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Transactions of RM25m expected via MDEX, The Sun, 9 June 2011

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The Sun
09/06/2011
Page: 18
Section: Business & Finance
Region: Malaysia Circulation: 300550
Type: Malaysia - English Newspapers
Size: 59.00 sq.cms
Frequency: MTWTF
Transactions of RM25m expected via MDEX
KUALA LUMPUR: Transactions of about RM25 million are expected to be done via the Malaysia Digital Enterprise Exchange (MDEX) by year-end, backed by aggressive marketing, promotions and sales efforts by ManagePay Systems Bhd MDEX, a national ICT initiative of the Multimedia Development Corporation (MDeC) and SME Corp, was established last year to help Malaysian SMEs move online. ManagePay Systems CEO Chew Chee Seng said the MDEX National Tour 2011 would be organised from July to reach SMEs nationwide. "To date, 3,300 SMEs have registered with MDEX and this number is expected to grow to 8,000 by year-end," he told reporters at a media briefmg yesterday. More than 21,600 products and services have been uploaded by MDEX subscribers as of May with the value of transactions at more than RM1 million monthly. Chew said 20 new Private Label Portals based on a community approach will be created this year to widen the visibility of the SMEs registered under MDEX. Bernama
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