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Monday 18 April 2011

SMARTAG targets transborder customs clearance system for Malaysia, Thailand, Laos, Vietnam and southern China



After the recent implementation of the company's radio frequency identification (RFID) in Sadao and Suvarnabhumi Airport in Thailand, and the Mukdahan checkpoint at the border of Thailand and Laos (started on  1st of April, 2011), SMARTAG is looking to expand its system to Malaysia's neighbouring country, namely Thailand, Laos, Vietnam and southern China.

At the listing ceremony of SMARTAG, the company claimed that the advantage of this system is to speed up greatly on the transport time for land logistics across the above mentioned countries. Also present at the listing ceremony were SMARTAG chairman Datuk Abdul Hamed Sepawi, SMARTAG CEO PK Lim, Bursa Malaysia CEO Datuk Tajuddin Atan and Kenanga Investment Bank Bhd CEO Lee Kok Khee.

In 2010, SMARTAG recorded RM2.8 million of revenue, with 67% coming from Malaysia while 33% from its Indonesia operations. If SMARTAG successfully expand to Thailand, Laos, Vietnam and southern China, the company is on track to have a significant financial growth in the years ahead!

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1 comment:

  1. Anisa2021 June 2011 at 05:16

    Customs clearance and brokerage operations are a significant part of importers and foreign exporters to transport, to ensure regulatory approval from government agencies, as well as import and export of goods from country to country. Work involves the calculation of transport, taxes, and excise taxes for clients.

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