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Neurogine on track to meet UN SDGs via roadmap to eliminate single-use plastics

21/07/2022 07:29 PM

By Jailani Hasan

LABUAN, July 21 (Bernama) -- Neurogine Group of Companies is on track to achieving the United Nations (UN) Sustainable Development Goals (SDGs) through its roadmap to eliminate single-use plastics by 2025.

Its group chief executive officer, Chen Chee Onn said the group expects to meet the UN SDGs based on decent work and economic growth; industry, innovation and infrastructure; responsible consumption and production as well as climate action.

“The group is finalising funding support for an environmental education centre in Sandakan, focused on programmes for the youth. 

“We need young people to be involved and committed to championing our environment based on the UN SDGs,” he said after signing a memorandum of understanding (MoU) with Universiti Malaysia Sabah (UMS) vice-chancellor Professor Datuk Taufiq Yap Yun Hin to explore issues of financial inclusion, particularly for small and medium enterprises (SMEs) and credit access.

The MoU was inked at the UMS Labuan International Campus today. 

Chen said that UMS and Neurogine Group, which is a technology-finance developer of mobile platforms for banking, payment, money broking and merchants, have similar interests and directions and he believes that the MoU would make this alignment clearer.

He added that the Neurogine Group has expanded in the past 12 months for its financial year ended June 30, 2022, with a consolidated financial performance that reflected positive growth in the past six months, contributing to a picture of profit. 

“We have expanded to serve banks in Indonesia, apart from Cambodia and Myanmar, and we are going to continue knocking on the doors of many banks.

“The Neurogine Group’s banking operations are led by Neurogine MPEX (L) Ltd,” he said.  

Chen also noted that the Neurogine Group’s money broking operations, fully licensed and regulated by the Labuan Financial Services Authority, recorded positive quarter-on-quarter growth, with its last quarter exceeding expectations. 

“The first 10 days of this month exceeded the transactional value of the entire month in May and is close to exceeding the transactional value in June, and this effort is spearheaded by Neurogine Capital (L) Ltd,” he said. 

The group has partnered with two domestic banks in 2019 and 2020 via Neurogine Sdn Bhd, to address commercial digitalisation efforts in SMEs, micro-enterprises and cottage industries.

“Such efforts are our contribution to help national recovery, it is important to fully support financial innovations and access to new financial services. 

“It moves us closer towards our goal of democratising financial access in this region and in our way, help ensure a shared digital economy prosperity,” he said. 



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