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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!