Malaysian finance chief: ties with China, Singapore not derailed by loss of projects
Lim Guan Eng says neighbours will understand Malaysia’s “predicament” over the Chinese-backed East Coast Rail Link and the high-speed Singapore-Kuala Lumpur rail project
Singapore and China could be the most severely affected by Malaysia’s plans to shelve major infrastructure projects as part of the new government’s efforts to plug soaring debts. But that does not mean close bilateral ties between the two Asian nations and Malaysia should be derailed, according to Malaysian Finance Minister Lim Guan Eng.
“I am sure they would want to see their neighbours prosper,” Lim told This Week In Asia on Thursday.
“A beggar thy neighbour approach would not help these countries. A prosperous neighbour would benefit you.
“I am sure as good neighbours and as friendly nations, they would understand our predicament and they would also want to help us out to resolve them.”