KUALA LUMPUR (Nov 21): My E.G. Services Bhd (MyEG) shares rose 4 sen or 3.42% to RM1.21 in morning trades today after it announced that its joint venture (JV) company MyEG Philippines Inc has commenced its online services in partnership with the Philippines' Land Bank yesterday.

At 10.17am, MyEG was traded at RM1.22, with some 27.18 million shares transacted, bringing its market capitalisation to RM4.07 billion.

MyEG said the launch of the service is the realisation of a partnership between MYEG Philippines and Land Bank, which entails the implementation and integration of MYEG Philippines' Electronic Payment and Collection System by Land Bank.