Postal fund to become ‘reality’ with RM150mil injection

The government’s postal fund to ensure postal and parcel delivery services continue to reach rural and remote areas will become a “reality” when RM150 million is injected into it in the first quarter of 2027.

Communications minister Fahmi Fadzil said the fund, managed by the Malaysian Communications and Multimedia Commission (MCMC), would help support deliveries to “underserved” areas.

“The fund had been included in the Postal Services Act since 2012, but no previous government had taken steps to make it a reality,” he said at the World Post Day celebration today.

Fahmi said the fund would operate similarly to the Universal Service Provision (USP) Fund in the telecommunications sector, which helps provide services to remote areas.

He said he had also asked MCMC to ensure the fund could be used for more than just traditional postal services, including the delivery of goods and parcels, to these locations.

Fahmi also said the government was looking into the long-term future of the postal and courier industry, particularly as the growth of e-commerce and foreign courier companies continued to change the sector.

He said changes to existing policies, laws and operations may be needed to help the industry adapt to present-day challenges.