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THE surge in deliveries via its digital platform has helped GD Express (GDex) regain some business that was lost from its biggest contributor, which are the hotel, leisure and retail sectors
It may seem that logistics companies are enjoying a brisk spike in business during the movement control order (MCO) period, particularly those involved in last mile delivery - but that does not seem to be the case.
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).
PETALING JAYA: While GD Express Carrier Bhd (GDex) may be facing increasing competition and margin compression in Malaysia, it is working on expanding its operation around the region, starting from its venture into Indonesia.
Competition in the logistics space is heating up. But it is taking on a new dimension – the entry of well-funded startups looking to cash in on the growing e-commerce trends.
FOR the first time in five years, the 40 wealthiest Malaysians saw their wealth decline. The total wealth of the top-40 Malaysians based on their shareholdings in listed companies dropped by RM22.4bil to RM268.1bil as of end-2018.
Company taking advantage of weaker rupiah to buy stake in SAP