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Published on January 5, 2008

Anusara Jitmitraparb, vice president for marketing and business development, said the venture would be managed as a "business model". The terms of reference for the franchise business are to be announced soon.

The company expects to grant at least 20 licences at first. The franchise shop will offer both postal and postal-deposit service. Franchisees must pay Bt570,000 for the licence, including an entrance fee of Bt250,000, an annual fee of Bt20,000, automatic postal equipment costing Bt150,000 and decoration expenses of Bt150,000.

For more information, please contact the Corporate and Marketing Communications Department at (02) 831 3515-6.

Nissan lay-offs

Nissan will lay off 450 workers at its plant in Barcelona, Spain, due to the euro's strength and the transfer of its production to Thailand, the company announced on Thursday.

Nissan expects its output at the plant to fall 7 per cent to 179,000 vehicles this year, Reuters reported.

 The Nation

Rule relaxation

Bangladesh has relaxed mandatory registration for foreigners arriving in the country in a bid to promote tourism and investment.

The Home Ministry recently said the mandatory system created a negative image of the country among foreigners intending to travel to Bangladesh for tourism and investment purposes.

The Daily Star, Asia News Network