Green light for 16.7% price rise at Australia Post
Australia Post has been given the green light to raise postage rates by as much as 16.7% from the end of this month. The price increase will temporarily reduce these losses with an expected $95m in extra revenue in 2014-15, but Australia Post is still forecasting a $313m loss in its domestic letter service in 2014 and 2015 with expectations of a 6.7% volume decline over the two years.
Domestic regular mail, postcards to go up ¥2
Japan Post on Monday began selling stamps and postcards for the new postal fees that will go into effect on April 1 in line with the consumption tax rate hike the same day. From April 1, it will cost ¥82 to send a regular-size letter domestically, up from the current ¥80, while a domestic postcard will cost ¥52 instead of the current ¥50. Japan Post has started selling 22 kinds of stamps and postcards at the new rates at about 24,000 post offices nationwide.
China Postal Express & Logistics Corporation Launches WeChat Business
China Postal Express & Logistics Corporation launched a WeChat business, aiming to make the postal process more streamlined and user-friendly. Customers now can place their orders in many different ways, including WeChat, APP client and EMS websites in addition to using phone calls. Customers can also check their business through WeChat.
PHLPost signs remittance agreement with Instant Cash
PHLPost has strengthened its global money remittance services following an agreement with Instant Cash, one of the leading money transfer companies which operates worldwide. Instant Cash provides a state of the art electronic Money Transfer System. Overseas Filipino workers (OFWs) can now send money anywhere in the world via Instant Cash.
SingPost to transfer Clout Shoppe to e-commerce partner Reebonz
SingPost said that luxury online goods retailer Reebonz will take over its e-commerce retail business Clout Shoppe, to allow it to focus efforts more on the fulfillment and logistics business. SingPost launched Clout Shoppe back in the summer of 2011 as an Internet shopping mall for luxury goods, with the intent that it would help develop the local e-commerce industry and SingPost’s role providing logistics for online merchants. While taking SingPost’s role out of the front-end of the Clout Shoppe retail business, the move also opens the door for SingPost to secure more e-fulfillment and logistics business from Reebonz, which specializes in the online retail of designer brands, but also has five physical stores in Singapore, Kuala Lumpur, Bangkok and Sydney.