My E.G. Services Bhd (MyEG), through wholly owned sub-subsidiary My EG (Indonesia) Sdn Bhd, yesterday signed a memorandum of understanding on investing in the leading e-government services provider in Indonesia, PT Cartenz Technology Indonesia, marking the group’s entry into the e-government space there.
The partnership, subject to the fulfilment of certain terms and conditions, will entail an investment by MyEG of US$10 million (RM41.9 million) for up to a 40% interest. Further, MyEG and Cartenz will jointly implement real-time monitoring of business transactions for tax computation purposes across Indonesia.