Latest news with #iGFMAS
The Sun
3 days ago
- Business
- The Sun
DNeX secures RM103.76m contract for Malaysia's financial backbone, iGFMAS
CYBERJAYA: Dagang NeXchange Bhd (DNeX), through subsidiary Innovation Associates Consulting Sdn Bhd, has secured a contract from the Ministry of Finance (MoF) to continue providing support for the Integrated Government Financial and Management System (iGFMAS), a key digital backbone of the country's public finance operations. Valued at RM103.76 million and spanning across 60 months, the contract covers the maintenance, support services, and application enhancement of iGFMAS, reaffirming DNeX's pivotal role in managing one of the country's most critical government financial systems. iGFMAS plays a central role in ensuring the efficient, secure, and transparent management of federal government finances. The system enables the preparation of the Federal Government Financial Statements based on modified cash and accrual accounting. According to DNeX's group CEO Faizal Sham Abu Mansor, the new contract underscores the group's full commitment to the government and the MoF's continued confidence in the group's technical expertise, proven delivery track record, and strategic role in national digital transformation. He said this will allow DNeX to build on its strong foundation and deepen its involvement in supporting the digital transformation of Malaysia's public sector. 'We are deeply honoured to continue our work on the iGFMAS, a system of national importance. This contract allows us to build on our existing foundation and further enhance the platform to meet the evolving financial governance needs of Malaysia. 'We are in complete alignment with the government's aspiration of having government services be agile in adapting to technology and digital means as a way to better serve the Malaysian public. 'This continued trust placed in us by the Ministry of Finance is a strong testament to our Group's commitment and capability,' he said in a statement. The latest award reinforces DNeX Group and DNeX IT's position as a trusted technology partner to the Malaysian government, with a track record of delivering mission-critical IT infrastructure and platforms. With a robust technical workforce of 400 professionals supported by 16 experts in emerging technologies focusing on Big Data Analytics and artificial intelligence (AI), DNeX IT is strategically positioned to leverage this momentum for global expansion. The group plans to expand its international footprint and venture into emerging technology spaces, including SAP S/4HANA, AI, Cybersecurity, and Mobile Application suites. Through the DNeX IT business segment, comprising Dagang Net Technologies Sdn Bhd, IAC, DNeX Solutions Sdn Bhd, and the joint venture unit Gamuda DNeX Cloud Sdn Bhd, DNeX Group offers an integrated suite of industry-leading solutions that support digitalisation across the public and private sectors. This new contract enhances income visibility while strengthening DNeX's position as a trusted provider of end-to-end digital solutions in support of Malaysia's long-term public sector digital transformation agenda.
New Straits Times
3 days ago
- Business
- New Straits Times
DNeX wins RM103.76mil job to support government's management system
KUALA LUMPUR: Dagang NeXchange Bhd's (DNeX) subsidiary Innovation Associates Consulting Sdn Bhd (IAC) has secured a contract from the Finance Ministry to continue supporting the integrated government financial and management system (iGFMAS) system. The contract, valued at RM103.76 million and spans over 60 months, covers the maintenance, support services and application enhancement of iGFMAS. iGFMAS plays a central role in ensuring the efficient, secure, and transparent management of federal government finances. The system enables the preparation of the federal government financial statements based on modified cash and accrual accounting. DNeX group chief executive officer Faizal Sham Abu Mansor said the contract underscores its full commitment to the government and the ministry's continued confidence in the group's technical expertise, proven delivery track record and strategic role in national digital transformation. This will allow DNeX to build on its strong foundation and deepen its involvement in supporting the digital transformation of Malaysia's public sector. "This contract allows us to build on our existing foundation and further enhance the platform to meet the evolving financial governance needs of Malaysia. "We are in full alignment with the government's aspiration of having government services to be agile in adapting to technology and digital means as a way to better serve the Malaysian public," he said in a statement. DNeX, through its IT segment, continues to support the Malaysian government with key digital infrastructure, backed by a team of 400 technical staff and 16 specialists in big data and artificial intelligence (AI). The group plans to expand globally and explore emerging technologies such as SAP S/4HANA, AI, cybersecurity and mobile apps. Its IT arm includes Dagang Net, IAC, DNeX Solutions and the joint venture Gamuda DNeX Cloud, providing integrated digital solutions for both public and private sectors. DNeX said the new contract enhances income visibility while strengthening its position as a trusted provider of end-to-end digital solutions in support of Malaysia's long-term public sector digital transformation agenda.
