal act, if necessary, to ensure the full-fledged banking system by India Post”, Dr Ahmed said.

He said the proposal would be placed in the next session of Parliament.

Expressing concern over the low interest rates in post offices, Dr Ahmed said his department was taking a number of steps to make India Post a hub of multiple activities. He also informed that all the 150 post offices in the country would be linked with the National Data Centre during the 11th five-year plan.

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TNT completes delisting from New York Stock Exchange

Posted by | Jun 18, 2007 | |

Following its announcement on 25 May 2007, TNT N.V. announces that the delisting of its American Depositary Receipts (‘ADRs’) from the New York Stock Exchange is effective as from today.

TNT’s American Depositary Receipt facility continues as a Level I program with Citibank, N.A. as depositary. TNT’s ADRs will be traded on the over-the-counter market. TNT has not arranged for the listing of the ADRs or its ordinary shares on any other national securities exchange or for the quotation of its shares in a quotation medium in the United States. TNT’s ordinary shares will continue to be traded on Euronext Amsterdam.

Furthermore, today TNT has filed a Form 15F with the U.S. Securities and Exchange Commission to deregister and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934 (‘Exchange Act’). TNT’s obligations under the Exchange Act are suspended as from today. By operation of law, the deregistration will become effective 90 days after the filing, i.e. September 16, 2007. TNT reserves the right to withdraw the Form 15F for any reason prior to its effectiveness.

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