China Geo-Engineering Corp, Salcon Engineering Bhd and Access Engineering Ltd signed the contract here yesterday.
The project, funded by the Asian Development Bank, will include construction of a water treatment plant and treated pumping mains of 53km.
Work is due to start this month and scheduled to be completed by April 2009. – Bernama
Tanjung said in a statement the treatment module was expected to be completed by year-end.
It said the contract was expected to contribute positively to its earnings for 2007. – AFX-Asia
The estimates by Mier are below the Government's growth targets of 6% in 2007 and 5.8% in 2006.
“With growth in the developed countries moderating and given the increasing uncertainty in the global outlook for 2007, Malaysia's exports could be affected and domestic demand will, in turn, also be affected,” it said in a report.
Government spending in 2007 could partly cushion the economy from the global slowdown, it said. – Reuters
Another new flight will connect Penang with Kota Kinabalu and Kuching.
The new flights would be operating in time for the Chinese New Year, it said.