The Star
3 days ago
- Business
- The Star
DNeX wins RM104mil contract from MoF
PETALING JAYA: Dagang Nexchange Bhd (DNeX) has secured a contract from the Ministry of Finance Malaysia to continue providing support for the Integrated Government Financial and Management System (iGFMAS), worth RM103.76mil. In a filing with Bursa Malaysia, the technology company said the iGFMAS is a key digital backbone of the country's public finance operations. 'Spanning across 60 months, the contract covers the maintenance, support services, and application enhancement of iGFMAS, reaffirming DNeX's pivotal role in managing one of the country's most critical government financial systems.' DNeX said the iGFMAS plays a central role in ensuring the efficient, secure, and transparent management of federal government finances. 'The system enables the preparation of the Federal Government's financial statements based on modified cash and accrual accounting. 'This new contract enhances income visibility while strengthening DNeX's position as a trusted provider of end-to-end digital solutions in support of Malaysia's long-term public sector digital transformation agenda,' the company said. DNeX group chief executive officer Faizal Sham Abu Mansor said the new contract underscores the group's full commitment to the government and the ministry's continued confidence in the group's technical expertise, proven delivery track record, and strategic role in national digital transformation. He said this will allow DNeX to build on its strong foundation and deepen its involvement in supporting the digital transformation of Malaysia's public sector.
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
DNeX unit bags RM104m MoF contract for iGFMAS system support
DAGANG NeXchange Bhd (DNeX) said that its subsidiary, Innovation Associates Consulting Sdn Bhd (IAC), has secured a RM103.76 million contract from the Ministry of Finance (MoF) to provide maintenance and application support services for the iGFMAS system. In a filing with Bursa Malaysia, DNeX said IAC accepted the letter of acceptance on June 18, 2025. The contract spans a five-year period from the same date. The iGFMAS system, short for Integrated Government Financial and Management Accounting System, is a core platform used for federal government financial operations. DNeX said the project is expected to contribute positively to the group's earnings and net assets per share from the financial year ending Dec 31, 2025, onwards. The group also noted that none of its directors, major shareholders, or persons connected to them have any interest in the project. — TMR
Borneo Post
13-06-2025
- Business
- Borneo Post
eBantuanJKM officially rolled out in Sarawak to boost aid delivery
Nancy presents a basic necessities kit to a recipient during the event. – Photo by Chimon Upon KUCHING (June 13): The Welfare Department (JKM) has officially launched the implementation of its online Welfare Assistance Management System (eBantuanJKM) in Sarawak, aimed at enhancing the efficiency and integrity of federal financial aid delivery in the state. JKM director-general Datuk Che Murad Sayang Ramjan said the event was held to recognise the significant contributions of stakeholders involved in the system's rollout in Sarawak. 'This programme is intended to acknowledge those involved in the successful rollout of the eBantuanJKM system in Sarawak, particularly officers and staff from divisional and district welfare offices who manage federal welfare assistance,' he said. Che Murad also thanked the Accountant General's Department of Malaysia (JANM) for their role in integrating the federal government's financial and accounting system (iGFMAS) with eBantuanJKM. Recognition was also extended to the Federal Secretary for Sarawak and the Sarawak government for their support in facilitating implementation across the state. He emphasised that financial assistance remains a core service of JKM, helping targeted communities sustain a decent quality of life. 'There are currently 11 financial aid schemes under JKM and these include the Children Assistance (BKK), Elderly Assistance (BWE), and the Disabled Workers Allowance (EPOKU), the Assistance for Non-Working Persons with Disabilities (BTB), Care Assistance for Bedridden Disabled or Chronic Patients (BPT), and the Federal General Assistance (BA). 'Other schemes are the Foster Child Assistance (BAP), Apprentice Training Assistance (BLP), Launch Grant Assistance (GP), and Prosthetic or Support Equipment Assistance (BAT),' he said. As of 2024, a total of 550,416 individuals nationwide received assistance via JKM, with a combined allocation of RM2.33 billion. In Sarawak alone, 43,956 recipients have benefitted, with disbursements amounting to RM214.45 million. The eBantuanJKM system, first developed in 2006 and launched in 2007, features a centralised database to improve the monitoring and management of aid recipients at the federal level. It has enabled the elimination of manual payment vouchers, reduced the use of transit accounts, helped prevent misuse of funds, and ensured that all implementing offices comply with current financial regulations. Che Murad extended his appreciation to Women, Family and Community Development Minister Datuk Seri Nancy Shukri for officiating at the launch and to all agencies involved in supporting the efficient delivery of federal financial aid via the eBantuanJKM system. At the event, certificates of appreciation were presented to Sarawak JKM director Semawi Mohamad and to 12 other divisional welfare officers from across the state. In addition, basic necessities kits were distributed to 10 recipients from welfare offices in Kuching and Samarahan. Among those in attendance were the federal Ministry of Women, Family and Community Development secretary-general Datuk Dr Maziah Yusoff; state Ministry of Women, Early Childhood and Community Wellbeing Development permanent secretary Datu Felicia Tan; National Population and Family Development Board (LPPKN) Director-General Abdul Shukur Abdullah; and Yayasan Kebajikan Negara (YKN) chief executive officer Nordina Haron. aid delivery eBantuanJKM nancy shukri
