Home Economy Business Parlo collaborates with Myanmar’s Diamond Palace for employment agency services

Parlo collaborates with Myanmar’s Diamond Palace for employment agency services

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PETALING JAYA: Parlo Bhd has entered into an agreement with Myanmar’s Diamond Palace Group of Companies Ltd to provide employment agency related services to facilitate the supply of workers to employers.

It stated that this includes services such as travel, logistic & dormitory arrangements, as well as medical examinations arrangements for migrant workers.

The group anticipated a large pent-up in demand for foreign workers post-Covid-19.

Worldwide, there are over 160 million million long term foreign migrant workers with an estimated 10 million workers from Myanmar.

Furthermore, the two parties have also agreed to explore vocational training school, training, micro-financing and digital identity solutions for migrant workers.

It elaborated that the digital identity solutions, E-ID would facilitate secure online transactions such as banking, travel, insurance and other services for the foreign migrant workers’ convenience.

Parlo executive director and CEO Dani Yap Tsok Lim commented that the collaboration will provide it with new revenue source against a stalemate in the tourism industry due to the pandemic.

“We also foresee bright future with this programme if we are able to secure the mandate and roll out the E-ID Total Solutions which will incorporate other digital services such as general payment gateway and e-visa,” he said in a statement today.

“This will not only open up many income opportunities for us but also converge the migrant worker services into one system.”

On the collaboration, Diamond Palace chairman Datuk Thein Than highlighted that there is a 80,000 addressable market in near term subjecting to lifting of travel ban and it is committed to explore new ways to operate more efficiently and effectively.

“We are confident that this project will be a huge success and opens a pathway for other joint ventures in future. This is an ongoing effort to facilitate and ensure Diamond Palace’s commitments to the Ministry of Labour, Immigration and Population of Myanmar are delivered as planned.”