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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Pos Malaysia, in a statement, said the company is now searching for a suitable replacement.
Syed Md Najib was appointed to his post in October 2018, when there was a structural decline in mail volume and a major shift in consumer behaviour towards what Pos Malaysia termed as digitally abled platforms .
He is the fifth CEO appointed by the group since the departure of Datuk Seri Syed Faisal Syed Ali Rethza Albar, who relinquished the group managing director cum CEO post in January 2012. Incidentally, Syed Faisal, who is group managing director of DRB-Hicom Bhd, is now Pos Malaysia s non-executive chairman following the resignation of Yasmin Mahmood from the post on April 1 after a two-year term.