Dagang NeXchange Berhad Annual Report 2018

81 Annual Report 2018 Sustainability Report SUSTAINABILITY REPORT • DNeX signed an agreement to develop a Halal hub in the Philippines. Under the agreement, undertaken in cooperation with the Department of Education Division of Naga City and the Local Government of Naga City of the Philippines, DNeX will be given the opportunity to implement overall initiatives for the Halal hub including the development of its blueprint, systems and framework for the Halal hub. (30 Jun 2018) • DNeX was awarded ICT hardware equipment and facilities subcontract for teaching hospital (14 Aug 2018) • DNex was awarded USD6.3 million marine cable installation project for Telkom Infra in Indonesia. (28 Aug 2018) • DNeX, through subsidiary DNeX Telco Services Sdn. Bhd., was awarded two contracts for marine fibre optic cable repair worth a total of USD2.8 million by PT Bina Nusantara Perkasa. The first contract, worth about USD1.4 million, is for repair works of SEA-US cable System in Davao, Philippines. Also worth about USD1.4 million, the second contract is for repair works of Indonesia Global Gateway (“IGG”) Segment off Palu, Makassar and Segment 15 off Manado, Indonesia. (28 Aug 2018) • DNeX’s associate company Ping completed its drilling works of the GUA-P2 side-track (“P2-ST”) oil well in Guillemot A field of the Anasuria Cluster in the UK Central North Sea. The P2-ST well can achieve a gross production rate of 4,750 barrels of oils per day, and is also targeting untapped volumes of oil in the Forties reservoir. (3 Sep 2018) • DNeX was awarded a contract for the provision of solid expandable tubulars from HESS Exploration and Production Malaysia BV. The contract is for a period of one year with another year renewal option, and meant to service HESS’ North Malay Basin project. The contract is for on call basis, and it has an estimated total contract value of up to USD5 million. (23 Oct 2018) • DNeX, through its newly acquired subsidiary company, IAC, has been awarded an information and communication technology maintenance project worth RM59.4 million from Accountant General’s Department Malaysia. The project, named “Perkhidmatan Penyenggaraan Perkakasan, Peralatan Rangkaian dan Perisian iGFMAS”, is for a period of one year, starting from 10 Aug 2018 to 9 Aug 2019. (26 Oct 2018) STRENGTHEN BUSINESS PLATFORMS New Contracts • After serving the nation for 25 years, Dagang Net introduced a new visual identity to reflect its dynamic community and the values it stands for – innovation and pushing the boundaries. Extending its reach beyond the trade and facilitation landscape, Dagang Net now serves customers within various verticals including clients from top tier financial institutions, regional telecommunication providers, transportation agencies, Halal service providers and many more. (6 Dec 2018) • Dagang Net launched AIIVA , a web-based Halal Logistics Management System. AIIVA is aimed to secure Halal integrity in the flow and storage of goods, services and related components from the point of origin to consumption. (5 Apr 2018) • DNeX and Asia-Pacific Model E-Port Network (“APMEN”) have officially launched and made SmartFTAX, a one-stop Free Trade Agreement (“FTA”) service live. The service is now operational for users in Malaysia and China. The primary aim of this service is to provide support for small and medium enterprises (“SMEs”) in Malaysia and China especially for businesses in the Trade Facilitation and logistics sector. With this one-stop service, businesses will benefit from greater cross border trade efficiency and cost savings as it allows them to check and compare FTA tariff rates from various countries, while also enabling them to check the rules of origins, document requirements, latest policies and calculate tariff savings on one single platform. (6 Nov 2018) • DNeX, through subsidiary Dagang Net, launched a new service for cargo clearance via air mode. Called Pre Alert Manifest , the service can facilitate efficient trade documentation processing and cargo movement into the country. Pre Alert Manifest is a fully integrated solution with an automated platform processing of common assessments and validation criteria to expedite cargo processing and clearance. (24 Jan 2018) • While it has been an exciting 10 years for DNeX in Bangsar South, the Management decided to relocate the company’s headquarters to Cyberjaya. The decision was made as a long term strategy to increase operational performance and business profitability, and converting operational expenses to assets. (20 Aug 2018) DRIVE INNOVATION & BUSINESS EFFICIENCY New Strategies & Products