KUALA LUMPUR, April 19 — The government has clarified that it is not financing the 1 Malaysia email account for Malaysians aged 18 and that it would not be made compulsory.
But questions remain over how Tricubes, in danger of being delisted from Bursa Malaysia due to financial irregularities, will finance the project.
“1Msia Email address is NOT compulsory for all Msians. 1Msia Email is a private sector-led initiative by Tricubes (Berhad), with investment from the company & NOT the govt,” said Pemandu through its etp_roadmap Twitter account.
Fadhlullah Suhaimi Abdul Malek, director of Communications Content & Infrastructure, Business Services NKEA, said that the email accounts, part of a RM50 million one-stop digital solution for government services, would allow those interested to have an address that can be validated to ensure secure transactions with the government.
The little-known ACE-listed company triggered Bursa Malaysia Securities’ Guidance Note 3 (GN3), paragraph 2.1(f) last year when auditors “expressed a modified opinion with emphasis on Tricubes’ going concern in the latest audited financial statements for the financial year ended March 31, 2010”, according to a filing made by Tricubes on October 29, 2010.
As a GN3 company, Tricubes has to submit and implement a regularisation plan, appoint a sponsor until it is no longer deemed a GN3 company, retain the services of a sponsor for three full financial years after the company is no longer considered a GN3 company and announce the status of its regularisation plan monthly.
Tricubes’ latest filing to Bursa Malaysia on April 1 indicates that it is still in the process of regularising its finances.
The clarification by Pemandu also raises questions over Tricubes’ revenue stream and whether Malaysians will find it necessary to sign up for a 1 Malaysia email address.
Prime Minister Datuk Seri Najib Razak announced today the company will provide secure email accounts for official communication with the government.
However, the opposition and many Malaysians have ridiculed the move, stating that such funds should go towards other needs such as improving education and internet access.
The 1 Malaysia email service is part of Najib’s Economic Transformation Programme (ETP) to achieve developed nation status by 2020.
He said today the RM50 million investment will have a gross national income (GNI) impact of RM39 million up to 2015 and will enhance delivery of public services.