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UUE Holdings Bhd (KL:UUE), via its wholly owned subsidiary Kum Fatt Engineering Sdn Bhd, has secured contract extensions and renewals worth a total of about RM36.5 million from Komasi Engineering Sdn Bhd. The contracts cover underground cable installation and commissioning works within Tenaga Nasional Bhd’s (KL:TENAGA) distribution network. The first contract is a nine-month extension — valued at over RM22 million — for the installation, testing, and commissioning of 33kV underground cables and accessories for asset development in Terengganu and Kelantan. The extension is valid until Oct 8. The second contract is an 11-month renewal — worth RM14.5 million — for similar works involving 11kV underground cables and accessories for asset development in Johor. This renewal is valid until Dec 5. — UUE bags RM37 mil contracts for underground cable installation and commissioning works
Signs of Optimism in Oil Markets as a New Year Begins….
Oil markets have started the year with a renewed sense of optimism, driven by stock draws in the U.S. and China's attempts to stimulate its economy.
The gradual return of oil market participants from the New Year’s Eve holidays has been marked with tacit optimism as US stock draws tightened product availability just as cold snaps are threatening both Europe and the US. Meanwhile, China’s vows to be more proactive with stimulus measures have lifted the spirits of those who gave up on more robust policy coming from Beijing, even if temporarily, pushing ICE Brent futures closer to $76 per barrel…..
Anwar, Wong to sign Johor-Singapore Special Economic Zone agreement on Monday, says MB…..wow….imagining the positive impact to YTL/YTLP with DC and Property boombooming….tooiteexcited….couldn’t :):):)