Dagang NeXchange Berhad (“DNeX”) expects a positive outlook ahead for its business as the Group ramps up efforts to participate in digitalisation transformation initiatives in the country and the region.

Speaking at the Group’s first fully virtual Annual General Meeting (“AGM”) on 29 June 2020, Tan Sri Abd Rahman Mamat, Independent Non-Executive Chairman of DNeX said that despite many uncertainties globally arising from the economic slowdown due to factors such as the US-China trade war and Covid-19 pandemic, many opportunities have also emerged. With the world's attention now preparing for a “new normal” resulting from restricted mobility, more businesses and governments are embarking on digital transformation and increasing technology budgets.

Rising demand for digitalisation bodes well for DNeX as the Group can provide end-to-end innovative services that allows connection and collaboration among governments, businesses and consumers leveraging on such technologies as blockchain, artificial intelligence, big data analytics and radio frequency identification.

The Group remains committed to strengthen its market position as a dynamic and vibrant organisation in the rapidly changing technology sector. More specifically, having accumulated a strong track record in the Trade Facilitation sector, the Group has a competitive edge in making further headway in transforming digitalisation of trade processes.