GD Express to Indonesia End of This Year
According to the courier company, they should seize the opportunities of the growing market in the sector in line with the establishment of the ASEAN Economic Community (KEA) soon. CEO, Teong Teck Lean, said the move also marks the first exploration of GD Express Carrier outside of Malaysia and Singapore.
"By having a branch in the world's fourth largest country, united states post office they will pave the way for us to operate on a large scale in the near future. We see many opportunities in ASEAN and the establishment of KEA soon, we are planning to operate in every city Asean, united states post office "he said.
Expected to occur by the end of next year, KEA will help change the ASEAN into a single market and production base of 600 million people with free movement of goods, services, investment and skilled labor.
With approximately 40,000 small and medium enterprises into customers, 26 percent owned by GD Express Singapore Post Ltd (SingPost), Singapore's national postal system. In late May, Alibaba Group Holding Ltd., China's biggest e-commerce, spent U.S. $ 312.5 million to buy a 10 percent stake in SingPost to expand its logistics base in Southeast Asia.
With expect more mergers and acquisitions will occur in e-commerce ecosystem in courier services, Teong not reject the possibility of selling GD Express or making acquisitions for growth purposes.
The logistics united states post office company recorded a 29.9 per cent rise in pre-tax profit year-on-year to RM17.3 million for the first three quarters ended March 31, 2014 while revenue increased 17.7 per cent to RM117.1 million in the same period.
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According to the courier company, they should seize the opportunities of the growing market in the sector in line with the establishment of the ASEAN Economic Community (KEA) soon. CEO, Teong Teck Lean, said the move also marks the first exploration of GD Express Carrier outside of Malaysia and Singapore.
"By having a branch in the world's fourth largest country, united states post office they will pave the way for us to operate on a large scale in the near future. We see many opportunities in ASEAN and the establishment of KEA soon, we are planning to operate in every city Asean, united states post office "he said.
Expected to occur by the end of next year, KEA will help change the ASEAN into a single market and production base of 600 million people with free movement of goods, services, investment and skilled labor.
With approximately 40,000 small and medium enterprises into customers, 26 percent owned by GD Express Singapore Post Ltd (SingPost), Singapore's national postal system. In late May, Alibaba Group Holding Ltd., China's biggest e-commerce, spent U.S. $ 312.5 million to buy a 10 percent stake in SingPost to expand its logistics base in Southeast Asia.
With expect more mergers and acquisitions will occur in e-commerce ecosystem in courier services, Teong not reject the possibility of selling GD Express or making acquisitions for growth purposes.
The logistics united states post office company recorded a 29.9 per cent rise in pre-tax profit year-on-year to RM17.3 million for the first three quarters ended March 31, 2014 while revenue increased 17.7 per cent to RM117.1 million in the same period.
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