Pos Malaysia wants to raise stamp prices | Malay Mail

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Pos Malaysia wants to raise stamp prices

DRB-HICOM group managing director Datuk Seri Syed Faisal Albar conducts a media briefing in Melaka April 10, 2019. — Picture courtesy of DRB-HICOM

“If you are a highway operator, you cannot survive. Any business also can’t survive, 18 years no increase in revenue. Can you survive with salary the same since 1992? So, after 2010, it was supposed to be small increase every three years. Syed Faisal also pointed out that every new development will incur cost on Pos Malaysia, including commercial lots and office towers.In February, Pos Malaysia reported its second quarterly loss in 10 years recording a RM13.02 million net loss in the third quarter ended December 31, 2018 , due to lower revenue contribution from the international and logistics segments.

 

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