DynaFront wins discovery contract for Indonesian insurer’s system replacement
The initial assessment is expected to take about five months, while implementation and data migration remain uncontracted.
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The initial assessment is expected to take about five months, while implementation and data migration remain uncontracted.
The Malaysian Cooperative Commission project runs for 24 months, with development and implementation followed by a subscription phase.
Private placement shares were allocated to 16 identified investors, none of whom would become a substantial shareholder through the IPO.
The award brings contracts and purchase orders from the customer for the project to about RM544 million, with completion expected by April 2028.
The ministry’s RM1.29 billion allocation includes RM41 million for a roadmap targeting 5,500 active startups and 5,000 skilled job opportunities.
The counter recovered to RM1.31 by the midday break, with more than five million shares traded.
The Energy Commission is examining electricity needs because the capacity sought by data centres exceeds their consumption, the deputy minister said.
Negotiations are nearly 80% complete, but palm oil and automotive issues remain under discussion, according to Johari Abdul Ghani.
The FBM KLCI was down 0.96 points at 11 am, with turnover reaching RM998.32 million.
The company said registrations cover 83% of Malaysia’s digitally active population, linking over 14 million Malaysians to digital services.