Industry players welcome postal tariff hike


  • e-Commerce
  • Saturday, 14 Sep 2019

The proposed increase in postal tariffs could be a boon for logistics companies. In particular, it could benefit national courier and postal service provider Pos Malaysia Bhd, which fell into the red in the financial year ended March 31, 2019 (FY19).

On Thursday, Communications and Multimedia Minister Gobind Singh Deo was quoted as saying the government may increase the postage hike as early as next month. Shares of Pos Malaysia closed 5.4% higher to RM1.75 apiece yesterday following the announcement.

This story is exclusively For StarBiz Premium subscribers only.


Article type: premium
User access status: 3

   

Across The Star Online


Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia