KUALA LUMPUR/BEIJING: Malaysian Prime Minister Mahathir Mohamad arrives in China on Friday seeking to renegotiate, and perhaps cancel, billions of dollars worth of Chinese-invested projects entangled in domestic graft probes.Ties have been strained since a stunning election victory returned Mahathir to power in May and he suspended unpopular Chinese projects authorised by former premier Najib Razak.During his decade-long rule, Najib courted Chinese investment and was a cheerleader for President Xi Jinping's signature Belt and Road Initiative (BRI) in southeast Asia.But Mahathir has vowed to discuss the "unfair" deals on his visit."Where we can drop the project, we will," the 93-year-old told reporters this week. "But we may have to postpone some because we have made agreements, and to breach the agreements will cost us a lot."The centrepiece of China's infrastructure push in Malaysia is the ambitious US$20-billion East Coast Rail Link (ECRL) project, work on which has been suspended … [Read more...] about Billions hinge on Malaysia Mahathir’s bid to woo project concessions from China
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WE cannot deny that the fairly recent inflow of Chinese investments in Malaysia has been a game changer of sorts. I was on a speaking panel recently where one of the speakers railed about how Najib has sold out the country and we have become a colony of China. We know that Dr Mahathir, the "interim chairman" of PH (Pakatan Harapan) has been doing the same, blaming Najib for selling the country's sovereignty to China and that hundreds of thousands of mainland Chinese are about to flood the country. We can imagine this will form the election theme of the Malay leaders of PH. Will they succeed in swaying the Malay voters against Najib and BN? Meanwhile, the Chinese-based DAP leaders are maintaining a loud silence vis a vis the China investments as they witness the exuberant response by the leaders of the Chinese associations to this gush of Chinese investments in the local Chinese press. The way they fete the Chinese ambassador to Malaysia is without precedent. No less than the former … [Read more...] about How will the China investments impact GE14?
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad's support for China's Belt and Road Initiative (BRI) is a testament to the new government's pro-business policy and continuation of efforts to strengthen the friendly relationship between China and Malaysia. Malaysia-China Chamber of Commerce (MCCC) President Tan Yew Sing said Mahathir had clarified on the new government's plan to review all major projects undertaken by the previous government, including China-funded projects, but that did not mean that it would put a halt to them. "The prime minister has announced his support for China's BRI, and this timely clarification of position reiterates the new government's pro-business policy and the continuation of efforts to strengthen bilateral relations. "His (Mahathir's) statement not only clarified the situation for our local enterprises but is also a reassuring news for Chinese enterprises," Tan said in a statement. Prior to the 14th general election, Mahathir pledged to review … [Read more...] about Support for China’s BRI a testament to new govt’s pro-business policy: MCCC
SERDANG: Ties between Malaysia and China would be damaged if Pakatan Harapan (PH) wins power and cancels contracts between the two countries, Prime Minister Datuk Seri Najib Abdul Razak warned today. "The other side has come up with a statement that they will cancel the contracts that we have signed with the Chinese government if they come into power. "The Opposition do not think of the interests of the rakyat. They are only playing politics to fulfil their personal agenda," said Najib, who described PH's pledge to review contracts signed between Malaysia and China as "irresponsible." "Imagine if you sour your relationship with China. (They) will not buy our products, (including) our palm oil. Imagine what would happen to our economy," he said at the launch of an e-commerce micro-financing fund for Malaysians Chinese youths. At the event, Najib announced that RM25 million will be channelled to the E-commerce Micro Credit scheme for the benefit of young Chinese entrepreneurs aged … [Read more...] about Ties with China will worsen if Opposition wins GE14: Najib (Updated)
SERI KEMBANGAN: Prime Minister Datuk Seri Najib Abdul Razak has warned that ties between Malaysia and China would be damaged should the opposition emerge victorious in the 14th general election. "The other side has come up with a statement that they will cancel the contracts that we have signed with the Chinese government if they come into power. Imagine if you sour your relationship with China? China will not buy our products, China will not buy our SME products and China will not buy our palm oil. Imagine what would happen to our economy," he said at the launch of the micro-financing for young entrepreneurs at Wisma Huazhong in Seri Kembangan today. Najib said that damaging the ties between the two countries would be an irresponsible thing to do. "This is a totally irresponsible thing to do. They do not think of the interest and the welfare of the rakyat. They are only playing politics to fulfil their whims and fancies and their personal agenda," he added. In February, the prime … [Read more...] about Ties with China will worsen if Opposition wins GE14: Najib