The Trader 

Market Outlook: Malaysia suspends Beijing-backed projects

The Trader

Yesterday Malaysia’s finance minister Lim Guan Eng confirmed that three infrastructure projects backed by Chinese money were to be scotched; a fourth was cancelled today.  This move is seen as an attempt to cut government spending and to speed up the probe into the scandal riddled 1 Malaysia Development Berhad investment fund, the Financial Times reports.  The works will be reviewed to see ‘’whether they can proceed…under provisions of the contracts that we find completely lopsided’’.

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