Malaysia Dilemma - Chinese Economy - Chinadaily Forum
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Malaysia Dilemma [Copy link] 中文

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Post time 2018-5-30 09:39:18 |Display all floors
The much hope of China exporting their very first high speed rail is gone when the new Malaysian government cancelled that project.

It has been known that the new PM Mathair has alway emphasis that if he is elected, he will review all the existing contracts signed by the previous administration on the value of importance, cost and necessarity that will benefit most Malaysian companies, people and the monetary value and even the term and condition should also benefit the country first and foremost.

It will not just be the HSR but also the east coast rail, development in the southern most state as he deem it as a inbalance for the country development. More projects will be terminated, if desire revalue and retender with the term more beneficial to Malaysian companies including the workforce has to be from Malaysia as well.

More axes will be on the way and it will trim down to its basis.


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Post time 2018-5-30 10:19:13 |Display all floors
If China wants to help Malaysia and save Obor, it's easy for there are plenty of liability restructurings around:



(from:  http://malaysiafinance.blogspot. ... -deconstructed.html )



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Post time 2018-5-30 21:07:54 |Display all floors
re: More axes will be on the way and it will trim down to its basis.

I wouldn't bet my money on it.
Only time will tell.

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Post time 2018-6-1 09:13:45 |Display all floors
Looking at the latest news it seems like there are more axes falling on even those ongoing projects that is already on the works.

No more everything from the financier providing the manpower, finance and even the project management. Days of the everything under one roof is no longer the norm even the workforce must come with a permits especially those that are working on there.

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Post time 2018-6-1 22:09:40 |Display all floors
RE; More axes will be on the way and it will trim down to its basis.

It makes sense to stop KL-S-pore link.  70 years to pay off. Sounds like a no brainer to me.

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Post time 2018-6-3 09:54:45 |Display all floors
This post was edited by ArkOne at 2018-6-3 09:55

The apparent changes is now they are saying it is definitely terminated however one must be careful of that statement. If Singapore just based on press report and here say it could be a turnaround in its contractual obligation that's binds.

Until a clear and definite notice thru the proper government channel it still has to remain that the contract is not official terminated by the Malaysian Government. Nothing is formally concluded until they provide a document to say so. This is the part where the termination must be officially make known by the Malaysian government so that the other side can do the same under contractually.

That is the goodness of a binding contract and as long as you don't officially inform the other party, it still continue business as usual. Better to be safe than sorry.

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Post time 2018-6-4 08:54:55 |Display all floors
The sad fact is that China lost the opportunity to export the very first HSR to not just one country alone but two in fact as that opportunity to have that in record may not come by yet again.

Having that track record will further boost China's industry in HSR technology and value to a mighty high accord showcasing that achievement.

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