Zetrix AI continues to offer immigration services despite contract expiry
In a filing with Bursa Malaysia, the company said it has received a clarification letter on the matter from the Ministry of Home Affairs today.
Zetrix AI said it has a Teaming Agreement with Heitech Padu Bhd , which was awarded the National Integrated Immigration System (NIISe) project, under which immigration related services, including foreign worker permits, are within the NIISe project scope.
"The suite of immigration related services provided by the company continues to be accessible to customers through its platform,' Zetrix AI said.
It added that the development is expected to cause minimal disruptions and will have no material impact on the company's financial performance. - Bernama
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
20 hours ago
- Barnama
13MP: Security Sector, Pillar Of National Stability And Progress
KUALA LUMPUR, July 31 (Bernama) -- The allocation of RM51 billion to the security sector under the 13th Malaysia Plan (13MP) proves the government's commitment to making security the main pillar of the country's stability and progress, said Home Minister Datuk Seri Saifuddin Nasution Ismail. He said the large fund would drive various important initiatives including the modernisation of security operations and improving the welfare of frontline personnel. "With the allocation of RM51 billion to the security sector, this is a clear signal that the government recognises security as a pillar of the country's stability and progress," he said in a statement today. He also expressed appreciation for the government's serious emphasis on the welfare of security personnel, including the provision of quarters for them, involving more than 82,000 units in various phases of construction and renovation. "The provision of 1,368 new Royal Malaysia Police (PDRM) quarters and 3,088 Malaysian Armed Forces (MAF) quarters has been completed, plus another 8,501 units are being built and 69,141 existing quarters are being renovated, which is a meaningful step in safeguarding the well-being of personnel and their families," he said. He said the ongoing efforts in the 13MP to improve infrastructure, facilities and support for security personnel are very welcome and deserve to be praised because they pave the way for the excellent performance of the personnel. "We cannot expect our security forces to serve efficiently and dedicatedly if their basic needs such as comfortable housing, a conducive environment and social need are neglected," he said. Saifuddin Nasution said the ministry also welcomed the government's efforts to modernise the country's immigration system through the National Integrated Immigration System and the use of advanced technology such as artificial intelligence (AI) which is deemed timely in facing current security challenges. "This approach enables the national security forces to function efficiently, responsively and strategically in addressing current challenges as well as increasing the effectiveness of security control at land and maritime borders, especially in facing geopolitical tensions and regional security issues such as in the South China Sea," he said.
The Star
a day ago
- The Star
Trading ideas: Dialog, Zetrix, Kwasa, Alliance, BIG, Steel Hawk, Dayang, Paramount, Samaiden, SP Setia, MMM, CIM, Axis REIT, Pantech, Destini, EcoFirst
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Dialog Group Bhd said its associate Pengerang Terminals (Two) Sdn Bhd is spending US$330mn to expand its storage capacity in the refinery town in Johor. Zetrix AI Bhd (formerly known as My E.G. Services Bhd ) said it has received clarification from the government that it can continue to offer immigration related services within the scope of any other agreements with the latter. Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund, has awarded LBS Bina Group Bhd development rights for an RM8.3bn residential project in the Kwasa Damansara township. Alliance Bank Malaysia Bhd is keeping its net interest margin forecast within the 2.4%-2.5% range for its current financial year following Malaysia's central bank rate cut recently. B.I.G. Industries Bhd is acquiring an air separation unit from Pure Gas Engineering Sdn Bhd for RM22.9mn. Steel Hawk Bhd , which provides support services to oil majors, has secured a scaffolding services contract from EPOMS Sdn Bhd for EPOMS' operational sites. Dayang Enterprise Holdings Bhd has been awarded a work order for the provision of an accommodation work barge from PETRONAS Carigali Sdn Bhd. Paramount Corp Bhd has no plan to acquire additional F&B businesses after the acquisition of a 28% stake in Singapore-listed Envictus International Holdings Ltd, said group chief executive officer Jeffrey Chew Sun Teong. Samaiden Group Bhd , through its subsidiaries, has secured three bio-energy project awards under the Sustainable Energy Development Authority Malaysia's 2025 e-bidding mechanism. S P Setia Bhd recently held a groundbreaking ceremony for its Setia Garden Residences project at EcoXuan in Ho Chi Minh City, Vietnam. MMM Group Bhd (formerly Asia Media Group Bhd ) said trading in its shares will be suspended from Aug 7, after Bursa Malaysia Securities rejected its proposed regularisation plan. PT Bank CIMB Niaga Tbk, 92.5%-owned by CIMB Group Holdings Bhd , reported a 4.6% drop in 2QFY2025 net profit to 1.7tn rupiah (RM431.2mn), impacted by an 8.2% rise in interest expenses. Axis Real Estate Investment Trust will distribute RM8.8mn in net disposal gains from The Annex over three quarters, totalling 0.4 sen per unit and for 2QFY2025, it declared a dividend of 2.7 sen driven by a 20.5% rise in net income to RM47mn. Pantech Group Holdings Bhd reported a 1QFY2026 net profit of RM10.9mn, down over 50% from RM26.3mn a year earlier, due to weaker trading and manufacturing contributions, and a 13.7% revenue decline to RM220.7mn. Destini Bhd posted an RM8.4mn net profit in 4QFY2025, reversing a RM97.2mn loss, with revenue tripling to RM90.3mn, and expects double-digit earnings growth in FY2026. Ecofirst Consolidated Bhd 's 4QFY2025 net profit fell 66.5% to RM14mn due to lower fair value gains and higher costs, despite an 88.3% revenue surge to RM159.6mn from its KL48 project progress.
Free Malaysia Today
2 days ago
- Free Malaysia Today
Zetrix AI allowed to continue providing immigration-related services
Zetrix AI Bhd, formerly MyEG Services Bhd, said it received a letter from the home ministry confirming that it could continue to offer immigration-related services. (Website pic) PETALING JAYA : Zetrix AI Bhd, formerly known as MyEG Services Bhd, has been allowed to continue providing immigration-related services despite the immediate termination of its agreement with the immigration department. In a bourse filing, Zetrix AI said it received a letter from the home ministry today clarifying that the company could continue to offer immigration-related services within the scope of any other agreement with the government. It said it had a teaming agreement with Heitech Padu Bhd, which was awarded the National Integrated Immigration System (NIISe) project, under which immigration-related services, including foreign worker permits, were within the NIISe project scope. 'The suite of immigration-related services provided by the company continues to be accessible to customers through its platform,' it said. The company also said it expected minimal disruption and no material impact on its financial performance following this development. On July 15, it was reported that Bursa Malaysia Securities Bhd fined seven of Zetrix AI's directors RM150,000 each for failing to ensure three company announcements in 2023 were factual and accurate. Bursa said Zetrix AI announced on July 7, 2023, among other things, that a notification letter dated July 4, 2023 from the home ministry confirmed the finance ministry's approval of the company's appointment as the government revenue collection agent and extended its role as the provider of online services for the immigration department. It said the July 7 announcement was inaccurate, false and misleading as it was inconsistent with the contents of the July 4 letter. It said Zetrix AI and the directors also failed to make an immediate announcement to clarify the inconsistency, but maintained its misrepresentation of matters in the company's subsequent announcements on Sept 13 and Sept 14 that year. On July 15, it was reported that Zetrix AI would seek a judicial review against Bursa over the penalty imposed on its directors.
