KUALA LUMPUR, Dec 18 (Bernama) -- Export-Import Bank of Malaysia Berhad (“EXIM Bank”) has entered into a collaboration agreement with Dagang NeXchange Berhad (“DNeX”), through DNeX’s subsidiary company SEALNET Sdn Bhd (“SEALNET”), to offer its trade finance and insurance products and services online for the trade facilitation and logistics community.
 
Under the agreement, financial and insurance products and services provided by EXIM Bank will be integrated into the SEALNET portal, and is expected to go live by mid 2020.
 
The agreement was signed earlier today in Kuala Lumpur and witnessed by Deputy Minister, Ministry of International Trade and Industry, Yang Berhormat Dr Ong Kian Meng.
 
At the signing, EXIM Bank was represented by Chairman Dato’ Feizal Mustapha and President/Chief Executive Officer Dato’ Nazri Abdul Rahim, while DNeX was represented by  its Executive Director Dato’ Patrick Wong and Dato’ Haji Chik Omar Chik Lim, Chairman of SEALNET Sdn Bhd.
 
The SEALNET portal is a Web-based digital platform for total cargo and trade management services that connects exporters and importers with all relevant parties, such as freight forwarders and customs, and enables the exchange of trade data digitally. Targeted at businesses in the trade facilitation and logistics sector, SEALNET converges supply chain and cross-border logistics processes to simplify cargo and trade management systems and approaches.
 
On this game-changing alliance, Dato’ Nazri said: “The collaboration with DNeX is in line with efforts to meet our mandate in stimulating and enhancing the competitiveness of Malaysian industries for exports and investments globally via the provisioning of internationally and domestically competitive banking and insurance products and advisory services. The arrangement of finances and insurance will be streamlined through one single platform to better enable and empower cross-border businesses in a speedy manner.”
 
“We are pleased to be working with EXIM Bank to further advance growth of businesses in the trade facilitation and logistics sector. Leveraging on DNeX’s experience in trade facilitation, SEALNET was introduced to provide an integrated, Web-based business-to-business (“B2B”) solution that seamlessly connects domestic and international logistic communities. With this collaboration, we are now able to increase the efficiency of financing by reducing the processing cost and time, as well as offer our customers value-added services that will assist their businesses to grow,” said Dato’ Patrick Wong.
 
The event was also attended by senior officials of MITI, the Board members and senior management teams of EXIM Bank, DNeX and SEALNET.
  
About EXIM Bank of Malaysia Berhad
The Export-Import Bank of Malaysia Berhad (EXIM Bank) was incorporated on 29 August 1995 and is wholly-owned by the Government of Malaysia. The Bank has assisted a diverse range of Malaysian business in various sectors in their global ventures.  EXIM Bank takes pride in meeting its mandated role of stimulating and enhancing the competitiveness of Malaysian industries for exports and investments globally via the provisioning of internationally and domestically competitive banking and insurance products and advisory services. The Bank also offers Shariah-compliant financing and Takaful instruments. For more information, visit www.exim.com.my.
 
About Dagang NeXchange Berhad
Dagang NeXchange Berhad (“DNeX”) is a leading provider of award-winning eServices for Trade Facilitation and has a wealth of knowledge, expertise and operational know-how in the provisioning of eServices for Trade Facilitation, IT consultancy and cyber security. DNeX is also making its mark as a reputable player in the oil, gas and energy sector. The company is listed on the Main Market of Bursa Malaysia. For more information on the company, log on to www.dnex.com.my.

SOURCE : Export-Import Bank of Malaysia Berhad (EXIM Bank)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Azmin Hamzah
Head, Communications & Stakeholder
Management Department
Export-Import Bank of Malaysia Berhad
Tel: +603 2601 2371
Fax: +603 2601 2469
Email: azmin@exim.com.my
Website: www.exim.com.my

Name: Mohd Ronnee Osman
Manager, Communications & Stakeholder
Management Department
Export-Import Bank of Malaysia Berhad
Tel: +603 2601 2397
Fax: +603 2601 2469
Email: mronneeosman@exim.com.my
Website: www.exim.com.my

Media Contact for DNeX
Name: Sharifah Kasim Al Edrus
Head, Media & Investor Relations 
Dagang NeXchange Berhad
Tel: +603 8230 6900
Fax: +603 8230 6969/ +6013 342 1505
Email: sharifah.kasim@dagangnet.com

Name: Keow Mei-Lynn
Capital Front Investor Relations
Tel: +6 (012) 250 5575
Email: meilynn@capitalfront.biz

--BERNAMA