GOLETA – when the members of the NCAA Tournament selection committee get together, do they watch game tape?
If so, Long Beach State has a special delivery awaiting.
ADVERTISEMENT
The 49ers came to UC Santa Barbara, which …
The Japan Post Group could be restructured from five companies into four, with the mail delivery subsidiary Japan Post Service merged with the postal retail subsidiary Japan Post Network, under a new cross-party political agreement.
The move would reportedly see the abandoning of previous government proposals to turn the Group into a three-company structure prior to privatisation, part of a postal reform bill that has been stuck in political limbo for the past two years.
Details emerged yesterday of high-level talks between the main political parties in Japan on Friday regarding how to stem the poor performance at the national postal service.
The new restructuring model would see a merged Japan Post Service and Japan Post Network operating alongside separate Japan Post Insurance and Japan Post Bank companies, with all three under the control of Japan Post Holdings.
The previous three-company proposal had been for Japan Post Service and Japan Post Network to merge with Japan Post Holdings, which would control the insurance and banking companies.
Unnamed sources told the Japanese national newspaper Yomiuri Shimbun this week that agreement between the Democratic Party of Japan, the Liberal Democratic Party and new Komeito could pave the way for a fresh attempt to privatise Japan Post.
To do so, a ban on the sale of government-held Japan Post shares would need to be lifted. however, the newspaper said the meeting of the parties had fallen short of agreeing whether to sell off government shares in the Group’s insurance and banking subsidiaries.
The opposition Liberal Democratic Party favours the sale of all shares of the Japan Post Bank and Japan Post Insurance, while the other, governing parties would like the government to retain more than a 33% share in the companies.
Business lobbies from the banking and insurance sectors are urging a complete privatisation of the Post Bank and Post Insurance companies, concerned at the advantages the businesses have with government backing.
Losses
Japan Post Group has a network of around 24,529 post offices across the country, including 20,233 of its own branches and 4,296 contracted post offices, along with 1,110 delivery service branches and 2,536 collection and delivery centres, delivering around 64m pieces of mail each day to about 31m homes and businesses.
The company has spent much of the last year recovering after the March 2011 earthquake, but even before the disaster has found its growth in revenue “significantly outpaced” by an increase in staff costs and in collection, delivery and transport costs, along with an ongoing 3% annual decline in mail volumes.
In the year up to March 2011, the mail delivery company Japan Post Service registered a net operating loss of 103.4bn yen, delivering 19.8bn postal items through the year, 340m parcels through its Yu-Pack service and 2.6bn pieces of advertising mail through its Yu-Mail service.
Selling off government shares in Japan Post Group could potentially bring in 6 trillion yen to help with recovery efforts from the 2011 earthquake and tsunami.
Source: Post&Parcel/Japan Post/Daily Yomiuri
Tags: Japan, Japan Post Group, privatisation, restructuring
Popularity: 1% [?]
Type: NewsCategory: NewsOptions: Varied Award Shows–From ASC to WGA, VES to ADG, Golden Globes–Offer possible Preview of 2012 Academy Award NomineesLOS ANGELES, January 20, 2012, a SHOOT Staff Report — Editor’s note: this marks the …
how do you protect coastal areas from a once-in-a-millennium tsunami? You don’t, planners in Japan have concluded. so they are rebuilding the coastal seawalls washed away by the 11 March 2011 tsunami to their …
The Toyota Prius was Japan’s best-selling car in 2011, the third straight year the popular gas-electric hybrid claimed the country’s top spot. a total of 252,528 units of the Prius were sold over …
Font Size:
LAS VEGAS (AP) — a 23-year-old beauty queen from Kenosha, Wis., has won the miss America pageant in Las Vegas.
Laura Kaeppeler won the pageant Saturday night after strutting in a …
The previous record of $101 billion in insured losses came in 2005, the year of Hurricane Katrina. overall, 27,000 people lost their lives directly due to the 2011 disasters, according to Munich re.
The …
Raiders safety Tyvon Branch may have put himself in the picture for returning kickoffs as a result of a 70-yard return against the Detroit Lions on Sunday that was called back because of a helmet-to-helmet …
19 c Will the Arabian Gulf confederation will boost the GCC process? name : E Mail : SubscribeUnsubscribe Your subscription has been
Microsoft® Game Studios and Hexacto today announced the launch of “Links® Smartphone Edition.” the game brings golf fans the ultimate mobile golf game experience, with photo-quality animations and realistic ball and shot physics that factor …
For a one-company man like Andrew House, with 20 years’ service at Sony, 2011 must have been a year to look back on with mixed feelings.
For Sony as a whole, it was an unmitigated annus …
The tsunami in Japan and flooding in Thailand left the country’s automotive industry severely battered in 2011, with far-reaching repercussions at home and abroad.
Producers are now starting to recover, helped by an influx of tax-free …