Dagang NeXchange Berhad Annual Report 2019

annual report 2019 85 • DNeX was awarded contract by Johor Port Berhad to design, supply, deliver, test and commission four units of marine loading arms to the port. The contract is valued at RM7.5 million (15 May 2019) • DNeX, through indirect subsidiary company Innovation Associates Sdn. Bhd., has launched a cloud-based accounting system developed on the Standard Accounting System for Government Agencies (“SAGA”) (27 June 2019) • DNeX, through OGPC Sdn. Bhd., won a contract worth RM11.8 million from PETRONAS Dagangan Bhd for the supply, installation, testing, commissioning and maintenance automatic tank gauging for some 200 PETRONAS stations worldwide (17 July 2019). • Wholly owned subsidiary Dagang Net received a 2-year contract extension for National Single Window for Trade Facilitation. The contract extension is for a period of two years commencing from 1 September 2019 until 31 August 2021 (24 July 2019). • Received contract extension from Accountant General’s Department Malaysia for an information and communication technology maintenance project through subsidiary company Innovation Associates Consulting Sdn. Bhd. Under the contract, IAC will be responsible for maintenance of hardware, software and network equipment of the integrated Government Financial and Management System (“iGFMAS”), an accrual accounting shared services implementation (2 October 2019). • Awarded a contract to re-engineer the tax self-assessment system by the Inland Revenue Board of Malaysia in a contract worth RM42.75 million through subsidiary company Innovation Associates Consulting Sdn. Bhd. (19 November 2019) STRENGTHEN BUSINESS PLATFORMS New Contracts • Dagang Net Technologies Sdn. Bhd. launched a new eService for cargo clearance via air mode called Pre-Alert Manifest. The eService can facilitate efficient trade documentation processing and cargo movement meant for small imported goods comprising parcels, documents and letters with a total cost, insurance and freight value not exceeding RM500 per consignment, into Malaysia (24 January 2019). • DNeX, through Dagang Net Technologies Sdn. Bhd. signed a collaborative agreement with LuxTag Sdn. Bhd. to offer eServices based on blockchain technology. Under the agreement, both companies will be developing eServices leveraging on blockchain and digital ledger technology for managing digital assets or digital files that contain such content as text, images and multimedia. This venture forms part of the company’s Dagang Net Digital Platform initiative to provide end-to-end, innovative services to empower customers and reinforces business efficiency in the user community (27 February). • DNeX has signed a Memorandum of Agreement with four universities in Indonesia to implement Dagang Net eSCroll, a blockchain-powered Web application for employers, graduates, universities and training providers to authenticate academic and training certificates. Under the agreement, these universities will be issuing their graduation certificates embedded with Dagang Net eScroll (18 November 2019). • Export-Import Bank of Malaysia Berhad entered into a collaboration agreement with DNEX, through subsidiary company SealNet Sdn. Bhd., to offer its trade finance and insurance products and services online for the trade facilitation and logistics community. Under the agreement, financial and insurance products and services provided by EXIM Bank will be integrated into the SealNet portal and is expected to go live by mid-2020 (18 December 2019). • DNeX entered into an agreement with renowned cyber security solutions provider EC-Council International Ltd to offer comprehensive cyber security services to large enterprises in Malaysia. Under the agreement, EC-Council Global Services Sdn. Bhd. (“EGS”) will acquire 100% of DNeX Technology Sdn. Bhd., which operates a security Operations Center for major institutions in Malaysia, and conversely, DNeX will acquire a 15% stake in EGS, which offers comprehensive cyber security training, technology and professional services in Malaysia (23 December 2019). DRIVE INNOVATION & BUSINESS EFFICIENCY New Strategies & Products SUSTAINABILITY REPORT