Although the US decided to stay in the UPU, global postal rate changes were coming, according to some observers. Pos Malaysia believes that, like other countries’ postal operators, it needs to work towards operating in an open market, said the source. However, it is learnt that Pos Malaysia is practical about its survival, especially given its biggest-ever net loss posted last year. For its financial year ended March 31 2019, Pos Malaysia recorded a net loss of RM165.7 milliion. This is a key challenge as Pos Malaysia is not at all subsidised by the government.

Source: New Strait Times October 14, 2019 03:56 UTC