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 IRIS CORPORATION BHD

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xander2k8
post Mar 12 2023, 02:55 AM

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QUOTE(nexona88 @ Mar 11 2023, 01:40 PM)
Govt cancels RM1bil NIISe contract
https://www.thestar.com.my/news/nation/2023...-niise-contract

The government has cancelled the RM1 billion worth contract for the National Integrated Immigration System (NIISe) project that was awarded to IRIS Information Technology Systems Sdn Bhd.

According to sources, the company had been facing delays in completing the project.

"Only about 10% of the NIISe project has been completed so far despite it being awarded in 2020. It has also been classified as a 'sick' project due to the delays in finishing it," said the source.

The source also revealed that the company had even decided to sell the project after it was not able to afford to go forward with the project.

NIISe, a project under the Home Ministry, was originally contracted to be completed fully in 2024.

It was set to replace the myIMMs system used by the Immigration Department which has been in operation for over 20 years.
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Not official don’t read too much to the so called source 🤦‍♀️
xander2k8
post Mar 12 2023, 05:47 PM

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QUOTE(nexona88 @ Mar 12 2023, 11:24 AM)
Sometimes those so called source is actually insiders working there (MoF or IRIS)
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Those so called sources are not even in IRIS as the new owner is TASS

These so called sources are sometimes spreading rumours to short the shares instead 🤦‍♀️
xander2k8
post Mar 13 2023, 01:37 AM

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QUOTE(icemanfx @ Mar 12 2023, 10:49 PM)
You expect owner to leak negative news?
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Yes in order to to buy on the low and sell on the good news 🤦‍♀️

 

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