Smart Mahathir asks Japan for soft loans
#11
Yes. Bro. Mahathir is very smart or perhaps cunning. I had confidence he would not offend China as I felt all his target is at us, Singapore.

He just announced HSR to Singapore is merely postponed not cancelled, much to the disappointment of SgFett, tiunelomo, chertiar, etc.

https://www.straitstimes.com/asia/se-asi...m-mahathir

Malaysia-Singapore HSR postponed, not scrapped: PM Mahathir
Malaysian Prime Minister Mahathir Mohamad said Malaysia would need an HSR but it is something to consider only in the future.
Malaysian Prime Minister Mahathir Mohamad said Malaysia would need an HSR but it is something to consider only in the future. PHOTO: AFP
PUBLISHED4 HOURS AGOUPDATED23 MIN AGO

PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Malaysian Prime Minister Mahathir Mohamad seemed to walk back from an earlier decision regarding the high-speed rail (HSR) project between Kuala Lumpur and Singapore, telling a Japanese publication that the project had been merely postponed, not cancelled.

Speaking to Nikkei Asian Review on the sidelines of the Future of Asia conference in Tokyo, he said Malaysia cannot afford the project at the moment but signalled that the door is still open.

"We cannot say we will never have high-speed rail in Malaysia. What we can do is we can postpone the project because it is far too costly at this moment," he said.


Tun Dr Mahathir said Malaysia would need an HSR but it is something to consider only in the future.

After being sworn in as prime minister, he had announced on May 28 that Malaysia will be dropping the HSR project with Singapore, saying it was "unnecessary". The decision to axe the RM72 billion (S$24.1 billion) rail link came amid efforts to reduce the government's RM1 trillion debt.

However, in his interview with Nikkei Asian Review, Dr Mahathir said the HSR is merely postponed.


ADVERTISING

He said: "We actually postponed the implementation of that project.

"High-speed trains are most effective where the distance is very long. But where the distance is short, it doesn't contribute much.

"So we need to rethink high-speed rail."

"We cannot say we will never have high-speed rail in Malaysia - there will be a need for high-speed rail in the future," he said.

The rail link was expected to cut travel time between the two cities from four hours by car currently to 90 minutes when completed in 2026.

The line was to have eight stations: the Jurong East station in Singapore, and on the Malaysian side, Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri stations.

In early June, Malaysia had said it is open to dusting off the HSR project once its federal debt is eased and at "terms which are favourable to us".

Finance Minister Lim Guan Eng said that "we just cannot afford" the current cost of the HSR, which the Malaysian administration estimated to be closer to RM110 billion.

"Terminating for now doesn't mean it cannot be revisited in the future," Mr Lim said in a briefing with foreign media.

"We may revisit it, but of course, we want to ensure the financial architecture of this project is fair to Malaysia, and of course, we want to strike the best deal," he said.

12-6-2018 5:08 PM
walaneh said:
walaneh! shock
He forgot JepunChew times liao ah, bro! Worried
Quote
#12
Simple reason : loan arranged by him can have 10% or 30% going into his own Swiss account!
Quote
#13
He's not against SG lah....It's just someone he hate here. Rolling on the flor laughing
Quote
#14
12-6-2018 5:47 PM
Notdumb said:
He's not against SG lah....It's just someone he hate here. Rolling on the flor laughing

You really think so?
Quote
#15
Think Mahathir has gone senile or kuku when he mentioned he wanted to have a National Car project.. when he was around, Proton already losing money if he did not raise the import tariff to protect Proton.. If there are 2 car manufacturers in Malaysia, can't imagine how they are going to sell.. unless they close down Geely..
Century, Please apologise to my wife, my mother and my daughter
[Image: mUwJLb4.jpg]
[Image: gkOey8S.jpg]

Quote
#16
12-6-2018 5:49 PM
buick said:
You really think so?

Then what u think?
Why he want to hate SG when sinkees love to spend $$$ in msia?
Quote
#17
walaneh! shock
Beware of the cunning Old Fox lah! Worried
Quote
#18
He again making the mistake for underestimate japanese yen strength against MYR?


https://asia.nikkei.com/Business/Busines...k-to-China
Bye
Cut cost can already....?!
Quote
#19
12-6-2018 4:13 PM
Justice said:
Mahathir just does not like China Loan. He treated those are toxic loan.. China's soft loan is only 2% for 15 years with 5 years grace period..the only condition is - must use Chinese Contractor plus materials. He does not trust the Chinese so to speak..stupid or not.. you judge..

It's not China Chinese. He also biased against Malaysian Chinese is he not? He's a racist against all Chinese race lah.
Quote
#20
If nobody wants to lend him tell him to try his luck at Genting Casino. Tell him sure win no interest payment.
Quote
Users browsing: 1 Guest(s)


Forum Jump: