The Public Accounts Committee (PAC) will soon table its report on the alleged losses suffered by Pos Malaysia, PAC chairperson Azmi Khalid said.

"We have listened to the explanation given by Khazanah Nasional and today we called in former Pos Malaysia chairperson Adam Kadir to give his account on the issue.

"We are studying the findings and should be able to table the report during the current Dewan Rakyat sitting," he told reporters after meeting the former Pos Malaysia chief today.

Adam had recently revealed that Pos Malaysia, a government-linked company, suffered losses to the tune of RM546 million.

He also wrote in the Sunday Star newspaper that the government investment arm, Khazanah Nasional Berhad, as the Pos Malaysia's main shareholder, had not provided the true picture of the company's losses.

Azmi: No losses

Azmi said the committee would also call in the Finance Ministry to seek clarification over the issue.

"We will get written answers from both sides. We will be asking a few more questions to Khazanah after listening to Tan Sri Adam today, also a few questions to the Ministry of Finance," he said.

Azmi also said that Pos Malaysia did not suffer losses.

"If there are losses, it could be due to the drop in the Transmile shares to 14 sen (in 2007). Now the price is 39 sen. Pos Malaysia has 15 percent stake in Transmile," he said.

Meanwhile, Adam said he had said what need to be said to the PAC today.

"It's up to the PAC. I have my own information and I have shown it to them," he said.

Postal rates go up

Meanwhile, Pos Malaysia's new tariffs will take effect beginning tomorrow. 

Corporate communications manager Maisara Noor Ahmad said the tariff for standard mail for domestic destinations will be from 60 sen to 70 sen for mail weighing between 20 and 50 grammes.

For non-standard mail, it will be between 80 sen and RM5.50 for envelopes weighing from 50 grammes to 2kg.

The tariffs for post cards is 30 sen while for printed material, the rates

are from 50 sen to 90 sen (for envelopes weighing between 20 grammes and 250 grammes, she said in a statement here today.

- Bernama