KUALA LUMPUR (Oct 5): E-services provider Dagang NeXchange Bhd has launched the nation’s first cargo and trade management web portal.
“Targeted at businesses in the trade facilitation and logistics sector namely exporters and importers, and logistics service providers, 1Trade converges supply chain and cross border logistics processes to simplify cargo and trade management processes,” the group said in a statement today.
The portal captures data at the initial stage of importers’ and exporters’ invoicing, the forwarding and shipping journey, regulatory and agency clearance up until the delivery point.
Dagang executive chairman Datuk Samsul Husin said 1Trade can help users improve on their productivity through the portal’s single data entry compared with multiple data submission that increases risk of error and conflicting data resulting in delay of approval and clearance processes.
Meanwhile, in a separate statement, the group said it has inked a Memorandum of Understanding with e-commerce service providers from six countries to work together towards more efficient cross border trade.
The MoU was signed with representatives from Singapore, Thailand, Indonesia, Philippines, Taiwan and South Korea.
The group said the MoU will see the parties strengthen cooperation and partnership in trade facilitation among the countries they are operating in. They will also engage in discussions and exchange of trade information as well as develop plans, business case, and ideas for cross border services for the transport and logistics community in the region.
Dagang’s shares closed 2.13% or one sen higher at 48 sen, for a market capitalisation of RM833.2 million.