Dagang NeXchange Berhad Annual Report 2023

To achieve this objective, we have built upon our appointment of a new HR Director and the establishment of our new core values to embark on a series of initiatives aimed at strengthening our workforce. Key undertakings over the past year include the implementation of robust learning programmes, talent development initiatives and succession roadmaps to enhance the competencies and prospects of our employees, while bolstering our ability to attract and retain the requisite talent to achieve our ambitions. We have also taken steps to bolster financial acumen and cost discipline throughout the organisation. Drawing from lessons learnt, we are adopting a more holistic approach to managing our costs and deploying innovative solutions to maximise our bottom line. A demonstration of our proactive approach is evident in our response to global currency fluctuations, notably the weakening of the British pound in 2022 and the ringgit in 2023. Through meticulous cost analysis, we leveraged our multicurrency revenue streams to implement natural hedging strategies, effectively limiting potential forex losses and reducing overall expenses. Integrated Report 2023 15

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