E-government service provider MyEG Services Bhd (MyEG) said the project awarded by the Immigration Department to register illegal foreign workers does not have a fixed value as it depends on the number of illegal workers successfully registered.
Subject to the number successfully registered, the project is expected to contribute positively to the net assets per share of the group as well as becoming an additional revenue stream, said MyEG in its filing on Bursa Malaysia today.
Read more: MY: Immigration project value based on number of illegal workers registered,says MyEG
It will be approved within 48 hours compared with the conventional method which took between three and six months, says deputy prime minister.
Soon, applications for foreign workers will not involve agents, but the employers must submit their applications online, says Deputy Prime Minister Ahmad Zahid Hamidi.
He said the online management system of foreign workers would be introduced soon to reduce the time needed to bring them into the country.
Read more: MY: All applications for foreign workers to be online
Prime Minister Datuk Seri Najib Razak told Parliament that MyEG Services Bhd's projected net profit for 2015 is RM50 million.
For the nine months ended March 31, 2015, MyEG, which provides online government transactional services, achieved a net profit of RM45.2 million on revenue of RM96.46 million, mainly contributed by the online renewal of foreign worker’s permit and insurance.
"The federal government is expected to collect a revenue of RM1.1 billion from e-services this year."
- Targeted at car buyers and sellers, including owners and dealers
- To act as one-stop centre for all related transactions, including financing
E-Government services provider MY EG Services Bhd (MyEG) has launched its new automotive portal MyMotor, which it said would offer “an integrated transactional online solution” to vehicle ownership.
This would be a distinct advantage in the automotive online classifieds market, which is filled with portals focused mainly on car listings, the company said in a statement.
A rural e-Health programme jointly developed by Sarawak Information System (Sains) and Measat Satellite Systems (Measat) will reach the shores of Peninsular Malaysia soon.
According to Deputy Minister of Multimedia and Communications Datuk Jailani Johari, the ‘Rural ICT-Guided Home-Based Technopreneur Community Healthcare Advancement Nurturing For Growth Ecosystem’ (RiGHT CHANGE) aims to provide rural folk with easier access to e-Health services.
Read more: State’s rural e-Health system to be expanded to Peninsular Malaysia