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New norms under Covid-19 crisis strengthens Malaysian postal & courier sector

New norms under Covid-19 crisis strengthens Malaysian postal & courier sector NST Business © Provided by New Straits Times KUALA LUMPUR: Malaysia s postal and courier sector - represented by Pos Malaysia Bhd, GDEX Bhd and Nationwide Express Holdings Bhd - posted a total revenue of RM2.79 billion last year. This was 3.7 per cent higher than the RM2.69 billion recorded in 2019. The growth was underpinned by strong demand for courier services following a surge in online shopping, according to Malaysian Communications and Multimedia Commision. The new norm accelerated digitalisation and proliferation of online shopping in the aftermath of the Covid-19 contributed positively for the parcel delivery segment, MCMC said in its Industry Performance Report 2020 released today.

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