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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.

Pos Malaysia Imposes Fuel Surcharges as Jet Fuel Prices Surge Amid War

Pos Malaysia Bhd  has introduced  fuel surcharges on domestic and international deliveries , reflecting rising logistics costs driven by surging global fuel prices amid escalating Middle East tensions. Fuel Surcharges Introduced Across Services Effective  March 18, 2026 , Pos Malaysia will apply: 15% surcharge on domestic shipments 40% surcharge on international deliveries These charges are applied  on top of base shipping prices  and are subject to  sales and service tax (SST) . The domestic surcharge covers routes between  Peninsular Malaysia and East Malaysia , including Sabah and Sarawak, while international surcharges apply across  all global destinations and services . Broad Impact Across Delivery Products The surcharge affects key services such as: Pos Laju and MyDistribution (domestic) Redly Express, EMS, Air Parcel, and Flexipack International However,  postcards and international letters are exempt , offering some relief for basic m...

Ninja Van Reinvents B2B Restocking with Tech-Driven Solutions

In the fast-paced world of business, stockouts can be costly, leading to missed sales and lost opportunities. Fluctuating seasonal demands and inaccurate forecasting are common challenges that lead to understocking, impacting both performance and customer satisfaction. A study by Harvard Business Review found that retailers lose nearly half of intended purchases when customers encounter out-of-stock situations. To address this pain point, Ninja Van , known for its last-mile delivery services, has launched Ninja Restock , a business-to-business (B2B) restocking service aimed at solving stock shortages. Ninja Restock serves as a "personal supply chain assistant" for businesses, ensuring shelves are always stocked and operations run smoothly. Clarence Fernandez, head of B2B express at Ninja Van Malaysia, highlighted that the logistics market has been largely manual-driven. Ninja Van is working to digitize these processes , offering paperless solutions like a customer dashboar...