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Pos Malaysia submits proposal for fuel subsidy rationalisation

KUALA LUMPUR: Pos Malaysia Bhd has submitted the request for proposal to the government to manage the national fuel subsidy rationalisation programme, said Group chief executive officer Datuk Iskandar Mizal Mahmood.

Speaking to reporters today, he said the company remained hopeful of being selected for the contract.

"We are awaiting the answer from the government. They are evaluating it right now," Iskandar told reporters after the launch of Pos Malaysia's latest online service portfolio, EziPoz, today.

He, however, declined to provide further details on the proposal.

"We are hoping that the government will come back to us sooner. I can't comment further on the proposal because of the confidentiality agreement that we have with the Malaysian government and the consortium partners," he said.

Pos Malaysia and Datasonic Group Bhd have joined forces to bid for the concession to manage the government's fuel subsidy rationalisation programme.

The Pos Malaysia-Datasonic joint venture and Fuelsubs House Sdn Bhd are among seven parties that have submitted proposals to the government to plug the loopholes in the current subsidised fuel distribution system.-- Bernama

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