Thailand Post

Thailand Post (THP) is a state-owned company that provides postal services in Thailand. It was previously a member of Thailand's Communications Authority until 2003. King Rama V created the Post and Telegraph Office in 1883.: 19 Its initial post office was in a big edifice near the Chao Phraya River, on the north bank of the Ong-Ang Canal. It was renamed "Department of Mail and Telegraph" in 1898 after merging with the Telegraph Department. In 1977, the agency was abolished, and the country's mailing and telegraphing were taken over by the "Communications Authority of Thailand," a new government-owned firm (CAT). The government split the communications authority into three corporations in 2003: "Thailand Post," "CAT Telecom," and "Thailand Post."In compliance with the Communications Authority of Thailand Act 1976, the Communications Authority of Thailand (CAT) was created on February 25, 1977, as a state-owned corporation. Since her inception, the CAT has been in charge of all areas of postal operations, including service supply previously handled by the Post and Telegraph Department, and she has been in charge of the postal service's development ever since. The CAT's office was originally located in the Central Post Office but was later relocated to Chaeng Watthana Road. The CAT had consistently improved its postal infrastructure and operating system, establishing itself as a prominent state-owned enterprise in the Kingdom, famous for its capability and service quality that met or exceeded worldwide standards.Thailand Post reported a 3.5 billion baht net profit in 2016 on revenues of 25 billion baht, up from 22 billion in 2015. In 2017, it anticipates revenue of 26.9 billion baht and a net profit of 3.3 billion baht. The company employs 24,000 people across the country. There are 19 logistics centers and 1,300 post offices in the company's network. Thailand Post reported revenue of 27.8 billion baht in 2017, an increase of 8% over 2016, and a net profit of 4.2 billion baht, an increase of 18%. The company expects total revenue to exceed 30.8 billion baht in 2018, with double-digit growth in net profit. Thailand Post anticipates revenue of 30.8 billion baht in 2018 and a profit of five billion baht in 2019. The success of e-commerce is to blame for the rise. eBay is the most popular foreign e-commerce platform among Thai retailers. More than 10,000 Thais sell their things on eBay.