Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Tuesday, April 19, 2011

RM45 million will be invested to provide the Radio Frequency Identification (RFID) infrastructure

To enhance the efficiency of container clearance by reducing the queuing time at Customs checkpoints, improving security through the automatic detection of a compromised or open container, and optimising human resources for better services, RM45 million will be invested to provide the Radio Frequency Identification (RFID) infrastructure.

The RFID will enable security and automation of paperless Royal Malaysian Customs checkpoints throughout Malaysia.
Read more: Najib unveils 7 new ETP projects

Smartag named as part of The Security and Trade Facilitation System using Radio Frequency Identification (RFID) (“Project”) for the Royal Malaysian Customs Checkpoint throughout Malaysia Smartag aims to set up same system for transborder customs clearance

Announcement Details/Table Section :
Pursuant to the speech given by the Prime Minister of Malaysia, YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak at the Economic Transformation Programme (“ETP”) Progress Update Conference on 19 April 2011, the Board of Directors of Smartag wishes to inform that Smartag was named to be a part of the Project to provide security and trade facilitation system for the Royal Malaysian Customs at its checkpoints throughout Malaysia.

The ETP is a comprehensive effort under the Performance Management & Delivery Unit (“PEMANDU”) to spearhead growth areas in various industries with the objective of raising Malaysia’s overall gross national income. The PEMANDU’s main role and objective is to oversee the implementation, assess the progress, facilitate as well as support the delivery and drive the progress of the ETP.

At this juncture, no memorandum of understanding or agreement has been signed in respect to the Project. Further announcements on the progress of the Project will be released in due course once the Company receives further details on the Project.

This announcement is dated 19 April 2011.

Read it in Bursa

KUALA LUMPUR: Smartag Solutions Bhd, which was listed on Bursa Malaysia yesterday, is aiming to set up a common platform for customs clearance of goods at key land checkpoints in Malaysia, Thailand, Laos,Vietnam and southern China.

Read it in The Star

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