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HANGZHOU (Bernama): The review of projects related to China in Malaysia has not distorted the plans of the e-commerce giant Alibaba Group to continue to boost investment in the country.
"We are very positive about the bilateral relations between the two countries and at the same time, we are very confident in the future of Malaysia.
19659002]" We are totally confident in our project in Malaysia and there is no setback, we will continue to invest in Malaysia. "We have never changed our commitment to the local population and we will continue to do so," Song said during the Alibaba group's media familiarization visit. "What we saw and what we heard proved that there is nothing wrong between the two countries, because there are also many other companies that have been encountered in Malaysia and have had the honor of meeting with Tunisian Prime Minister Mahathir Mohamad.We are concerned about the bilateral relations between Malaysia and China, but for us there are no negative signs between the two country, "said Song
. the East Coast Rail Link (ECRL) section project contractor, to suspend work on the 688.3 km rail project for reasons of national interest.
The suspension comes a day after the Ministry of Finance revealed that the final cost The ECRL project was RM81bil and CCCC had to significantly reduce the construction costs to make it financially viable.
The project was approved by the previous government on October 21, 2016 during the signing of the engineering, procurement, construction and commissioning agreement. with CCCC on November 1, 2016. – Bernama
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