us Belt and Road Initiative .
The new ECRL deal may become a case study for others. And Prime Minister Tun Dr Mahathir Mohamad, who will be delivering a speech at the Second Belt and Road Summit in Beijing later this month, may be invited to share his experience in talking with China.“Malaysia’s success in renegotiating the ECRL project with China is significant as it saves Malaysia from the debt trap that Sri Lanka fell into,” says an opinion piece in Forbes.
“As such, we chose to go back to the negotiation table and call for a more equitable deal, whereby the needs of the Malaysian people would be protected,” the Prime Minister said in his five-page statement. According to Datuk Keith Li, the president of the China Enterprises Association in Malaysia, Beijing appears “prepared” to face demands for the review of terms in BRI projects.
The economic giant knows it needs to counter growing concerns that President Xi Jinping’s signature programme may burden backward BRI countries with debts. While there are economic benefits brought to countries in dire need of infrastructure and economic development, there are also complaints that most Chinese lending in BRI is on less concessional terms than offered by multinational institutions.
Probably right as it may certainly be written down in the history books of the greatest boo boo performed by the oldest boldest blossomed ego eccentric creature on earth not to emulate? pakatanharapan_ netraKL hoowahfoon PPBMofficial mariamAdmrlGen sitikasim
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New ECRL alignment will protect Klang Gates Quartz RidgePUTRAJAYA: The new East Coast Rail Link (ECRL) alignment will leave the Klang Gates Quartz Ridge and the nation’s silica reserves untouched, says Prime Minister Tun Dr Mahathir Mohamad.
Source: staronline - 🏆 4. / 75 Read more »
US don: Pakatan delivered on poll pledge with new ECRL deal | Malay MailKUALA LUMPUR, April 15 — Malaysia’s success in renegotiating the East Coast Rail Link (ECRL) with China sets it apart from other nations dealing with the Asian superpower, according to one US economist. Panos Mourdoukoutas, the chairman of LIU Post’s Economics department, wrote an opinion...
Source: malaymail - 🏆 1. / 86 Read more »
New date set for ECRL completionPUTRAJAYA: The new completion date for the East Coast Rail Link (ECRL) is December 31, 2026 – about two years later than the original date of June 30 2024.
Source: staronline - 🏆 4. / 75 Read more »
New ECRL deal nothing to do with Jho Low, says Dr MThe prime minister says Putrajaya is also pushing for China to purchase palm oil produce from Malaysia.
Source: fmtoday - 🏆 5. / 72 Read more »
New ECRL deal a big win for Dr Mahathir, says US economist | The Malaysian InsightMalaysia has dared to do something other Asian countries daren't – force China to return to the negotiating table to reduce the cost of investment projects assigned to Chinese contractors. These Americans - they are trying to make Malaysia looks like against China! Don’t politicise the business negotiations between Malaysia and China. Malaysia treats every foreign investors the same and for business deals, we want win win for both party! SyedSaddiq this ecrl is the biggest waste of money ever have been. look. how many people use the rail ? just tell me how many people commute to work using it and you will know your answer? remember the melaka lrt, thats same as this project only much bigger syedsaddiq khairykj 3 items in the renegotiated ECRL could prove costly to Malaysian tax payers that could render the reduced price nothing more than an exercise in 'penny wise pound foolish'. Then a white elephant.
Source: msianinsight - 🏆 8. / 63 Read more »
New ECRL alignment will protect Klang Gates Quartz Ridge, says Dr MPETALING JAYA: The new East Coast Rail Link (ECRL) alignment will leave the Klang Gates Quartz Ridge and the nation's silica reserves untouched, says Prime Minister Tun Dr Mahathir Mohamad. Wud hd bn a great-healing moment hd PH jz admitted ECRL is good instead of coming out guns ablazing 2 cancel 2 stem nation's debt, blah, blah. Now, 'eat humble pie' wt new narratives. vincent interest terpelihara Did anyone do a study on this and how to address this? ECRL is not a highway where cars can stop for white elephants to pass ..HIGH SPEED TRAIN cannot stop in the middle of the jungle, in the middle of the night Will ECRL will be a death trap for its passengers and wildlife ?
Source: staronline - 🏆 4. / 75 Read more »
New ECRL route without Gombak stop defeats its original purpose, says Najib | Malay MailKUALA LUMPUR, April 13 — Former prime minister Datuk Seri Najib Razak today said that the Pakatan Harapan (PH) government’s revised East Coast Rail Link (ECRL) deal had missed its true objectives. Najib, through a Facebook post, mocked the updated ECRL route that now omits the Gombak... apa original purpose bossku NajibRazak... sakau komisen semaksimum yg mungkin? NajibRazak the original plan was to fraudulently siphon $30 billion out to plug the huge fraud caused hole in 1MDB/SRC. Sorry, PH govt upset those crooked plams! Try harder from Bamboo River Resort soon! He thought he is smart but no so. He forgot people can take the MRT to Kajang and Putrajaya to catch the ECRL. Guess this is something he never thought off.
Source: malaymail - 🏆 1. / 86 Read more »
New ECRL route will cost users more travel time, says Najib | The Malaysian InsightOriginal track was designed to cut travel time from Gombak to Kota Baru by four hours, says former prime minister on his Facebook post.
Source: msianinsight - 🏆 8. / 63 Read more »
New deal for ECRL a ‘big win’ for Dr Mahathir, says academic | The Malaysian InsightBy renegotiating with China to bring down costs, Malaysia did what other countries didn't dare to do, says economics don. saifuddinabd YB, the question you have to ask yourself is 'will this bring in votes' for pakatanharapan_ ? What is the point of 'big win' for the 'politician'? Yeah.... RM 8 B? saifuddinabd Big win? But a lost to a nation
Source: msianinsight - 🏆 8. / 63 Read more »
New deal sees ECRL to resume at RM44 billion, says PMO | The Malaysian InsightProject cost has reduced from RM65.5 billion after negotiations with China.
Source: msianinsight - 🏆 8. / 63 Read more »