Dagang NeXchange Berhad Annual Report 2018

90 Dagang NeXchange Berhad Annual Report 2018 Sustainability Report Relocation of DNeX Headquarters During the second quarter of 2018, DNeX relocated its headquarters in Bangsar South, Kuala Lumpur to Star Central, Cyberjaya. The relocation is part of DNeX’s long term strategy to increase operational performance and business profitability: • Space: With a built up area of 31,136 square feet, the new headquarters provided the space for renovation and fit-for-purpose design that will accommodate the needs of our workforce better. The new open plan layout fosters better working ties between employees and allows better flexibility of movement. • Strategic location: Cyberjaya is an emerging global technology hub and home to more than 800 companies, of which 40 are global and regional multinationals. Located just 30 minutes away from Kuala Lumpur, the new office is accessible via a network of highways and expressways such as MEX, SKVE, LDP, ELITE and Kajang Silk. • Client Servicing: One of our key businesses is ideating, engineering and delivering customised trade processing solutions to the Government. The relocation places DNeX in close proximity to the Government Administrative Centre in Putrajaya, and also home to some of our key clients and partners – giving us the advantageous opportunity to connect, collaborate and serve them faster and better. We took into account the higher cost of travelling expenses and hardship that may be incurred during work travel for some of our employees. To ease their financial burden, hardship allowances for qualified employees are disbursed for a management-specified period of time.