Latest news with #DagangNexchangeBhd
The Star
3 hours ago
- Business
- The Star
DNeX wins RM104mil contract from MoF
PETALING JAYA: Dagang Nexchange Bhd (DNeX) has secured a contract from the Ministry of Finance Malaysia to continue providing support for the Integrated Government Financial and Management System (iGFMAS), worth RM103.76mil. In a filing with Bursa Malaysia, the technology company said the iGFMAS is a key digital backbone of the country's public finance operations. 'Spanning across 60 months, the contract covers the maintenance, support services, and application enhancement of iGFMAS, reaffirming DNeX's pivotal role in managing one of the country's most critical government financial systems.' DNeX said the iGFMAS plays a central role in ensuring the efficient, secure, and transparent management of federal government finances. 'The system enables the preparation of the Federal Government's financial statements based on modified cash and accrual accounting. 'This new contract enhances income visibility while strengthening DNeX's position as a trusted provider of end-to-end digital solutions in support of Malaysia's long-term public sector digital transformation agenda,' the company said. DNeX group chief executive officer Faizal Sham Abu Mansor said the new contract underscores the group's full commitment to the government and the ministry's continued confidence in the group's technical expertise, proven delivery track record, and strategic role in national digital transformation. He said this will allow DNeX to build on its strong foundation and deepen its involvement in supporting the digital transformation of Malaysia's public sector.
The Star
13-05-2025
- Business
- The Star
DNeX secures US$1.8mil contracts, supporting hajj pilgrimage experiences
KUALA LUMPUR: Dagang Nexchange Bhd (DNeX), via its subsidiary Dagang Net Technologies Sdn Bhd, has secured contracts worth US$1.8 million to provide site facilitation and supply of technical and technological equipment at six international sites in Malaysia, Indonesia, and Turkiye. These contracts were secured via its involvement in Saudi Arabia's Makkah Route initiative for 2025, supporting a seamless hajj pilgrimage experience for muslims worldwide, it said in a statement. "The six sites involved are KLIA Terminal 1 (Malaysia), Soekarno-Hatta International Airport (Jakarta, Indonesia), Juanda International Airport (Surabaya, Indonesia), Adi Soemarmo Airport (Solo, Indonesia), Istanbul Airport (Istanbul, Turkiye) and Ankara Esenboga Airport (Ankara, Turkiye),' said the company. DNeX's group chief executive officer Faizal Sham Abu Mansor said that securing the same six sites for 2025 is a testament to the trust placed by Saudi Arabia in the company's capabilities and commitment. "Our ongoing collaboration with authorities in Malaysia, Indonesia, and Turkiye also reflects our dedication to operational excellence in international partnerships,' he said. According to the statement, the Makkah Route Initiative is spearheaded by Saudi Arabia's Ministry of Interior, in collaboration with several other government entities, with DNeX having been involved in the project since 2019. This initiative continues under the commission of Elm Company, a Saudi government-owned entity under the Public Investment Fund, the investment arm of the Saudi Ministry of Finance. Moving forward, DNeX is optimistic about securing additional sites in the next hajj season, after securing six of the 11 global Makkah Route sites this year. "The company also plans to deepen its collaboration with Elm Company, exploring opportunities in transportation and security, in line with its strategy to expand involvement in international government technology and infrastructure projects,' it added. - Bernama
