2022 will be another challenging year for the economy | New Straits Times

#NSTopinion Equally important to highlight is that the good bilateral ties forged during the planning and signing of the project have been somewhat dented.

Bank Negara Malaysia, Tun Razak Exchange

8/12/2021 7:24:00 PM

NSTopinion Equally important to highlight is that the good bilateral ties forged during the planning and signing of the project have been somewhat dented.

We began the year with the shocking news of the cancellation of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. The cost, due to the cancellation, includes not just the compensation to Singapore, but also the loss of economic benefits and multiplier effects, which our economy and people were expected to gain in the short, medium, and long terms.

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