Issues over workers permit system bogs down MyEG

Some funds are believed to be just taking a risk-off mode to MyEG as the Government may review the company’s online monopoly.

PETALING JAYA: Renewed concerns following continued complaints pursuant to the implementation of the Government’s online services platform for the issuance of foreign worker’s permit caused MyEG Services Bhd’s shares to fall by 10 sen and close at RM2.82.

The company’s shares, which has gone up a staggering 317.78% in just two years, continued its climb to all-time high earlier in the week to RM3.06, adding to gains following the implementation of the system in spite of complaints by some employers that the RM38 fee was too expensive.