Welcome to the third issue of DagangNetPOST for the year.

In a bid to drive the country's economic recovery via digitalisation of businesses, the Government has recently announced several measures including the establishment of the Penjana Nasional Fund, with an allocation totalling RM1.2 billion.

Moreover, additional efforts will be put in place to further encourage the digitalisation of the Government service delivery system.

These are just some key examples of digitalisation transformation initiatives taking place in the country and similar trend can be seen in the region as well.

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 such companies as Dagang Net as the company 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.

More specifically, having accumulated a strong track record in the Trade Facilitation sector, the company has a competitive edge in making further headway in transforming digitalisation of trade processes.

There is tremendous potential for us to leverage on our in-house talent and established track record to develop innovative solutions and flexible market-leading capabilities that can respond quickly to meet the technology needs of today's demands.

In trade for example, digitalised logistics and trade facilitation allow businesses to respond swiftly and mitigate limitations arising from increased mobility restrictions and social distancing. We believe smart logistics and trade facilitation ecosystem are much needed to ensure seamless trade, especially when the e-commerce industries are growing rapidly in the current situation.

For Dagang Net, we will continue to step up efforts to help customers embrace digitalisation and we are committed to being part of customers' journey in digitalisation in which ever segment of the Trade Facilitation value chain you are in.

We are pleased to welcome Dato' Sri Syed Zainal Abidin Syed Mohamed Tahir as Chairman of Dagang Net, and Encik Mohd Azhar Mohd Yusof, currently Acting Group Managing Director of Dagang NeXchange Berhad (“DNeX”), as a member of Dagang Net’s Board of Directors with effect from 30 July 2020.

We believe Dato’ Sri Syed Zainal and Encik Mohd Azhar will be able to offer valuable guidance to Dagang Net to take the company to greater heights while staying true to its vision, mission and core values.

For more information and updates on the company, kindly visit www.dagangnet.com or our parent company at www.dnex.com.my or follow DNeX Malaysia on Facebook, LinkedIn, Instagram and YouTube.

We hope you find this issue useful.