KUALA LUMPUR  The Government will be reviewing several major projects due to uncertainty in the global economic environment, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.

As for projects on which work have yet to start, it might even consider postponing the projects. But it will all be within reason and involve particularly projects that are large and require high cost, the Prime Minister said.

Projects that are viable would continue. All the projects in the country involve the economic corridors, he said.

"Where we can implement, we will. Where we need to pull-back a bit, we will pull-back. We will postpone."

He also said that the country had continued to receive investments from specific areas due to its vision for targeted investment and from areas with sufficient or excess funds for investment.

Malaysia offers high incentives for investment. For investors keen on the targeted investment, the country can either receive the investment flow or export its products to the involved countries.

Abdullah also reiterated that Malaysia's economy would be able to withstand pressures from the downtrend in the global economy.

"Our economy has resilience. Our ringgit is stable and our reserves strong, and up to this point, our exports can be maintained and we also have a favourable trade balance," he said.

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