DNeX unit gets RM17.4mil penalty proposal from MyCC


One of Dagang net products: The 'ePermit' paperless system developed by Dagang Net Technologies Sdn Bhd simplifies the process of applying for permits by linking importers, exporters, OGA (other government agencies), forwarding agents and Malaysian Royal Customs (KDRM) electronically.(Filepic 2011)

PETALING JAYA: The Malaysia Competition Commission (MyCC) has proposed a RM17.4mil penalty on Dagang Net Technologies Sdn Bhd for allegedly abusing its position as a monopoly in the provision of trade facilitation services under the National Single Window.

Dagang Net is a wholly owned subsidiary of Dagang Nexchange Bhd (DNeX).

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

MClean Technologies raises RM13.2mil through private placement
IGB-REIT sees RM264mil revaluation surplus
Bursa Malaysia tumbles as over 800 stocks end in the red
Tariffied? Markets feeling the most pinch from Trump tariff risks
Asia FX knocked by dollar's strength on healthy US data
Oil rises on tighter OPEC supply, US jobs data
Gold inches lower as US yields, dollar rise on strong data
Bank Negara international reserves fall to US$116.2bil
Lim Seong Hai, Fibromat secure approval for listing transfer to ACE Market
Asian stocks slip, dollar boosted by US rate outlook

Others Also Read