KUALA LUMPUR (Aug 2): Pos Malaysia Bhd has inked a collaboration agreement with China-based STO Express International Co Ltd to jointly explore cross-border cooperation.
In a joint statement today, the firms said the cooperation will provide the businesses in South East Asia (SEA), especially small and medium enterprises (SMEs) within the region, an end-to-end logistics platform with improved efficiency in international courier services at an affordable rate, positioning Malaysia as a gateway to the ASEAN region.
Pos Malaysia group chief executive officer Syed Md Najib Syed Mohd Noor said the tie-up will only strengthen Pos Malaysia's position through the exchange of best practices and technology in establishing an end-to-end logistics platform for SMEs as well as individual consumers, thus providing a one-stop solution platform for international courier services.
He said this will help SMEs accelerate the growth of e-commerce in the country and contribute positively to the nation's gross domestic product (GDP).
"Both parties will fully realise their common vision and goals in building a faster, stable, transparent, comprehensive and customised product and service offerings via cross-leveraging their current infrastructures from logistics, warehousing and best practices in SEA. In time, the services will be offered to other countries including the USA and Europe.
"This serves as a catalyst of business growth in the area of e-commerce and it will further propel SME businesses to expand in the SEA market. In fact, it will be an excellent ground to promote Malaysian products into China and vice versa," he said.
Pos Malaysia said the project kick-off will include the integration of information technology system between both companies, and the launch of the pilot delivery model plan by mid-August 2019.
It said the next phase will be expanded into synergistic sharing of assets and new product development.
At 11.36am, Pos Malaysia shares dipped 0.58% or 1 sen to RM1.72 for a market capitalisation of RM1.35 billion.