SINGAPORE: Malaysia has paid more than S$102 million in compensation to Singapore for the terminated Kuala Lumpur-Singapore High-Speed Rail project, ministers from both countries said on Monday .
In a Facebook post on Monday, Mr Ong said:"I am glad that we were able to close this chapter amicably, without affecting the good bilateral relations between our two countries."He added that there are many areas that Singapore and Malaysia have opportunities to cooperate on, including the issues that Singapore's Foreign Minister Vivian Balakrishnan discussed with Malaysia's leaders last week.
Mr Mustapa had also said that Malaysia would honour its obligations under the agreement, and that both countries would “initiate the necessary” to determine the amount of compensation. Malaysia later requested a further seven-month extension until the end of December to allow both sides to discuss and assess Malaysia’s proposed changes to the project.
Looked like easy money to Singapore ..... but to Singapore , $102.80m is peanuts
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