My EG slips after govt freeze on foreign workers, to deport illegals

The Bangladesh government hopes to sending 1.5 million lworkers to Malaysia. - The Daily Star/Asia News Network

KUALA LUMPUR: Shares of MyEG Services Bhd fell to a low of RM2.04 on Friday after the government decided to suspend the recruitment of all foreign workers to Malaysia, including those from Bangladesh.

At 2.56pm, MyEG was down eight sen to RM2.08. There were 11.22 million shares done at prices ranging from RM2.04 to RM2.09.

The FBM KLCI fell 2.17 points or 0.13% to 1,677.85. Turnover was 1.04 billion shares valued at RM749.28mil. There were 325 gainers and 380 losers.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said on Friday the government has decided to suspend the recruitment of all foreign workers to Malaysia, including those from Bangladesh.

"We urge all employers to recruit local workers," he said.

He said the suspension would be in place while the government reviewed the two-tier levy programme for foreign workers. Existing illegal workers in Malaysia would be detained and deported.

MyEG was to have handled the illegal immigrant rehiring programme.

MyEG is a concessionaire for the Malaysian E-Government MSC Flagship Application. Its role as a service provider for the E-Services component essentially provides the electronic link between the government and citizens/businesses.
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