The proposal, which came from the Malaysian Communications and Multimedia Commission (MCMC) last year, requires courier companies to have 51% local ownership. Under the proposal, there are exceptions for public-listed courier companies. Based on a public consultation paper on the Proposed New Courier Service Licensing Framework, MCMC has proposed a new courier service licensing structure comprising three classes of courier services. The three are National Delivery Service (N-Courier), Urban Delivery Service (U-Courier) and Pick-up Drop Off Points (PUDO), and Intermediary Service (I-Courier). Courier companies that aspire to an N-Courier licence would have to raise their minimum paid-up share capital to RM50 million.

Source: The Edge Markets October 25, 2022 03:12 UTC