Postmarked for failure?
Six years of red ink, one corporate structure, and zero coherent reform.
Three stories today: A look at beleaguered national courier Pos Malaysia; a chart on the recent slew of MoUs signed between Malaysia and China; and YTL Communications’ overlapping fibre deal, including the emergence of a powerful shareholder in the firm.
And in case you missed Friday’s scoop 👇🏽
You’re reading a paid version of The Malaysianist, a newsletter on money and power by writer and journalist Emmanuel Samarathisa.
I run monthly and annual subscriptions. There’s also the atas or founding member tier where you get all the perks of an annual subscription and more, such as an annual or founder’s report and insight into how this little corner of the internet fared throughout the year.
Group subscriptions are on the table, if you’re mulling over purchases for your organisation or for family members.
Charles Brewer is in hot water. The Pos Malaysia chief executive sparked public backlash after making a dismissive remark to a staffer who complained about his torn uniform.
A screengrab of the exchange went viral, casting Brewer as callous and out of touch.
The company scrambled to contain the damage. Brewer apologised. But the damage was done.
The PR gaffe aside, Brewer has been in the spotlight for a while now as Pos Malaysia is under: the national courier has been bleeding red ink for six straight years.
To be sure, Brewer joined Pos Malaysia in 2021, when the national courier was already declining.