14/05/2025

BIZ & FINANCE WEDNESDAY | MAY 14, 2025

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DNeX secures Makkah Route contracts for 2025

FSBM rolls out RM28,888 MES Lite smart factory starter package KUALA LUMPUR: FSBM Holdings Bhd (FHB) through its wholly owned subsidiary FSBM MES Elite Sdn Bhd announced its RM28,888 MES (manufacturing execution system) Lite – the company’s smart factory starter package, designed to accelerate digital transformation for Malaysian manufacturers. This unique initiative, with an actual value of RM120,000 empowers businesses, particularly SMEs, to swiftly adopt digital manufacturing practices, boosting their competitiveness in an increasingly digital global marketplace. In alignment with the Madani government’s initiative to transform Malaysia’s manufacturing sector through digitalisation, FSBM MES Elite has successfully harnessed AI-driven processes to significantly accelerate the deployment of a Lite version of the MES solution for entry-level implementation. This initiative recognises Malaysian manufacturers’ current challenging business landscape and provides an affordable and impactful entry point towards Industry 4.0 transformation. FSBM managing director Pang Kiew Kun ( pix ) said the company’s smart factory starter package is more than an attractive offer. “It is our commitment to helping Malaysian manufacturers stay relevant and competitive in the Industry 4.0 era. “By providing affordable access to advanced digital solutions, we are enabling local SMEs to achieve immediate improvements in productivity and profitability,“ he said. FSBM MES Elite’s innovative offer includes MES solutions to streamline production, enhance quality control, and optimise operational efficiency. The package features comprehensive digitalisation services, ensuring seamless transition and minimal disruption to ongoing operations. It addresses common pain points such as productivity bottlenecks, data inaccuracies, and operational inefficiencies experienced by traditional manufacturers. FSBM MES Elite’s solution has demonstrated remarkable success in various industrial sectors, significantly enhancing clients’ operational performance. Notably, businesses that implemented MES Elite’s systems experienced a 30% increase in production efficiency and a 25% reduction in equipment downtime. Additionally, digitising workflows and warehouse management processes subs tantially decreased human error and improved quality assurance. The RM28,888 package offers an easy entry point into advanced digital manufacturing, giving companies an immediate competitive advantage without significant upfront costs or prolonged implementation periods. “We believe the future of Malaysian manufacturing hinges upon how swiftly companies can integrate

Route Initiative is spearheaded by Saudi Arabia’s Interior Ministry, in colla boration with several other government entities. This initiative is a key component of the Pilgrim Experience Program, which aligns with Saudi Vision 2030

partnerships,” he said. The six sites involved are KUL-KLIA Terminal 1 (Malaysia), CGK–Soekarno–Hatta International Airport (Jakarta, Indonesia), SUB-Juanda International Airport (Surabaya, Indonesia), SOC-Adi Soemarmo Airport (Solo, Indonesia), IST-Istanbul Airport (Istanbul, Türkiye) and ESB Ankara Esenbo a Airport (Ankara, Türkiye). This initiative continues under the commission of Elm Company, a Saudi government-owned entity under the Public Investment Fund, the investment arm of the Saudi Finance Ministry. The company is a pivotal

“We are maintaining our KLCI target of 1,657 points, with a review planned following the first quarter of 2025 earnings season. “We continue to prefer domestic-oriented companies with stable dividend yields, particularly in the banking, telecommunications, utilities, construction and healthcare sectors to provide shelter from tariff related headwinds,“ it said in a note. The securities house said Malaysian banks could benefit from the development, given their liquidity and role as direct proxies for the domestic economy. Public Bank, RHB Bank and Alliance Bank Malaysia (ABMB) are its top picks for the banking sector. The plantation sector may also benefit from stronger global edible oil demand and higher crude oil prices if the economy improves, with IOI Corporation as its top pick. CIMB Securities said easing trade tensions could support global semiconductor demand as Malaysian technology players continue to retain a competitive edge, because the temporary fall in US tariffs on Chinese goods remains higher than those imposed on Malaysian goods. Additionally, it believes Malaysian glove manufacturers will continue to enjoy a cost advantage, as the US tariff on Malaysian imports remains at 10% compared with the 30% imposed on Chinese imports. CIMB Securities has chosen Inari Amertron and MPI Tech for the technology sector; top picks among glove makers are Kossan and CYBERJAYA: Dagang NeXchange Bhd (DNeX), through wholly owned subsidiary Dagang Net Technologies Sdn Bhd secured contracts with a cumulative value of US$1.8 million (RM7.7 million). The contracts involve providing site facilitation and supplying technical and technological equipment across six international locations in Malaysia, Indonesia, and Turkiye. This reaffirms the company’s strategic role in facilitating the seamless hajj pilgrimage experience for Muslims worldwide, as the company continues its involvement in Saudi Arabia’s Makkah Route initiative for 2025. DNeX’s group CEO Faizal Sham Abu Mansor ( pix ) said the company is honoured to continue contributing to this journey and facilitating the hajj pilgrimage through the initiative. “Securing the same six sites for 2025 is a testament to the trust placed by Saudi Arabia in our capabilities and commitment. “Our ongoing collaboration with authorities in Malaysia, Indonesia, and Turkiye also reflects our dedication to operational excellence in international o Deals worth total of US$1.8 million testament to Saudi Arabia’s trust in company’s capabilities and commitment, says CEO

and expedites immigration pre clearance for pilgrims departing from selected countries. This eases their arrival in Saudi Arabia and enables direct transit to accommodation in Makkah and Madinah. Having secured six of the 11 global Makkah Route sites this year, DNeX is optimistic about securing

additional sites in the next hajj season. T h e company also plans to deepen its colla-boration with Elm

digital solutions provider in Saudi Arabia and has been instrumental in supporting the Kingdom’s digital transformation initiatives, particularly in enhancing services related to hajj and umrah. Leveraging the company’s suc

Company and e x p l o r e opportunities in transportation and security. This is in line with its strategy to expand its involvement in international government tech nology and infra structure projects.

cessful track re cord, full im plementation for 2025 is actively progressing. DNeX has been involved in the Makkah Route project since 2019. The Makkah

US-China tariff easing seen as boost for Malaysian stocks KUALA LUMPUR: The US-China agreement to temporarily reduce tariff is broadly positive for the local equity market, as it reduces the risk of a US and global recession, and leads to higher net foreign inflows, said CIMB Securities Sdn Bhd.

digital technologies into their production lines,” Pang said. “Our mission with this package is to make advanced manufacturing tech accessi ble to all manufacturers and position Malaysia as a

Easing trade tensions may boost chip demand, with Malaysian tech firms gaining from lower US tariffs compared to China. – UNSPLASH PIX

smart manufacturing hub in Southeast Asia.” FSBM MES Elite encourages manu facturers to seize the unique opportu nity and initiate their journey to wards digital ex cellence.

in the ongoing trade war between the world’s two largest economies. Under the agreement negotiated in Geneva over the past weekend, the US will reduce additional tariffs on Chinese goods to 30% from 145%, while China will cut tariffs on US imports to 10% from 125%. China also announced that it will cancel or suspend certain non-tariff measures previously imposed on the US. – Bernama

Supermax. “We are removing SD Guthrie from our top picks list following a recent rating downgrade. Our updated top picks are CelcomDigi, Gamuda, Public Bank, Farm Fresh, RHB Bank, Tenaga Nasional, IHH Healthcare and 99 SpeedMart,“ it said. It was reported that the US and China have agreed to lower tariffs on each other’s products for the next 90 days, signalling a de-escalation