Thursday 25 Apr 2024
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KUALA LUMPUR (June 10): MY EG Services Bhd’s unit is partnering with the Philippines’ tourism authority to implement an online payment portal designed to facilitate payment for travel taxes.

In a filing with Bursa Malaysia, the group said its 40%-owned unit I-Pay MYEG Philippines Inc has entered into a Memorandum of Agreement to partner Tourism Infrastructure and Enterprise Zone Authority (TIEZA) to make payment of travel taxes more effortless.

Philippines citizens will have multiple options to pay for travel tax anytime online through this partnership, the group said.

“We are committed to support TIEZA in providing the traveling citizens an easier, faster and hassle-free way of paying for their travel taxes,” said I-Pay MYEG Philippines CEO Ann Margaret Saldaña.

“With this partnership, TIEZA will be able to provide 90,000 ways for the citizens to settle and pay for their travel taxes, thus, giving them more reasons to have safer, more enjoyable and hassle-free travel," she said.

Shares of MY E.G. closed unchanged at 91 sen on Friday (June 10), giving the group a market capitalisation of RM6.74 billion.

Edited ByS Kanagaraju
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