DNeX unit to develop halal park in the Philippines


Dagang NeXchange Bhd’s (DNeX) wholly owned unit, Global Market eCommerce Sdn Bhd, has signed two memoranda of understanding (MoUs) with the Department of Education Region V and Naga City of the Philippines to work together to develop a halal park in the Philippines.

Under the MoUs, the company has the exclusive right to implement several initiatives for the halal park, including research and development of a halal park and certification of products and services within the park.

It will also establish and manage the halal logistics within the park, provide halal related training, internationally market all certified halal products within the development and form a halal certification body for the halal park.

The MoUs were formalised in Naga City in the Philippines recently, DNeX noted in a statement to the bourse yesterday.

It noted that opportunities in the halal industry are vast as Muslims account for about a quarter of the global population, while the halal logistics sub-segment — in which the group has strong interest — is also increasingly gaining attention.