Vietnam's postal service will be reorganised under a plan approved by the prime minister earlier last month the Vietnam News Service reported. Under the plan, the Viet Nam Post and Telecommunications Group (VNPT) would spin off the new Viet Nam Postal Corporation with a total equity of over VND8 trillion (US$500 million), according to Deputy Minister of Post and Telematics Nguyen Thanh Hung. The change would be effected July 1. The move effects a larger strategy of separating two sectors, … [Read more...] about VNPT to spin off postal unit

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”

TNT and Hongkong Post last month inked a Memorandum of Understanding (MoU) that will allow the two companies to better serve Hong Kong's booming retail market segment. The two parties will also explore business opportunities in emerging markets. The MoU was signed in Hong Kong by Peter Bakker, chief executive offi cer, TNT N.V., Ambrose Linn, managing director, TNT Hong Kong and Tam Wing-Pong, Postmaster General, Hongkong Post. Under the MoU, TNT Express has appointed Hongkong Post as … [Read more...] about Hongkong Post, TNT sign MoU

Global Cargo Carriers, Inc. Philippines (GCCI) said it is working on improving its relationship with the cargo industry and enhancing professional development for theairline cargo managers. "We are establishing a good working relationship with the Aircargo Forwarders of the Philippines. Inc. (AFPI). We plan to strengthen this relationship by joining them in their initiative of putting up the Aircargo Golf Club. We've also agreed to keep the communication lines open with regards to … [Read more...] about GCCI aims to improve relationship with cargo industry

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

The Hongkong Association of Freight Forwarding and Logistics (HAFFA) said it has been actively involved in supporting the development of IATA’s initiative to launch a pilot e-freight programme on key trade routes linking Hong Kong, the UK, Singapore, Canada and the Netherlands this year. The IATA initiative aims to free air cargo of paper and allow airlines, freight forwarders, Customs and others to seamlessly exchange electronicinformation and e-documents. The Association said that in … [Read more...] about HAFFA supports IATA e-freight initiative