Felda ties up with SAP to explore potential GST businesses

Published: Monday March 10, 2014 MYT 5:41:00 PM 

Updated: Monday March 10, 2014 MYT 5:46:08 PM

KUALA LUMPUR: Felda Global Ventures has partnered with SAP Malaysia Sdn Bhdto explore business opportunities in the Goods and Services Tax (GST) assessment and implementation.

In a filing to Bursa Malaysia on Monday, the group signed a non-binding Memorandum of Collaboration via its subsidiary Felda Prodata Systems Sdn Bhd, where the tie-up would explore the GST-related services in the public and Government sector.

“The MOC sets out the understanding and intention of the parties during this interim exploratory period.“The MOC shall remain valid for six months or such extended period as agreed in writing by the parties,” it said.