PHLPost announces lower rates for domestic registered mail
The Philippine Postal Corporation has cut down the rates for its domestic registered mail, providing regular and future clients with savings from Php 5 to Php 45 (~0.1 to 1 USD). With the new reduced rates, mails weighing 20 grams or below cost PhP 20 for intra, PhP 25 for interland, and PhP 30 for interair. For 1,501 to 2,000 grams, cost is PhP 110 for intra, PhP 125 for interland, and PhP 150 for interair. “Intra” is posted from one province for delivery to the same province; “interland” is posted from one province for delivery by land to another province; while “interair” is posted from one province for delivery by air to another province.
SingPost expands its 24/7 parcel locker network
SingPost is collaborating with petrol company Caltex to roll out five new POPStations at service stations as part of a pilot. Customers can now post, pay, collect and return parcels at about 90 POPStations across the island. The POPStations are strategically located at very accessible places such as shopping malls, office buildings, sports and recreation centres, post offices and at community centres and are accessible 24 hours a day, seven days a week.
UPU joins group promoting a cash-free society
The Universal Postal Union (UPU) has joined the Better Than Cash Alliance, a global coalition governments and multinationals promoting a move away from cash towards digital payments. Moving these transactions from cash to electronic payment not only ensures the money gets into the right hands, but it provides better protection for consumers, makes money movements transparent and creates more opportunities to better reach and serve the un- and under-banked.
Japan Post makes $5bn offer for Australia’s Toll Group
Japan Post has made an audacious $5bn bid for Australian transport and logistics giant Toll Group, which could transform the logistics and e-commerce market in the Asia-Pacific region. If the acquisition goes ahead, Toll will be run as a division within Japan Post, retaining the Toll name.
Australia Post says Japan Post arrival will hurt vital services
Australia Post warned that Japan Post Holdings will "cherry-pick"profitable services if it entered the country, and said it may have to cut services for the first time in 30 years due to intensifying competition. Earlier, Australia Post warned that in 2015 it would post its first annual loss since being established as a registered company in 1989, after an 8.2 per cent decline in letter volumes led to a 56 per cent slump in net profit for the six months to Dec 31.