UPS to expand in Asia

UPS to expand in Asia

SINGAPORE (AFP): The world's largest courier service, United Parcel Service (UPS), announced yesterday plans to increase its operations in the Asia-Pacific region, a senior company official said.

Kent Nelson, the chief executive officer of the U.S.-based company, said UPS had already drawn up plans to either begin opening new offices in countries in the region or through joint ventures and expanding existing operations.

He disclosed that UPS would be setting up a warehouse in Singapore in September in keeping with the republic's position as the regional headquarters.

He added that UPS was now in the process of beginning "small operations in some of the countries in the region as a first step to making its presence."

Nelson said UPS was already negotiating with several business organizations in the Philippines, Indonesia, Vietnam, Burma and India.