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UPS optimistic of export growth in Southeast Asia

UPS optimistic of export growth in Southeast Asia


United Parcel Service (UPS) is optimistic of the export growth in Malaysia and Southeast Asia on the back of a robust economic and trading environment within ASEAB, says its president for South Asia district, Michelle Ho. In the last quarter of 2018, the company saw an average export growth of 10 per cent, year-on-year, across Southeast Asia.

Meanwhile, UPS Singapore and Malaysia managing director, Lim Tze Hsien said UPS focused on three segments in Malaysia, namely high technology, industrial manufacturing and e-commerce. He added that Malaysia was experiencing an evolution, as SMEs, manufacturing and e-commerce took a more central role in driving growth.

The logistics company announced that it had implemented a raft of service and capacity enhancements in Malaysia to boost the country’s cross-border e-commerce. The initiatives included faster delivery and extended pick-up times for export shipments from Malacca to Europe and within Asia Pacific, and from Kuantan to the US, Europe and the Asia Pacific region.