Tuesday 21 May 2024
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KUALA LUMPUR (March 5): The Malaysian Competition Commission (MyCC) has accepted the changes made by My EG Services Bhd (MyEG) and its subsidiaries to its online foreign worker renewal system.

In a filing to Bursa Malaysia today, MyEG said with the acceptance of the changes, the daily penalty of RM7,500 will cease with immediate effect.

It said the penalty up to the date of the acceptance amounted to RM9.64 million, of which MyEG had paid a total of RM6.41 million.

MyEG said it is of the view that it has fully complied with the decisions made earlier by MyCC and its Competition Appeals Tribunal (CAT).

"However, the appeal which MyEG had filed to the Court of Appeal will continue. MyEG had filed an appeal to the Court of Appeal against the decisions made earlier by MyCC and CAT and to appeal against the penalty imposed by MyCC.

"MYEG hopes to reiterate to all users that the changes required are in relation to the user interface of the group's portal and does not affect the ongoing delivery and provision of all its services," it said.

At 10.32am, MyEG rose 3% or 3 sen to RM1.03 with 17.92 million shares traded.

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