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MY EG bags revised project from Customs valued at RM180m
by Cals Mon 08 Dec 2014, 02:36
MY EG bags revised project from Customs valued at RM180m
Friday, 5 December 2014KUALA LUMPUR: MY E.G. Services Bhd has accepted a revised letter of award to undertake the Customs online tax reporting (electronic monitoring system) project valued at RM180mil.
It said on Friday it had accepted the revised letter to implement the project for the Customs Department. The tenure of the EMS project is six years and will started from Dec 1, 2014.
“It is expected that the EMS project would contribute positively to the earnings of the company for FY ending June 30, 2015 onwards. The source of funding for the EMS project is expected to be obtained from internally generated funds and bank borrowings,” it said.
MY E.G. said with the acceptance of this letter of award, the government and the company agree the letter of award dated Feb 13, 2014 relating to the award is cancelled
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