Cyberjaya, 18 June 2025 – Dagang NeXchange Berhad (“DNeX”), through subsidiary Innovation Associates Consulting Sdn Bhd (“IAC”), has secured a contract from the Ministry of Finance Malaysia 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 Chief Executive Officer Faizal Sham Abu Mansor, 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.
“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 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. This continued trust placed in us by the Ministry of Finance is a strong testament to our Group’s commitment and capability,” he added.
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 broaden its footprint internationally and venture into emerging technology spaces, including SAP S/4HANA, AI, Cybersecurity, and Mobile Application suites.
Through DNeX IT business segment, comprising Dagang Net Technologies Sdn Bhd (“Dagang Net”), IAC, DNeX Solutions Sdn Bhd (“DNeX Solutions”) and the joint venture unit Gamuda DNeX Cloud Sdn Bhd, DNeX Group offers an integrated suite of industry-leading solutions supporting digitalisation across 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.
Offerings of DNeX IT include:
- LB2G and B2B
We specialise in providing eServices for Business-to-Government (“B2G”) and Business-to-Business (“B2B”) segment, with domain expertise in trade facilitation. - Enterprise Resource Planning (“ERP”)
We provide powerful and latest in innovation ERP tools, including solutions from our strategic partners like SAP, designed to drive operational efficiency and accelerate business growth. - Air-Gapped GDC Services
We offer novel air-gapped Google Distributed Cloud (“GDC”) Services, a sovereign cloud solution that offers customers the highest regulatory requirements, access to Google Cloud’s leading artificial Intelligence (“AI”) and cloud technologies in a secure, fully isolated, on-premise environment. - IT Project Management and Infrastructure Consulting
We offer comprehensive supply management, covering everything from procurement and delivery to installation, testing, and commissioning of IT hardware and solutions, ensuring seamless integration and flawless execution every step of the way. - AI-Driven Technology
Clients can harness the potential of AI to enhance operational efficiency, improve decision making, and streamline processes with our state-of-the art AI solutions.