Jomo is right but ‘national considerations’ prevent ECRL cancellation, says Guan Eng

Lim Guan Eng says it involves relations between Malaysia and China, the country's biggest trading partner, and that it will be good to have healthy relations with China. FMTNews

Finance minister Lim Guan Eng says it is better to cancel the ECRL but it is also important to keep good relations with China.

Lim was asked if Putrajaya would talk to China on cancelling the project, as proposed by Jomo. He was also asked to respond to court evidence from the 1MDB trial key witness Amhari Efendi Nazaruddin that the ECRL project was mooted to bail out 1MDB. It had to be noted, Lim said, that “the whole project has been renegotiated with the Chinese government and the Chinese have also agreed to cancel the multi-product pipeline”.

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