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21 February 2023. Tuesday
KUALA LUMPUR (Feb 21): Dagang NeXchange Bhd (DNeX) will collaborate with national applied research and development (R&D) centre Mimos Bhd to explore opportunities to leverage the government’s strategic digitalisation projects and initiatives.
The pair inked a memorandum of understanding (MOU) for the partnership on Tuesday (Feb 21) to undertake government activities pertaining to the development of enhanced digital technology capabilities, software development, networking, system integration, consultation services, cloud computing and the fourth industrial revolution.
“In addition, the partnership can pave the way for both parties to partake in mega information technology (IT) projects, leveraging on each other’s capabilities and expertise, creating exceptional value and facilitating semi(-skilled) and skilled technology transfer,” DNeX said in a statement on Tuesday.
DNeX executive chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said the partnership will enable both parties to leverage each other’s technological know-hows to provide comprehensive solutions for various IT projects, including those in enhancing the government’s operations and delivery of services.
“This is in line with the government’s aspiration to reduce bureaucratic red tape, improve efficiencies, and address leakages and wastages issues while enhancing its revenues across all operations,” Syed Zainal added.
He added that the partnership aspires to serve as a springboard to accelerate the country’s digital transformation by capitalising on both parties’ breadth and depth of offerings and technologies.
Meanwhile, Mimos chairman Datuk Seri Ibrahim Ahmad said he believes the collaboration is very significant, as it allows the R&D centre to further broaden its reach in achieving its main goal of offering technology solutions to the industry, further developing local companies and talents, creating technopreneurs and jobs, and ultimately transforming Malaysia into a global player.
DNeX noted that it has a proven track record in delivering e-services to the government including for Malaysia’s National Single Window (NSW), integrated government financial and management system (iGFMAS), and Malaysia Hasil Integrated Taxation Systems (HITS).
At noon break on Tuesday, shares in DNeX were down one sen or 1.59% at 62 sen, giving the group a market capitalisation of RM1.96 billion.
Read also: DNeX’s 2Q net profit down 27% y-o-y on higher tax expenses Analysts lower target prices for DNeX after 2Q earnings miss
