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The amount was announced by Minister of Transport and Infocommunications Yang Berhormat Dato Seri Setia Awang Abdul Mutalib bin Pehin Orang Kaya Seri Setia Dato Paduka Haji Mohd Yusof at the Legislative Council (LegCo) meeting yesterday.

The privatisation of state-owned entities continue to be a main priority for the Ministry of Transportation and Infocommunications (MTIC), with the corporatisation of the Postal Services Department set to be implemented this year.