In its bid to diversify the varied fi nancial services and helping the common people, India Post is considering to launch a full-fl edged banking system- "Post Bank of India" in the country, the Hindustan Times reported. The announcement was made by Union Minister of State for Communication and Information Technology Dr Shakeel Ahmed, who noted that the main aim of introducing the banking system was to offer loans to the people in the remotest parts of the country exploiting the … [Read more...] about India Post to launch "Post Bank of India"

The Indonesian Forwarders Association (INFA) has reported that many of its members in the DKI Jakarta province have closed their business as a consequence of their inability to compete with multinational forwarders operating in the city. INFA said the number of forwarders has been reduced from 1,400 in 2005 to just 780forwarders who are active today. The chairman of INFA for the Jakarta chapter, Syukri Siregar said at the association's recent workshop that local forwarders have lost their … [Read more...] about Jakarta's forwarders carry heavy burden

Bangkok's Suvarnabhumi Airport is profi ting at the expense of airlines by abusing its monopoly status by imposing excessive landing and parking charges, the International Air Transport Association (IATA) claimed at its 63rd annual general meeting held in Vancouver lastmonth. The meeting also heard that the airport operators in Auckland, Sydney, Hong Kong, Seoul and Johannesburg had reaped profi t margins of more than 40 percent, while airlines have seen their cost savings - $1.9 billion … [Read more...] about IATA blasts AoT's fee hikes at meeting

Globe Express Services (GES) has opened new offi ces in Hanoi, Chennai and Bangalore. The Hanoi offi ce started operations last month. The move comes a year after the company's Ho Chi Minh branch was granted joint venture statusby the central Vietnamese government. "Globe Express Services believes in the growth potential of Vietnam as an emerging economy," commented Georges Mejaes, the company's regional director, Far East. "Many of our customers have expressed a strong … [Read more...] about Globe Express expands in Vietnam & South India

Swift Global Logistics has announced the opening of its Singapore office, set to start operations on August 1, bringing the Swift network to a total of 39 offices in 18 countries. Swift Global Logistics is an international freight forwarder and logistics provider. It is part of the Dubai-based Swift Group. Providing a comprehensive range of freight logistics solutions, Swift Global Logistics offers global connections through its network of offices throughout Africa, the Middle East, the Far … [Read more...] about Swift Global Logistics opens new S'pore office