Pos Malaysia revises rates for registered mail, commercial mail and small parcels below 2kg

KUALA LUMPUR (Jan 28): Pos Malaysia Bhd will revise postage rates for registered mail, commercial mail and small parcels below 2kg effective from Feb 1.

In a statement to Bursa Malaysia after the market close, the postal group said the new rates were the result of rising operational costs and the increase in the international rate structure by the Universal Postal Union (UPU).

“Pos Malaysia’s commercial clients represent 95% of all mail users in Malaysia with only 5% comprising individual mail users. Pos Malaysia’s various commercial clients ranging from banking, telecommunications to retail have expressed support towards the new postage rates, as it is deemed reasonable and would have minimal impact on their businesses,” the group said in the statement.

The group added that the postage rates for personal and non-commercial mail users will be maintained at the current 60 sen level.

The postal tariffs were last adjusted in 2010.

More to follow...