DNeX to develop halal park in thePhilippines with local partners

KUALA LUMPUR (March 27): Dagang NeXchangeBhd (DNeX) will work with the Department of Education Region V and Naga City ofthe Philippines to jointly develop a halal park there.

DNeX, through its wholly-owned subsidiaryGlobal Market eCommerce Sdn Bhd, had recently signed two Memoranda ofUnderstanding (MoUs) with the two parties to jointly develop the halal park.

Under the MoUs, DNeX is given the exclusiveright to undertake several initiatives for the halal park including researchand development and certification of product and services within the park.

The initiatives also include establishingand managing the halal logistics within the park, providing halal-relatedtraining, and marketing internationally all certified halal products within thepark.

DNeX has also agreed to establish a halalcertification body for the park.

DNeX executive deputy chairman Datuk SamsulHusin said the opportunity in the halal industry is vast with Muslimsaccounting for about a quarter of the world's more than 7 billion population.

"This opportunity can only grow as theconcept of Halal takes on a stronger foothold,” he added in a statement today.

He noted that a segment of the halalindustry that is increasingly gaining attention and where DNeX has a stronginterest is halal logistics, which can be defined as ensuring halal integrityin the flow of products and goods throughout the supply chain.

DNeX currently operates GoHalaleMarketplace for the halal industry, where companies or individuals can getsuppliers or buyers for their products and services as well as obtain andexchange information on the industry within clicks.

DNeX shares closed lower 0.5 sen or 1.21%at 41 sen, with 3.91 million shares traded, giving it a market capitalisationof RM738.1 million.

Link-> http://www.theedgemarkets.com/article/dnex-develop-halal-park-philippines-local-partners