No deposit refunds for closed overseas employment agencies

The Ministry of Labour stated that the security deposits of overseas employment agencies that were permanently terminated will not be refunded.
Due to various reasons, overseas employment agencies that have been permanently closed by the Ministry of Labour are not allowed to withdraw the licence deposit paid to the department’s temporary account.
Licence insurance deposits will be paid to the national treasury in the 2024-2025 financial year.
Foreign employment agencies are required to deposit K25 million for the licence insurance and K5 million for the Thai licence. Currently, there are nearly 600 agencies that have obtained licences to send workers abroad, and nearly 20 agencies have had their licences confiscated, according to the Department of Labour in Nay Pyi Taw. — TWA/KZL