Live Breaking News & Updates on Group Managing Director Teong Teck Lean

Published on: Monday, December 07, 2020
By: The Edge
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Beginning in 2020, Pos Malaysia combined postal and courier services into one segment. The combined segment reported a loss of RM45.7 million in the half year ended June 30. – The Edge
Kuala Lumpur: The Malaysian Communications and Multimedia Commission’s (MCMC) decision to freeze the issuance of new licences for courier services for two years will provide the crowded field with some respite, although competition will remain extremely stiff.
The freeze, effective Sept 14, has been lauded by local industry players, which are concerned about the existence of too many courier service companies, especially given the influx of foreign-owned ones.  ....

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