MyEG explains foreign-worker permit renewals

Publish date: Fri, 09 Jan 2015, 03:15 AM

KUALA LUMPUR: The primary objective of the new online system for Foreign Workers PL(KS) Permit Renewal through My E.G.Services Bhd (MyEG) is to differentiate between legal and illegal foreign workers in the country and those who employ the latter.

In a filing to Bursa Malaysia, MyEG said the system, which commenced on Jan 5, would also provide a more convenient and efficient way to undertake transactions.

"MyEG's role is also to compile, verify, maintain, update and analyse the database of legal and illegal foreign workers.

"This is alongside authorised employers of foreign workers, those who unknowingly have foreign workers registered under their name, as well as illegal foreign workers on their payroll.

"MyEG has the responsibility to ensure valid insurance is in place before processing the transaction, as MyEG will be liable for any non-compliance," it added.

MyEG said the RM38 fee was for the above scope of responsibility, as well as, to deliver the renewed permits to the home or offices of users with biometric verification.

Insurance Guarantees, Foreign Workers Compensation Scheme, as well as, Foreign Workers Hospitalisation and Surgical Scheme (FWHS) can be purchased through any insurance agent, including MyEG.

MyEG will also bear the cost of deportation of illegal foreign workers detained. -- BERNAMA

Discussions
Be the first to like this. Showing 5 of 5 comments

haikeyila

again we see share price spiked before any announcement. how could something like this be allowed to happen time and again?

2015-01-10 22:56

stanleysee

Insider news always leak out to benefit certain people. This is just sad to see it again and again.

2015-01-11 16:01

ingorantinvetors

Foreign working permit renewal by Myeg is not new at all. This news has been circulated for over a year and advertisement was aired a year ago. You guys are really ignorant and should be ashamed of yourselves. Look at this Myeg advertisement which was banned a year ago. Research before you open your mouth next time. https://www.youtube.com/watch?v=z7AIJcYyHI0

2015-01-11 16:09

haikeyila

dumbass, we are talking about the announcement of a monopoly

2015-01-11 19:20

calvintaneng

MyEg in overbought territory.

So better sell into strength & switch to other laggards.

2015-01-11 21:38

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