KUALA LUMPUR (Oct 26): The Malaysian Communications and Multimedia Commission (MCMC) has frozen all new courier service licences for two years.
In a statement on its website today, the MCMC said the freeze on new licences is effective for the period of Sept 14, 2020 to Sept 15, 2022.
It said the decision was made under the licensing provision of the Postal Services Act 2012, and may be reviewed on a basis of needs.
The MCMC said during this period, it will not entertain any new applications.
However, it said applications received prior to Sept 14, 2020 will be processed as usual.
The MCMC said the licensing freeze is meant to enable the government, together with the postal and courier industry, to strategise to deal with changes in technology and marketing trends.
It added that the move was also taken as urged by the Association of Malaysian Express Carriers (AMEC).
AMEC comprises the 25 main postal and courier companies in Malaysia, including Pos Malaysia Bhd, GD Express Sdn Bhd, City-Link Express (M) Sdn Bhd and others.
Source: The Edge Markets