HeiTech Padu Bhd will be teaming up with Indonesian company PT Kirana Investama Nusantara (PT KIN) to set up a joint venture company in Indonesia to explore business opportunities there, including the development and deployment of a syariah compliance cooperative system.
In a stock exchange filing today, the company said the cooperative system or Baitulmal Wat Tamwil, will earn revenue on a transactional basis.
IIS (SKIN) project is definitely high on Moohideen's priority list because the current immigration system sucks big time! The Home Ministry is confidentially cognizant that HTPadu is well positioned & ahead of the pack to clinch the contract :)
The Home Ministry is concerned over the high number of tourists from China and India who have overstayed in the country, as stated in the 2018 Auditor-General's Report Series 2 released on Monday (Dec 2).
The audit report said there was no record of exit dates for more than 95% of Chinese and Indian tourists who visited the country between 2016 and last year.
According to the report, during that period, out of 79,799 Chinese tourist arrivals, it was found that 76,258 have no record of exit dates from the country.
* NEXT MASSIVE PROJECT - The lucrative JV partnership with the Indon counterpart to adopt a cashless culture for its massive Cooperatives members (estimated to be 137.5m)!
* More importantly, the yoyo trade war will have minimal bearing on HTPadu's projects for they are mainly recession proof. No more sleepless nights in anticipation of Trump's whimsical tweets...zzzZZZ
HTPADU was and is well ahead on capacity to develop the SKIN n that was probably the reason PRESBHD award got cancelled.... no exit record? st, either smuggled to other counties, or got mykad.. where else..ay tuned...
This has to be Muhyiddin's pet project. He won't be contented with just the Home Minister post without any juicy perks. Think again, why should he give IIS/SKIN to Dsonic, Scicom, etc when HTPadu can be so easily handled. Anyway, my 2sen worth :)
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azta12
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Posted by azta12 > 2019-12-02 11:30 | Report Abuse
burrp...