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FOR IMMEDIATE RELEASE Key Alliance Collaborates with Bina puri Holdings on Digital Construction Based Platforms Petaling Jaya, 29 April 2020 - Progenet Innovations Sdn Bhd today signed a collaboration agreement with Bina Puri Holdings Bhd to work together in the exploration of developing Building Information Systems (BIS) platforms to cater for the construction industry as it begins to embrace digitisation.
BIS is widely utilised across the globe to assist construction companies in reducing costs as well as increasing efficiency, productivity and accountability. Malaysia is currently lagging behind in its utilisation, and the need for it is glaring especially in preparation for resumption of work, post Movement Control Order (MCO). "The low hanging fruit is focusing on the resources required to manage human capital, especially in construction sites. With technology, sensors and the right Internet of Things (IoT) platforms, construction companies can improve their foreign worker tracking, crowd control, work order scheduling and logistics," said Managing Director Roy Ho.
Progenet, with the technical expertise of Binapuri's team, will look to integrate its suite of cloud computing solutions, IoT solutions and ERP solutions to achieve a viable BIS business model proposition to go to market.
The driver for this collaboration is to take BIS in Malaysia to a new level, to digitally manage the entire construction process from design, workforce management and project life cycle tracking, providing dynamic visibility to all stakeholders. "Especially in the environment where less contact is required, automation must replace human capital and all industries will begin to look at this as a means to reduce costs and increase efficiencies", he added.
KUALA LUMPUR (April 29): NetX Holdings Bhd, whose shares were the most actively traded on Bursa Malaysia today, is teaming up with Australian financial services provider Finexia Securities Ltd to introduce, promote and operate a point-to-point currency exchange digital platform that NetX developed, which comes with an in-built e-wallet function, in Australia.
The group's wholly-owned E-FX Sdn Bhd has inked a two-year collaboration agreement with Finexia Securities for the collaboration, according to NetX in a stock exchange filing.
Under the agreement that commences today, Finexia Securities will have the exclusive right to use and operate the E-FX platform in Australia. In return, it will have to generate a minimum revenue of A$4 million (some RM11.32 million) over the next two years, A$1 million in the first year and A$3 million in the second year.
Any profits generated from the spread of forex, remittance, investment and balance floats of the E-FX platform will be split on a 50-50 basis between E-FX and Finexia Securities.
The initial rollout and market testing of the E-FX platform will be carried out in Malaysia and Australia. Towards this end, NetX's partnership with Finexia Securities will allow NetX to penetrate into the Australian markets under the steady hand of Finexia Securities, "who specialises in the equity capital markets and possesses ample experience in dealing with the Australian authorities", NetX said.
"Finexia Securities will be responsible to secure as soon as possible the fintech regulatory sandbox licence from the Australian Securities and Investment Commission for the initial real market testing of the E-FX platform in Australia," NetX added.
The idea behind the platform is to eliminate travellers’ needs to visit the traditional brick-and-mortar currency exchange dealers, and the frustration that usually entails, said NetX executive director Steve Tan.
It is also to take away worries about personal safety from carrying around huge amounts of cash, as well as address the issue of having to deal with small foreign notes that dealers refuse to accept after a vacation abroad. "The last issue was what prompted us to incorporate an e-wallet function into the E-FX platform in the first place," Tan said.
NetX shares closed 50% or half a sen higher at 1.5 sen per share today, valuing it at some RM67.69 million, after 146.65 million shares exchanged hands.
Key Alliance will provide cloud computing solutions & data storage, track space management, crowd control and employees. This as a means of integrating its current solutions with a layer of COVID-19 management and post-MCO business deployment, all digitised and managed with cloud computing.
Good News 2 Key Alliance Collaborates with Bina puri Holdings on Digital Construction Based Platforms Petaling Jaya, 29 April 2020 - Progenet Innovations Sdn Bhd today signed a collaboration agreement with Bina Puri Holdings Bhd to work together in the exploration of developing Building Information Systems (BIS) platforms to cater for the construction industry as it begins to embrace digitisation.
BIS is widely utilised across the globe to assist construction companies in reducing costs as well as increasing efficiency, productivity and accountability. With technology, sensors and the right Internet of Things (IoT) platforms, construction companies can improve their foreign worker tracking, crowd control, work order scheduling and logistics. This collaboration is to take BIS in Malaysia to a new level, to digitally manage the entire construction process from design, workforce management and project life cycle tracking, providing dynamic visibility to all stakeholders.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Undilah_DAP
415 posts
Posted by Undilah_DAP > 2020-04-29 09:56 | Report Abuse
Govn backdoor how to expect good answer?
Daily8 why Kgroup move so much ?
29/04/2020 8:39 AM