POS Malaysia & Services Holdings Bhd hopes to set up between four and six postal outlets at Petronas petrol stations by the end of the year. Pos Malaysia, which signed a memorandum of understanding (MOU) with Petronas Dagangan Bhd yesterday, said it has also agreed to explore the possibility of opening up to 30 such co-location outlets a year.
Read MoreI haven’t sent a letter through the post in years. My preferred choice of communication is the phone and SMS.
But I receive a lot of “snail mail” — bills, magazines, circulars and other such like. Conclusion: Business mail is good business for Pos Malaysia & Services Holdings Bhd.
Analysts have come to the same conclusion.
POS Malaysia Bhd will spend more next year to boost operations as it expects flat earnings growth for the current year ending Dec 31, 2001, hurt by a sluggish economy and increasingly popular e-mail.
Read MoreBANK Simpanan Nasional Bhd (BSN) plans to use its stake in Pos Malaysia Bhd to tap the postal service’s wide distribution network and services, says its general manager and chief executive Abu Huraira Abu Yazid.
He said Pos Malaysia’s 600-odd post offices and BSN’s 400 branches will provide both companies with a combined network of over 1,000 outlets and extend their reach.
Read MoreNeMalaysia’s Finance Ministry late Tuesday said it is reviewing the terms of the Pos Malaysia Bhd. sale to Phileo Allied Bhd. as they don’t reflect Pos’ true value
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