Freeze comes as a parcel of joy for couriers

Pos Malaysia and GDex to gain most from MCMC's decision

PETALING JAYA: The two-year moratorium on the issuance of courier service licences will ease some pressure on earnings for existing players such as Pos Malaysia Bhd and GD Express Carrier Bhd (GDex).

Analysts note that while the parcel delivery segment has been a beneficiary of the Covid-19 pandemic as e-commerce grew, the sector is a crowded one with cut-throat competition squeezing operators’ margins.