Friday December 11, 2009
MyEG will set up 40 e-services centres to boost business
PETALING JAYA: Electronic government services provider MY E.G. Services Bhd (MyEG) expects to increase its share of online road tax and auto insurance renewal business to 20% from 15% currently when it opens e-service centres in east Malaysia in the first quarter of next year.
Executive chairman Datuk Dr Norraesah Mohamad said the company was in the midst of setting up 40 more e-services centres nationwide, including in Sabah and Sarawak.
Currently, MyEG has 300 e-kiosks and 70 e-service centres. “We expect this business to grow significantly in the future although the awareness is not there yet since the service was only introduced last April.
“We are spending a lot on advertising to create the awareness,” Norraesah told reporters after the company AGM yesterday.
The other entities that provide such services are Road Transport Department (JPJ) and Pos Malaysia.
Nevertheless, JPJ-related services (transaction fees) are the major driver of MyEG’s group income.
On its online Government tax monitoring system for entertainment and food and beverage (F&B) outlets, Norraesah said MyEG hoped to roll out the pilot project by mid next year.
“The Government is in the final stage of studying the system and we are confident it will go through.
“Going forward, if the pilot roll-out is successful, we plan to extend it to other service sectors,” she said.
She added that the company had allocated RM40mil to be spent over two years for the research and development of the system.
Financially, managing director T.S. Wong said MyEG expected to achieve double-digit growth in revenue and profit in the current financial year ending June 30, supported by growing Internet usage among Malaysians.
“We also plan to introduce at least two new products annually from next year,” he said.
On new products, Norraesah said MyEG had just finished testing the system for online MyKad replacement which was expected to be launched before year-end.